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By Staff Reporters
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- Dr. Anthony Fauci, the leader of the U.S. government’s Covid pandemic response effort tested positive for the coronavirus. Fauci, who is fully vaccinated against Covid, is experiencing mild symptoms. “Dr. Fauci will isolate and continue to work from home,” a statement said. “He has not recently been in close contact with President [Joe] Biden or other senior government officials.”
- The yen fell after Japan’s central bank kept its ultra-low interest rates on hold even as policy makers around the world hike cost of borrowing to tackle rising prices. The Bank of Japan (BOJ) also says it will continue its program of buying huge amounts of government bonds. This week central banks in the US, UK and Switzerland raised interest rates as they try to curb inflation. After the announcement, the US dollar climbed to 134.64 yen, not far from the 24-year peak of 135.6 earlier this week. So far this year the dollar has climbed by 15% against the yen, as the gap between interest rates in Japan and much of the rest of the world continues to grow.
- Markets: Stocks took a big tumble over recession concerns, and blue-chip companies such as Home Depot, Intel, Walgreens, and JPMorgan touched 52-week lows.
- Global economy: European central banks including the Bank of England, the Swiss National Bank, and the National Bank of Hungary increased interest rates yesterday to tame inflation.
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Filed under: Alerts Sign-Up, iMBA, Inc., Investing | Tagged: Bank Japan, BOJ, Fauci, Global Economy, inflation, japan, markets, Yen |
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