Jerome Powell signals more tightening

Source: Dukascopy Bank SA
The Chairman of the US Federal Reserve has revealed in the post-rate-hike press conference that the US Federal Reserve would continue to hike interest rates throughout 2023 and no rate cuts are foreseeable during the year.
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Thu, 02 Feb 2023 12:03:15 GMT

Bank of England hikes Official Bank Rate

The Bank of England has increased its Official Bank Rate from 3.50% up to 4.00%. The members of the Monetary Policy Committee voted as follows. Seven cast votes for a rate hike and two voted for keeping rates unchanged.

Thu, 02 Feb 2023 14:30:05 GMT

Intel reduces salaries and benefits

In the aftermath of abysmal quarterly results, Intel Corporation has announced that it would cut salaries from 5.00% up to 25.00%. In addition, the company is set to reduce its matching of pension fund programs.

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