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  • BREAKING NEWS

Watch The Morning Show

The News4JAX Morning Show team brings you breaking news from overnight -- local, national and international stories, as well as weather and traffic to start your day.

7 minutes ago

9 killed in Army helicopter crash in Kentucky

The military says 9 people were killed in a crash involving two Army Black Hawk helicopters in southwestern Kentucky.

A rip current statement in effect for 3 regions in the area

See the complete list

LIVE

Watch The Morning Show

9 killed in Army helicopter crash in Kentucky

A rip current statement in effect for 3 regions in the area

CHRISTINE LAGARDE


EU leaders play down bank risks as economy weakens

European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy.

ECB's Lagarde: Future rate hikes open amid banking turmoil

European Central Bank head Christine Lagarde says future interest rate decisions are open after upheaval in the global banking system has left the economic outlook more uncertain.

Europe's central bank backs big rate hike despite bank chaos

The European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.

Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over

Inflation in the euro zone came in at 8.5% in February.

cnbc.com

Europe considers a digital currency as it strives to counter U.S. and China's tech dominance

The European Central Bank is worried that the euro zone will end up in a "sandwich position" between U.S. Big Tech and China's payment systems.

cnbc.com

ECB, BOE Will Soon Dance to the Music of the Fed

Traders and investors are right to ignore the hawkish rhetoric from European policymakers.

washingtonpost.com

Watch live: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

cnbc.com

European Central Bank raises rates by 50 basis points, pledges further hike in March

The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%.

cnbc.com

European Central Bank hikes rates, vows 'we are not done'

The European Central Bank has hiked interest rates by another half-point and vows a similar hike at its next meeting.

Major central banks set to signal interest rate glide path in crucial week for monetary policy

Major central banks are expected to hike interest rates once again this week, but will be watched for signs of leading in soft economic landings.

cnbc.com

The ECB says it'll 'stay the course' on rate hikes. But it's not clear for how long

ECB's Lagarde has said "we will stay the course to ensure the timely return of inflation" but market watchers are asking for how long.

cnbc.com

‘Utterly unprepared’: Larry Summers says another Covid-scale problem is a top economic risk

The Harvard economist told the World Economic Forum in Davos, Switzerland that the world is "utterly unprepared" for another Covid-scale disruption.

cnbc.com

Asian markets rise after Wall St losses amid recession fears

Asian stock markets are higher after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession.

Euro zone inflation rate slides to 9.2% as energy price surge cools

Headline inflation came in at 9.2% year-on-year in December, according to preliminary data. It follows November's headline inflation rate of 10.1%.

cnbc.com

ECB Gets Hawkish on Rates While BOE Starts to Split

Policymakers are starting to divide over whether sustaining growth is more of a priority than curbing inflation.

washingtonpost.com

ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet

The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.

cnbc.com

European Central Bank slows rate hikes but vows more ahead

The European Central Bank has slowed its record pace of interest rate increases.

Euro Inflation Slows Enough for the ECB To Breathe

Consumer prices may have peaked, reducing the need to tighten monetary policy.

washingtonpost.com

Euro zone inflation rate eases slightly to 10% as surge in energy prices slows

Euro zone inflation eased in November, but the European Central Bank remains under pressure to deal with the recent record rise in prices.

cnbc.com

Europe's biggest buyer of bonds is starting to think about selling

The ECB is set to discuss and reveal more concrete details on how it will unwind 8.8 trillion euros ($9.21 trillion) from its balance sheet

cnbc.com

Europe's inflation likely hasn't peaked, ECB's Lagarde says

The head of the European Central Bank says she doesn't believe inflation has peaked after reaching the highest levels on record.

Whatever You Do, Don’t Mention the Interest Rate Pivot

Try not to get hung up on labels. Monetary policy is undergoing an important shift.

washingtonpost.com

ECB Drains the Punchbowl for Economy and Banks

Policy makers raised interest rates to curb inflation, but are trying to stop banks from taking a free ride on the increase.

washingtonpost.com

Watch Christine Lagarde speak after the ECB hikes rates once again

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

cnbc.com

Europe sees fastest pace of rate hikes since euro launched

The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation, moving at the fastest pace in the euro currency’s history.

Fears of a severe recession deepen as European business activity slows on surging energy costs

European firms have been under pressure due to higher inflation, particularly coming from energy costs and wage pressures.

cnbc.com

Fed's Powell urges broader regulation for stablecoins

Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation as they become more widely used by consumers.

Europe's outlook "darkening," ECB head hedges on recession

The head of the European Central Bank says the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power.

The ECB Hikes Big to Fight Inflation and Bets on Optimism

Despite clear weakness in the economy, the central bank forecasts surprising growth in the region.

washingtonpost.com

European Central Bank makes largest-ever interest rate hike

The European Central Bank has made its largest-ever interest rate increase to combat record inflation that is squeezing consumers and pushing the 19 countries that use the euro currency toward recession.

The ECB Hawks Should Beware of What They Wish For

An overly aggressive rate hike risks repeating the 2011 euro crisis.

washingtonpost.com

Lagarde, Putin, Biden and the Trouble With Drawing Red Lines

Part of being a leader is deterring adversaries from doing undesirable things. That comes with huge risks.

washingtonpost.com

The ECB’s Moves Make Sense, But Won’t Be Enough

Lagarde and her colleagues can’t do it all. The euro zone will be in serious trouble unless the EU’s leaders step up.

washingtonpost.com

Yellen downplays US recession as wave of economic data looms

Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.

European Central Bank action faces stiff early test as the economy teeters on the brink of recession

The European Central Bank toughened its anti-inflationary stance with a 50 basis point hike to interest rates on Thursday and announced a new anti-fragmentation tool.

cnbc.com

ECB’s Crisis Plan Fails to Convince Bond Traders

Italian bond spreads remain elevated after euro-area policy makers detailed their Transmission Protection Instrument.

washingtonpost.com

European Central Bank takes big step to address rising inflation fears

The ECB’s first rate increase in 11 years came after officials signaled for weeks that they intended to raise rates by just one-quarter of a percentage point.

washingtonpost.com

Europe's central bank backs larger-than-expected rate hike

The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount.

Italy political turmoil a headache for Europe's central bank

Italy's political turmoil is making life harder for the European Central Bank as it hikes interest rates and raising bad memories of the eurozone debt crisis a decade ago.

European Central Bank head targeted in hacking attempt

The European Central Bank says its president, Christine Lagarde, was targeted in a hacking attempt but no information was compromised.

The ECB Risks Downgrading Its Bond Bazooka to Peashooter

German intransigence could mean a summer of discontent for European debt markets.

washingtonpost.com

The ECB Needs a Formidable Tool Against Fragmentation

German intransigence could mean a summer of discontent for European debt markets.

washingtonpost.com

Truly Humbled to Be the Author of This Article

How to flaunt your modesty online, in three easy steps

theatlantic.com

Inflation Hits Record 8.6% For 19 Countries Using The Euro

Inflation in the countries that use the currency has been setting monthly records since last year, making life more expensive for 343 million people.

newsy.com

Inflation Hits Record 8.6% For 19 Countries Using The Euro

Inflation in the countries that use the currency has been setting monthly records since last year, making life more expensive for 343 million people.

www1.newsy.com

Inflation hits record 8.6% for 19 countries using the euro

Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine.

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

France and Spain experienced new inflation records in June with the latter surpassing the 10% threshold for the first time since 1985.

cnbc.com

The ECB Needs Positive Interest Rates Sooner Rather Than Later

Policy makers in the euro area need to accelerate their efforts to curb inflation.

washingtonpost.com

Powell: 'No guarantee' Fed can tame inflation, spare jobs

Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market.

European Central Bank member Holzmann says there's ample room to hike to cool surging inflation

A member of the European Central Bank told CNBC Wednesday that there's plenty of runway to hike interest rates, following the two planned raises for July and September.

cnbc.com

Europe's central bank ready to 'stamp out' surging inflation

The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected.

