Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.
Rising interest rates and fierce competition are pushing many potential homeowners out of the market, leading one person to conclude: "I feel like the American dream isn't attainable anymore."
The Federal Reserve is expected to raise its benchmark interest rate by another three-quarters of a percentage point amid fears of a looming recession.
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
Russian central bank chief Elvira Nabiullina has cultivated the image of a nerdy, opera-loving technocrat, trapped in place by Putin's decision to go to war in Ukraine. It's not that simple.