State Street Global
Fed’s aggressive rate hikes raise likelihood of a recession
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.
Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.
China shares get MSCI nod in landmark moment for Beijing on road to global acceptance
China's stocks took a major step towards global acceptance on June 21, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing.