Central banks grapple with soaring inflation and risk of recession

The highlight of the event is the speech on Friday by the chairman of the national Federal Reserve, Jerome Powell. Revising expectations The Federal Reserve has raised the price of money by 2.25 percentage points this year, to a range of 2.25%-2.5%. But investors have become doubtful and some see the hike as likely to be 0.75 again, a possibility stoked Thursday by…