International Monetary Fund

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Yousef Gamal El-Din | CNBC Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency. The steps were meant to … Read more

What’s next for the stock market as investors grapple with Fed near ‘peak hawkishness’

International Monetary Fund

‘Sadly, implementation of a dual-pronged quantitative tightening plan requires a level of finesse that the Fed is not known for,’ says Osterweis Capital Management Investors will watch for another gauge of U.S. inflation in the … Read more