Font size Shoppers search for eggs at an open-air market in Rio de Janeiro, Brazil. Although Brazil’s central bank has been engaged in an aggressive tightening campaign for months, the country’s inflation rate was still 11.3% in March. Mary Magdalene Arrellaga/Bloomberg About the Authors: Indermit Gill is the World Bank’s Vice President for Equitable Growth, … Read more
Font size The European Central Bank is working on a program to tackle “financial fragmentation”. Markets will want to read the fine print, writes Silvia Merler. Daniel Roland/AFP via Getty Images About the author: Silvia Merler is Head of ESG and Policy Research at Algebris Investments and Adjunct Lecturer in Economics of Global Markets at … Read more
Stock Markets Today: Ukraine, EU, Powell, Fed, Soft Landing, UK, Consumer, TaxBloombergSee full coverage on Google News
The US stock market continues its treacherous year, with the S&P 500 falling more than 20% so far and the Nasdaq Composite Index falling 28% on June 22. The sharp fall in stock prices was caused by raising interest rates and shrinking its balance sheet in an attempt to slow inflation. In addition, the economy … Read more
El-Erian: ‘It’s Uncomfortably Possible’ The Fed Is Pushing The Economy Into RecessionYahoo Finance
LIVE: Powell Testifies Before Congress on the Economy and How the Fed Plans to Fight Inflation – 6/23/22CNBC Television Elizabeth Warren to Fed Chair Jerome Powell: ‘Don’t drive this economy off a cliff’CNN Fed officials begin to embrace the possibility of a recessionYahoo Finance The reality is higher rates Slow growthReal vision Jerome Powell gets … Read more
Updated at 7:47 AM EST US stock futures rose higher on Thursday as oil prices and government bond yields resumed their recent declines as investors heeded the warning from Federal Reserve Chairman Jerome Powell that a near-term recession in the world’s largest economy is possible. Speaking before the Senate Banking Committee on Capitol Hill yesterday, … Read more
LIVE: Fed Chair Jerome Powell Testifies Before Senate Banking Committee on Monetary Policy – 6/22/22CNBC Television Powell tells Congress the Fed is ‘strongly committed’ to curbing inflationCNBC Wall St opens lower, Powell’s Congressional testimony in focus By ReutersInvesting.com Dow Jones falls as Fed chief Powell minimizes recession risksInvestor’s Business Daily Live: Fed Chair Powell Testifies … Read more
Forbes on the economy: the clouds are getting darkerFox Business Steve Forbes: This should be the Fed’s next moveFox Business See full coverage on Google News
President Biden’s US bailout is arguably his most significant legislative achievement in his first year and a half in office. But the sweeping $1.9 trillion COVID-19 relief bill is also at the center of a debate over raging inflation, with Republicans pointing the finger at Biden and his policies. The White House insists the bill … Read more