October 21, 2022

Is The Fed About To Change Direction?

Some Federal Reserve officials have made statements that suggest rate hikes early next year are less likely and that the rate of increases will be reduced to 50 or 25 basis points, pointing out that rate hikes could hurt the economy unnecessarily.

Liz Truss Resigns: Who Will Be UK’s Next Prime Minister

The UK is going to elect its new Prime Minister within a week after Liz Truss’s resignation. Truss resigned last night after holding office for a month and a half only. Truss came under heavy fire after being accused of mishandling economy. Now all eyes are on the next Prime Minister that is going to recover the highly exhausted economy.