Central Banks
Fed and BOE Prepare 75 Basis-Point Salvos on Inflation: Eco Week
- US jobs data may show weakening; euro-area GDP seen slowing
- Central banks from Australia to Norway likely to keep hiking
Jerome Powell
Photographer: Al Drago/BloombergThis article is for subscribers only.
The Federal Reserve and the Bank of England may both unleash 75 basis-point interest-rate hikes in the coming days in a show of aggression toward inflation, even in the face of mounting recession risks.
The transatlantic double act illustrates the trade-off confronting central banks as evidence of an impending global economic contraction becomes harder to ignore, even as inflation lingers.