ECB rate hikes in July and September likely a done deal: Villeroy in France

DAVOS, Switzerland — It’s likely a done deal that the European Central Bank will raise interest rates in July, a member of the Board of Governors told CNBC on Monday. ECB President Christine Lagarde surprised market participants on Monday with a blog post indicating that the central bank could raise rates in July and “be … Read more

Consumers defy inflation to support the economy. For how long?

WASHINGTON (AP) — With prices across the economy — from food, gas and rent to cars, plane tickets and hotel rooms — rising at their fastest pace in decades. decades, you’d think Americans would rein in their spending. Not so far. Consumers as a whole are showing surprising resilience, not only maintaining their spending, but … Read more