Global Insights

US raises interest rates again, Lula returns, Bibi is back, next week's US mid-term elections, Russian military discusses use of nuclear weapons, and a peace deal to end Ethiopia's civil war.

US Federal Reserve jacks rates again

The US Federal Reserve increased its benchmark interest rates by another 75 basis points (0.75%) for the fourth consecutive time, to a target range of 3.75% - 4%. And it foreshadowed further increases would be necessary, with Federal Reserve Chair Jay Powell warning there was “some ways to go” before inflation was den…