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Wall St Week Ahead: As markets turn, investors hide in cash despite soaring inflation

Wall St Week Ahead: As markets turn, investors hide in cash despite soaring inflation

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 16 (Reuters) – A tough year in markets is pushing some investors into cash as they capitalize …

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European Central Bank raises rates by 75 basis points to tackle soaring inflation

European Central Bank raises rates by 75 basis points to tackle soaring inflation

The European Central Bank on Thursday announced a 75 basis point hike in interest rates, taking its benchmark deposit rate to 0.75%. “This major step precipitates the transition from the very accommodative level of policy rates to levels that will ensure the rapid return of inflation to the ECB’s medium-term target of 2%,” he said …

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