hike

OPEC

OPEC’s Lackluster Quota Hike Won’t Solve Oil Market Tightness | OilPrice.com

Yesterday, OPEC and its partners led by Russia agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the U.S. and other big consumers for more oil. However, 100,000 additional barrels daily will probably not be enough to lower prices much further. The production increase …

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Bank of England launches biggest interest rate hike in 27 years, predicts lengthy recession

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, and projected the U.K.’s longest recession since the global financial crisis. …

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Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable …

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OPEC+ answers Biden’s diplomacy with tiny oil-output hike

OPEC+’s small increase in output offers little comfort for consumers hit hard by soaring oil prices. OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. The cartel will add only 100,000 barrels a day of oil in September, giving a tight …

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Oil falls 2% on U.S. crude, gasoline build, slight OPEC+ hike

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register U.S. crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target U.S. had …

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Bank of England tipped for biggest interest rate hike in 27 years as inflation soars

LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rates for a fourth consecutive meeting on Thursday, but faces a touch balancing act between supporting growth and curbing inflation. Dan …

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Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike

Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. Ann Saphir | Reuters The Federal Reserve still has a lot of work to do before it gets inflation under control, and that means higher interest …

Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike Read More »

Cointelegraph Magazine

Crypto pumps after Fed rate hike, Zuck pins hopes on Metaverse making hundreds of billions, and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   ‘Bullish rate hike’ — Why crypto spiked in the …

Crypto pumps after Fed rate hike, Zuck pins hopes on Metaverse making hundreds of billions, and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30 Read More »

A Look At Dogecoin After Fed Rate Hike Boosts S&P 500, Crypto Sector Follows Suit

Dogecoin DOGE/USD was declining almost 2% during Friday’s 24-hour trading session after soaring up almost 14% between Tuesday and Thursday. The cryptocurrency sector as a whole has struggled since November 2021 amid soaring inflation, rising interest rates and fears of a looming recession. The crypto sector is considered to be high risk and traders and investors are …

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Nasdaq has biggest one-day jump since 2020 after Fed rate hike

Microsoft, Alphabet results spark rally in growth stocks Fed announces rate hike in unanimous decision Indexes: Dow up 1.4%, S&P 500 up 2.6%, Nasdaq up 4.1% NEW YORK, July 27 (Reuters) – The Nasdaq jumped more than 4% on Wednesday in its biggest daily percentage gain since April 2020 as the Federal Reserve raised interest …

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