Lagarde plays down recession risks, says ECB is ready to 'move faster' on rates if needed

ECB Lagarde has played down fears of a recession in the euro zone.

cnbc.com

World shares mostly higher after wobbly day on Wall Street

Global stocks are mostly higher after a wobbly day on Wall Street as markets cooled off following a rare winning week.

EU leaders tackle inflation, energy shocks from Russia's war

European Union leaders are discussing their response to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises.

Why the ECB Needs New Tools for Bond ‘Fragmentation’

The European Central Bank has sought to stave off the danger of a sovereign-debt storm with the promise of a new tool to curb market stress after Italian bond yields breached 4% on June 14, the highest since the market turmoil of 2014. Investors are viewing the renewed push to tackle so-called fragmentation as evidence policy makers will fight to prevent borrowing costs in the union from diverging excessively. That’s a dynamic that threatened to rip the euro-zone apart during the crisis a decade

washingtonpost.com

European Central Bank to create new tool to address fragmentation risk after bond yields surge

The European Central Bank announced Wednesday it plans to create a new tool to tackle the risk of fragmentation in the euro zone.

cnbc.com

European Central Bank vows backstop against market turmoil

The European Central Bank has vowed to come up with a new, unspecified market backstop that could be used to buffer some countries against bond market turmoil similar to what shook the 19-country eurozone during a debt crisis more than a decade ago.

European Central Bank announces emergency meeting to discuss market rout

The ECB announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone.

cnbc.com

ECB Delay Presages Bigger Rate Increases in Coming Months

With euro-area inflation surging, policy makers risk falling even further behind the curve.

washingtonpost.com

Watch Christine Lagarde speak after the ECB ends its bond-buying program

European Central Bank President Christine Lagarde is giving a press conference after the bank's latest monetary policy decision.

cnbc.com

Europe's central bank to hike rates in July, 1st in 11 years

The European Central Bank will raise interest rates next month for the first time in 11 years, followed by another hike in September.

Asian shares mixed after rate jitters tumble on Wall Street

Shares are mostly lower in Asia, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes.

European Central Bank poised to signal July rate hike as inflation jumps to fresh record high

The European Central Bank on Thursday is expected to confirm its intention to raise interest rates next month.

cnbc.com

Central Bankers Don’t Know How to Tackle Inflation

Have the world’s monetary policy makers just been lucky at keeping prices stable in recent years?

washingtonpost.com

Euro zone inflation hits yet another record high as food and energy prices soar

Inflation came in at 8.1% for the month, hitting a record high for the seventh month in a row.

cnbc.com

Should Central Bankers Be This Clear About Interest Rates?

Traditionally taciturn officials are deploying a startling degree of candor about the direction of monetary policy. They would do well to consider the pitfalls.

washingtonpost.com

ECB Abandons Strategic Ambiguity on Rate Increases

Christine Lagarde’s hawkish pivot suggests weakness disguised as strength.

washingtonpost.com

European Central Bank chief signals possible July rate hike

The president of the European Central Bank has given the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation.

ECB rate hikes in July and September are likely a done deal, France's Villeroy says

It is probably a done deal that the European Central Bank will increase interest rates in July, a Governing Council member told CNBC Monday.

cnbc.com

Transcript: Christine Lagarde on "Face the Nation," April 24, 2022

The following is a transcript of an interview with Christine Lagarde, president of the European Central Bank, that aired Sunday, April 24, 2022, on "Face the Nation."

cbsnews.com

Asian shares decline after Fed chief's comments on inflation

Asian shares have mostly retreated, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation.

Powell reinforces expectations of sharp rate hike next month

The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May.

Watch Fed Chairman Jerome Powell speak live at IMF debate

Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.

cnbc.com

European Central Bank gives no clear date for rate hikes

The head of the European Central Bank says the bank would raise interest rates “some time after” ending its pandemic stimulus efforts later this year.

