BoE raised rates yesterday by 50bp as expected, but speculators look towards the end of the hiking cycle due to recession risk which was highlighted by BoE’s Tenreyro & Dhingra. They said that 3% bank rate is more than enough to bring CPI back to target. In fact, Dhingra warned of a deeper longer recession […]
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As expected, Micron Technologies (MU) delivered another earnings stunner, posting blowout Q2 results. Consequently, Bank of America analysts led by Vivek Arya bumped their price target to $500 from $400, underscoring deeper confidence in the Read more…
You probably locked in summer flights early this year, or maybe even snagged a deal that made you feel financially confident about your upcoming travel plans. That sense of certainty is about to get tested Read more…