There isn’t.”Powell's remarks followed another substantial three-quarters of a point rate hike — its third straight — by the Fed's policymaking committee. On Thursday, Britain’s central bank raised its key interest rate by a half-percentage point — to its highest level in 14 years. And the European Central Bank delivered its largest-ever rate increase with a three-quarter-point hike for the 19 countries that use the euro currency. The European Central Bank last week raised its benchmark rate by three-quarters of a percentage point. And in China, the world’s second-largest economy, growth is already suffering from the government’s repeated COVID lockdowns.

Source: The Guardian September 22, 2022 17:28 UTC