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CBank hikes rates by 700 bps Sri Lanka beset by crippling economic crisis Finance minister seeks debt moratorium, financial aid COLOMBO, April 8 (Reuters) – Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared […]
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The U.S. economy is ready for interest rate increases to control rampant inflation, Richmond Federal Reserve President Thomas Barkin said Monday. With the Fed poised to start hiking rates in March and beyond, Barkin told CNBC in a live interview that tighter monetary policy is appropriate. However, he didn’t commit […]
A customer wears a face mask as they lift weights while working out inside a Planet Fitness gym as the location reopens after being closed due to the Covid-19 pandemic, on March 16, 2021 in Inglewood, California. Patrick T. Fallon | AFP | Getty Images As Covid restrictions ease across […]
RyanJLane | E+ | Getty Images With a rising cost of living, investors may be eyeing I bonds, an inflation-protected and nearly risk-free asset, paying a 7.12% annual rate through next April. While I bonds have relatively low purchase limits, couples may leverage a year-end strategy to increase their holdings. Annual […]