How the ECB Should Begin to Normalize Monetary Policy

The central bank needs some new tools to navigate the unique challenges that are likely to confront the euro-zone economy.

washingtonpost.com

European Central Bank head says she's positive for COVID-19

European Central Bank President Christine Lagarde has tweeted that she tested positive for COVID-19 and has mild symptoms but will continue working at home.

European Central Bank chief: No data suggests stagflation

The European Central Bank's president says no data currently suggests that Europe will fall into stagflation, which is a combination of high inflation, little or no economic growth and high unemployment.

Amid protests, Europe limited in curbing high energy prices

European governments are slashing fuel taxes and doling out tens of billions to help consumers, truckers, farmers and others cope with spiking energy prices made worse by Russia’s invasion of Ukraine.

ECB Stays the Course on Inflation as Hawks Prevail

The central bank is taking the risky step of curbing stimulus even as the outlook for growth dims.

washingtonpost.com

Watch Christine Lagarde speaking after the ECB's latest rate decision

European Central Bank President Christine Lagarde is giving a press conference after the bank's latest monetary policy decision.

cnbc.com

Europe's central bank to speed up end to economic stimulus

The European Central Bank says it will make an earlier exit from its economic stimulus program as it combats unexpectedly high inflation.

Asian shares mostly higher after Wall Street tech rally

Asian shares are mostly higher as investors try to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic.

Asian stocks follow Wall St higher after rebound

Asian stocks are higher after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate hikes.

Europe's central bank worried about inflation but holds off

The head of the European Central Bank says record inflation could linger for “longer than expected” and appeared to open the door at least a crack for an interest rate increase this year.

Inflation in 19 countries using the euro hits another record

Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row.

Climate, COVID, China: Takeaways from online Davos event

Government and business leaders have urged global cooperation on climate change, the coronavirus pandemic and the economic recovery at the World Economic Forum’s virtual gathering this week.

Eurogroup seeks path between high inflation, slower growth

Eurogroup finance chiefs are engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.

Europe's shared notes and coins turn 20 at New Year's

This New Year's the European Central Bank is celebrating the 20th anniversary of the euro's notes and coins.

UK raises interest rates as central banks focus on inflation

The United Kingdom’s central bank has become the first in a major advanced economy to raise interest rates since the coronavirus pandemic began.

European Central Bank to taper pandemic stimulus, but gently

The European Central Bank has decided not to abruptly pull back its pandemic support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the continent’s recovery.

Europe's central banker: Not adding to pinch with rate hike

The head of the European Central Bank is doubling down on the message that it's no time to raise interest rates.

European Central Bank keeps pandemic support going

The European Central Bank has decided to keep its pandemic stimulus efforts unchanged even as consumer prices spike and central banks in other parts of the world look to dial back support as their economies bounce back from the worst of the COVID-19 outbreak.

German central bank chief to step down after 10 years

The head of Germany’s central bank has announced that he will step down after a decade at the helm.

IMF head pledges renewed efforts to protect data integrity

The embattled head of the International Monetary Fund is pledging renewed efforts to bolster data integrity while focusing on the main job of helping countries recover from a devastating global pandemic.

IMF chief facing data-rigging allegations defends actions

The head of the International Monetary Fund says a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events.

Energy prices drive Europe inflation to highest since 2008

The European Union’s statistics agency says sharply higher oil and gas prices have helped push annual inflation in the 19 countries that use the euro to its highest in more than a decade.

European Central Bank won't overreact to fleeting inflation

European Central Bank head Christine Lagarde says Europe's monetary authority isn't about to “overreact” to temporary inflation by tightening policy.

Tech slide pulls S&P 500 down for its 5th straight loss

Stocks ended an up-and-down day lower on Wall Street, giving the S&P 500 its fifth consecutive loss and its first weekly decline after two weeks of gains.

Europe's central bank eases support, but it's not a taper

The European Central Bank says it is dialing back some of its massive emergency pandemic support for the economy.

ECB says low rates to stay until the job is done

Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target.

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