The Bank of England has announced a temporary bond-buyback program in efforts to stem the impacts of the strong U.S. dollar, a move that prompted markets to bounce off their recent bear lows.
In the last speech before the Federal Reserve enters its two-week quiet period before the next rate-setting meeting on September 20-21, Federal Reserve Chair Powell reiterated once more that the fight against inflation remains a top priority, as well as a desire to bring the labor market into an alignment that won’t add inflationary pressures, reported CNBC.