The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

Amidst high inflation, banking failures in recent weeks, and tight monetary policies, the economy is expected to witness a downturn this year. Against this backdrop, fundamentally weak stocks, Snap (SNAP) and Peloton Interactive (PTON) could be best sold short, liquidated, or avoided completely. Read on.

Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food and…