The Federal Reserve will likely soon slow its interest rates hikes, Fed Vice Chair Lael Brainard signaled on Monday, as the U.S. central bank tries to figure out how high borrowing costs need to go and how long they should stay there to bring down inflation. “I think it will probably be appropriate soon to…
LIVE 10:30 AM ET: Boston Lab’s 80 Percent Kill Rate Virus Criticized as ‘Playing With Fire’; Biden Creates New Pandemic Strategy
Boston University is being criticized for creating a new COVID strain that showed an 80 percent kill rate in mice. Experts said the researchers were “playing with fire” by risking the outbreak of a lab-made pandemic. The NIH, meanwhile, has said it was unaware of the research, and took steps to distance itself from the…
LIVE: Boston Lab’s 80 Percent Kill Rate Virus Criticized as ‘Playing With Fire’; Biden Creates New Pandemic Strategy
Boston University is being criticized for creating a new COVID strain that showed an 80 percent kill rate in mice. Experts said the researchers were “playing with fire” by risking the outbreak of a lab-made pandemic. The NIH, meanwhile, has said it was unaware of the research, and took steps to distance itself from the…
Boston Lab’s 80 Percent Kill Rate Virus Criticized as ‘Playing With Fire’; Biden Creates New Pandemic Strategy
Boston University is being criticized for creating a new COVID strain that showed an 80 percent kill rate in mice. Experts said the researchers were “playing with fire” by risking the outbreak of a lab-made pandemic. The NIH, meanwhile, has said it was unaware of the research, and took steps to distance itself from the…
LIVE 11/2, at 10:30 AM ET: Boston Lab’s 80 Percent Kill Rate Virus Criticized as ‘Playing With Fire’; Biden Creates New Pandemic Strategy
Boston University is being criticized for creating a new COVID strain that showed an 80 percent kill rate in mice. Experts said the researchers were “playing with fire” by risking the outbreak of a lab-made pandemic. The NIH, meanwhile, has said it was unaware of the research, and took steps to distance itself from the…
ECB Raises Interest Rates Again, Trims Bank Subsidies
FRANKFURT—The European Central Bank raised interest rates again on Thursday and signaled it was keen to start shrinking its bloated balance sheet, taking another big step in tightening policy to fight off a historic surge in inflation. Worried that rapid price growth is becoming entrenched, the ECB is raising borrowing costs at the fastest pace…
Fed Governor Christopher Waller Sees Further Aggressive Rate Hikes in Inflation Battle
The U.S. Federal Reserve needs to keep raising interest rates into early next year to bring down stubbornly high inflation, Governor Christopher Waller said on Thursday in a hawkish speech suggesting he sees little reason to ease the pace of Fed policy tightening. “Inflation is far from the FOMC’s goal and not likely to fall…
Fed’s Evans: Rates Headed to 4.5 Percent–4.75 Percent by Spring of 2023
CHICAGO—Chicago Federal Reserve Bank President Charles Evans on Thursday said the U.S. central bank’s policy rate is likely headed to 4.5 percent–4.75 percent by the spring of 2023 as the Fed increases borrowing costs to bring down too-high inflation. “We have further to go” on rate hikes, Evans said at an annual meeting of the…
Hong Kong Central Bank Raises Rate, HSBC and Standard Chartered Follow
HONG KONG—Hong Kong on Thursday raised its base rate by 75 basis points (bps) to 3.5 percent, prompting the largest commercial banks operating in the territory, including HSBC, to increase their best lending rates. HSBC was the first bank in Hong Kong to announce it was raising its best lending rate by 12.5 basis points…
Norway Lifts Rates to 2.25 Percent, Expects Smaller Hikes Ahead
OSLO—Norway’s central bank raised its benchmark interest rate by a widely-anticipated 50 basis points to 2.25 percent on Thursday, but said future hikes would be more “gradual,” weakening the country’s crown currency. Norges Bank will probably hike again in November, by 25 basis points (bps), although predictions are unusually uncertain at the moment, its governor…
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