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The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strate ...
To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices. The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ...