Bank of England’s Mann doubles down on backing for rate hikes

© Reuters. Economist and member of the Bank Of England’s Monetary Policy Committee Catherine Mann poses for a photograph ahead of a speech at Manchester Business School in Manchester, Britain, January 12, 2023. REUTERS/Phil Noble/Files By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates

Read more

Most Small Businesses Expect A Recession This Year—Here’s How They’re Getting Ready For It

Topline Nearly two-thirds of small and midsize businesses anticipate a recession in 2023, according to research published by JPMorgan Chase on Thursday, signaling a tough year ahead for industry and consumers alike as rising costs and months of persistently high inflation spook business leaders and drive prices up. Business leaders think a U.S. recession is

Read more

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold will be the best performer” this year and stated that the U.S. Federal Reserve will not cut rates until a “massively nasty recession” occurs.

Read more