Governor Andrew Bailey said "more persistent" inflation spurred England to boost interest rates. Analysts expect more increases in 2022.

The U.S. central bank accelerates the taper of its bond-buying and signals it will raise rates three times in 2022.

As LIBOR winds down, one derivatives trader worries its replacement will do a poor job hedging risks in turbulent times: "For somebody who wants to hedge their borrowing costs, [SOFR] leaves a lot to be desired."

Ready or not, businesses must transition financial contracts away from the benchmark rate. Here's an update on what to expect.

The U.S. Congress agrees to a solution for the LIBOR crisis, which would automatically transition contracts to a new benchmark.

Morgan Stanley and other investment firms seem far more focused on Fed actions than the emergence of new Covid-19 variants.

The value of goods exports rose 8.1%, while the value of imports rose only 0.9%, for a U.S. trade deficit of approximately $67 billion in October.

Next up before year-end: considering the president's $2 trillion economic agenda and again lifting the federal debt ceiling.