Some of the major oil producing nations agreed to add 400,000 barrels per day in March. Brent crude was priced at US$90.09
Energy prices, up 28.6%, played a major role in record inflation for nations using euro currency, but ECB predicts it will fall to 1.8% in 2023 and 2024
Interest income could drive profits as capital markets and credit-loss provisions sag
Survey finds financial anxiety is rising alongside consumer prices
The central bank also said it would phase out its monthly bond purchases in March
Some economists have expressed concern that the Fed is already moving too late to combat high inflation
Inflation is expected to remain higher than targeted
Philip Petursson says central banks are behind the curve as he helps advisors position portfolios
Rising consumer prices and likely interest rate hikes are among the top issues at the virtual World Economic Forum
Inflation requires higher interest rates, but "the economy is perfectly able to handle that," says Scotiabank economist