The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will cut back in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and higher rate hikes are the greatest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, reinforcing … Read more

Analysis: Money Before Climate. The downturn in the market spurred the emigration of the ESG Fund

NEW YORK/BOOSTON, Nov. 11 (Reuters) – ESG funds have been hit by unprecedented outflows in a market downturn, as investors prioritize preserving capital over goals such as tackling climate change. The ESG, a rating applied to financing assets currently valued at $6.5 trillion, is being tested by a drop in market values ​​fueled by concerns … Read more

FTX seeks $9.4 billion in rescue funds, Bahamas freezes some assets

(Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as CEO Sam Bankman Fried urgently seeks to rescue a cryptocurrency exchange that has been hit hard by customer withdrawals. Bankman-Fried has discussed raising $1 billion each for Tron founder Justin Sun, rival exchange OKX and … Read more

Economy Neither boom, nor corruption, Democrats’ dogs in the US midterm elections

WASHINGTON (Reuters) – Household cash is near record levels in the United States, and consumers are using it to fill up restaurants, planes and buy new cars. Jobs are there to take it. Net wealth is 30% higher than it was before the pandemic, and even more so for those in the bottom half. People … Read more