Pound recovers as ONS admits its recession forecast was wrong

Pound recovers as ONS admits its recession forecast was wrong

Ggood morning. The pound is recovering as its early rally on Friday erased all the losses it suffered since Kwasi Kwarteng opened his speech last Friday. It comes as the new government yesterday sought to calm markets after the mini-budget caused turmoil. Liz Truss and Chancellor Kwasi Kwarteng will meet the chair of the Office…

The Federal Reserve is raising interest rates sharply in an effort to beat inflation

The Federal Reserve is raising interest rates sharply in an effort to beat inflation

TThe Federal Reserve raised interest rates by 0.75 percentage point for a second straight month in the most aggressive tightening since the 1980s, putting pressure on the Bank of England to clamp down sharply on rising prices. The U.S. Federal Reserve has maintained a breakneck pace of interest rate hikes and vowed to raise borrowing…

Pizza night CANCELED.  With rising inflation, families are cutting back on essentials and luxury goods

Pizza night CANCELED. With rising inflation, families are cutting back on essentials and luxury goods

Families across America are cutting back on everything from summer vacations to restaurant treats and trips to the hair salon as they battle for the highest inflation rates for 40 years and punishing prices at gas pumps and grocery store checkouts. DailyMail.com spoke to householders across the country to find out how they are coping…