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UK inflation has risen to 9.1% a year – far beyond the Bank of England’s 2% target rate. And it’s likely to remain high for some time. That’s going to change everything, says John Stepek. The economy, our politics – and the way you invest.
There’s a whiff of panic in the air – and not just in stock markets
Central banks no longer agree on interest rates. The US is raising aggressively, while the UK is taking a more cautious approach and Japan is sticking to its plan of “yield curve control”. John Stepek explains why this matters, and what it means for the markets and your money.
In an attempt to contain raging inflation, the Federal Reserve has raised US interest rates by 0.75 percentage points. And it’s going to keep on raising them till something breaks, says John Stepek.
Markets are falling hard as investors take fright. But whatever you do, says John Stepek, don’t panic. Keep your head and prepare for the opportunities that will eventually arise.