- July 9, 2022
- Posted by: Stratford Team
- Category: Economy
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Sustained US job growth and an unemployment rate near a 50-year low bolstered bets that the Federal Reserve will proceed with another big interest-rate hike this month to rein in demand and tamp down inflation.
Jumbo hikes were the theme of the week in other countries as well, like Hungary and Pakistan, as policy makers work to extinguish price pressures.
Meantime, Germany is considering setting aside strict borrowing limits next year if Russia halts natural gas deliveries for an extended time. In Japan, household spending weakened, calling into question the strength of the recovery.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:
A very busy week for central banks saw more than a dozen across the world hiking rates. Jumbo increases were in the majority, with…
