Good morning, readers. Phil Rosen here, writing to you from a coffee shop in Manhattan.Powell and co. last week chose to "skip" an interest rate adjustment, holding them steady after 10 straight hikes but cautioning that more raises could still happen.The rest of the world did not follow suit. The central banks of the UK, Turkey, Norway, and Switzerland all raised interest rates yesterday.
Central Banks Around The World Just Made Borrowing Costs More Expensive
prosen@insider.com (Phil Rosen), Business Insider
Fri, 06/23/2023 - 3:15am
Topics: manhattan norway switzerland images1 the uk interactive investor myron jobson president recep tayyip erdogan october stock exchange nyse u.s house representatives dow spencer platt/getty2 federal reserve chair jerome powell apogee enterprises goldman sachs corelogic david rosenberg tesla apple microsoft nvidia amazon s3 partners s&p ai.9 bmo capital markets insider10 warren buffett berkshire hathaway gates foundation jason ma los angeles nathan rennolds london business insider phil rosen uk turkey bank england the tweet york june us markets world borrowing costs stocks rate inflation rates interest months raised morning year investors quarter basis benchmark level philrosenn rest decision lira names hikes yesterday economy high policymakers betting climbed points email time friday equity move
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