Senate confirms Lael Brainard as Fed vice chair

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarque | Reuters The US Senate on Tuesday confirmed … Read more

Central banks to put rates in pain zone to fight inflation

LONDON — Overcoming doggedly high inflation requires interest rates to be pushed into the “pain zone.” But whether any central bank has the nerve to do it is the question, according to investment manager Man Group. “To actually fight inflation will require a central bank to show that they’re willing to put rates into the … Read more

FTSE 100 Live 19 April: IMF updates economic forecasts, US earnings season picks up pace

1650381292 FTSE turns higher as stocks rally The FTSE 100 has turned positive in afternoon trade as stocks rally on the other side of the Atlantic. London’s bluechip index is up 5 points with around 20 minutes of the trading day left, having spent much of the session underwater. Momentum is being helped by trading … Read more

How to manage your pension while inflation soars

brianajackson | Istock | Getty Images As inflation soars to record highs, retirement savings are feeling the pinch, making it even more important to make sure yours is working for you. US inflation rose 8.5% annually in March to hit a fresh 40-year high as the war in Ukraine pushed up energy costs, the latest … Read more

White House expects big price hikes in March CPI report

White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. PSAKI answered a range of questions related primarily to Russia’s invasion of Ukraine. Win Mcnamee | Getty Images WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices … Read more

The role of natural gas in the Russia-Ukraine conflict

Natural gas is one of several commodities affected by Russia’s invasion of Ukraine. Prices on the Dutch TTF hub, a European benchmark for natural gas trading, more than tripled between February 16 and March 7 before pulling back. But despite being at the center of the largest military conflict in Europe since World War II, … Read more