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European States to Convene on Gas Price Curb

European Union member states are set to convene on Thursday to discuss strategies to curb gas prices. Rising gas prices have not only caused industry shutdowns but also left households struggling to pay their bills. Diplomats are struggling to reach a consensus on how...

U.S. Inflation Eased Over October, Incoming CPI Suggests

U.S. inflation is likely to have subsided over the month of October, according to economists surveyed by Bloomberg. This report comes as the Bureau of Labor Statistics is set to release its Consumer Price Index (CPI) for October on Thursday. While the inflation is expected...

NatWest Shares Drop Following Underwhelming Quarterly Results

NatWest Group Plc achieved a lower-than-expected operating profit before tax of £1.086 billion for the third quarter, with the bank's Alison Rose commenting that the UK's economic outlook has worsened, thereby having an impact on consumer activity. “We’re not seeing delinquencies, we’re not seeing customers...

Fed New York President John Williams Says Interest Rates Need to Go Up to 4.5%

Despite the interest rates surging from near zero to 3% to 3.25% from March, the Fed still intends to remain aggressive in attempts to fight inflation. According to Federal Reserve New York President John Williams, the interest rates need to get up to at...

Credit Card Interest Rates Poised to Hit Record High

Credit card interest rates are expected to reach record heights following the US Federal Reserve's decision to up its benchmark interest rate by another 0.75 points. The average variable credit card rate, which is now 18.16% according to Bankrate.com, is expected to follow in...

Swiss National Bank Hikes Interest Rate By 75 Points

The Swiss National Bank raised its interest rates by 75 points on Thursday—only its second increase over the last 15 years. This hike comes as it joins other European central banks in an effort to curb drastically rising prices. As was expected by economists polled...