Global rate-hike endgame is now haunted by recession worries

Federal Reserve chair Jerome Powell has flagged a potential further half-point rate increase. (Image: Getty)

Mon, 19 Jun 2023

By Craig Stirling, Alice Atkins and James HiraiInvestor fears of mounting economic damage are threatening to overshadow the next round of interest-rate hiking all but promised by central bankers from Washington to Frankfurt.With Federal Reserve chair Jerome Powell flagging a potential further half-point in increases and his European Central Bank counterpart Christine Lagarde saying another quarter-point step is “very likely,” a pivotal week in the monetary calendar has left financial markets starting to count the cost that incessant...

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