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"There is a very high chance the Fed ends up cutting rate towards ... the end of next year," Unicredit's Erik Nielsen tells CNBC.
A multitude of factors conspired to generate the stock market's worst first-half since 1970, but they all emanated from one word: inflation.
European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain vigilant over the coming months.
A member of the European Central Bank told CNBC Wednesday that there's plenty of runway to hike interest rates, following the two planned raises for July and September.
ECB Lagarde has played down fears of a recession in the euro zone.
The new loan ban to certain companies is meant to shore up the lira, which has dramatically weakened over the past few years.
The stock market bounce is just a relief rally and investors should avoid getting sucked back in, according to Royal London's Trevor Greetham.
European stocks closed sharply higher on Friday to end a volatile week, as investors assessed inflation and fears of a possible economic recession.
Oil and bond yields fell on Wednesday, relieving some pressure they've given stocks lately.
The move takes the central bank's policy rate to 1.25%, and Governor Ida Wolden Bache said it will likely be hiked again in August.
Stagflation refers to a combination of high inflation and high unemployment. Here's why experts are worried the economy may be susceptible to those conditions.
Growing fears of an economic recession continued to weigh on Wall Street.
After a brutal week for markets, Fed Chair Jerome Powell will testify before Congress about the central bank's increasingly aggressive plan to fight inflation.
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.