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The US Federal Reserve’s unprecedented tightening of monetary policy may have slowed the inflation momentum, but an economist has warned that the Fed needs to “keep the pedal to the metal”. The latest edition of Economic Insights from the Swiss Re In...

This is one of those strange times when markets appear to be sending conflicting signals. Specifically, the 15 per cent rebound in the S&P 500 stock index since bottoming in mid-June suggests a light at the end of the economic tunnel. In fact, secon...

Inflation rose 3.7 per cent year on year, the largest increase in almost 15 years, as food and health care costs rose

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points today as it seeks to control runaway inflation in the world’s largest economy. The three-quarters of a percentage point rise is the F...

A new report from KPMG said island governments were developing new or refreshed national economic strategies to get their countries on the right track after being hard hit by the pandemic. The report outlined best-in-class examples of how islands are...

As the Government continued ongoing debt management efforts, it announced the commencement of offers for the purchase of its senior notes. It involves an offer to buy the outstanding 4.138 per cent senior notes due in 2023 and the 4.854 per cent seni...

For the ninth consecutive month, the Retail Sales Index has tumbled, a period stretching through to March this year from as far back as the summer of 2021. The Ministry of Economy and Labour has just released the 2022 Retail Sales Index, with compara...

Even in the absence of the island’s largest hotel for possibly the next 24 months, and continuing concern about the “national” debt, a major rating agency has given Bermuda the thumbs up on our future prospects. In fact, Moody’s Investors Service cit...

Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported. The CNS commented that residents of the Cayman Islands have been livin...