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Analysis: Underwater: how the Bank of England threw a lifeline to the markets

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after demands from pension funds Some UK pension funds have faced problematic margin calls BoE support seen as window to post collateral UK government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England that some British pension funds were struggling to …

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Wall Street takes a nose dive amid growing concerns over economic growth

Wall Street takes a nose dive amid growing concerns over economic growth

S&P 500 back to nearly two-year low Airlines and cruises fall on cancellations due to Hurricane Ian CarMax collapses on missing Q2 expectations Indices down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% Sept 29 (Reuters) – Wall Street fell on Thursday on fears of a global economic slowdown from aggressive central bank policy and concerns that …

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UK market rout stokes contagion fears around the world

UK market rout stokes contagion fears around the world

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sale of British assets has rattled global markets, raising concerns about contagion as chaos in a major developed economy adds to the already malaise generated by the sharp rise in interest rates in the United States and elsewhere. After Friday’s UK mini-budget, which …

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Column: Fed neutral rate forecast nods to 'transitional' pivot

Column: Fed neutral rate forecast nods to ‘transitional’ pivot

ORLANDO, Fla., Sept 28 (Reuters) – Investors are scared and bond markets tumble as hopes of a Federal Reserve pivot evaporate and the amount of easing next year priced in to the US interest rate futures curve narrows to less than 25 basis points. The Fed is embarking on its most aggressive policy tightening campaign …

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IMF criticizes UK policy, Bank of England to make big response

IMF criticizes UK policy, Bank of England to make big response

Proposals likely to increase inequality, says IMF BoE pill says ‘significant’ response likely Economists and leaders call for a political reversal The pound is recovering slightly, up 0.4% on the day LONDON, Sept 27 (Reuters) – The International Monetary Fund on Tuesday openly criticized Britain’s new economic strategy, following a further slump in bond markets …

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Fed officials monitor market volatility, say inflation remains a priority

Fed officials monitor market volatility, say inflation remains a priority

Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – U.S. Federal Reserve officials on Monday put an end to rising volatility in global markets, from falling U.S. stocks to currency turmoil overseas, and said their priority remained control. domestic inflation. When asked at a Washington Post event whether he felt …

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Britain scares away investors with historic tax cuts and borrowing

Britain scares away investors with historic tax cuts and borrowing

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades Pound drops 3% to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng on Friday announced historic tax cuts and huge increases in borrowing in …

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Stocks hit 2-year low as central banks step up war on inflation

Stocks hit 2-year low as central banks step up war on inflation

Join now for FREE unlimited access to Reuters.com Register MSCI All-World hits 2-year low Yen stable but traders wary of more intervention Treasuries head for eighth weekly loss LONDON/SYDNEY, Sept 23 (Reuters) – Stocks hit a two-year low on Friday and bonds suffered an eighth weekly loss as investors digested the prospect of a much …

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