Central banks’ battle with inflation enters a new phase of ‘pain’ – The Financial Times
Global central banks are entering a new phase in their battle with inflation as economists warn that recessions will be the price of achieving shared...
Category : News En
The World’s Empty Office Buildings Have Become a Debt Time Bomb – Bloomberg
In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords...
Interest rates: Bank of England boss denies wanting recession as rates rise – BBC News
The Bank of England boss has denied trying to create an economic slump after it put up interest rates by more than expected to slow...
Crypto shows we shouldn’t venerate ‘innovation’ for its own sake – The Financial Times
Big Crypto is in the midst of a big reckoning. Following a series of spectacular crashes and implosions last year, two of the most powerful...
French Economy Probably Saw 0.5% Contraction in Second Quarter – Bloomberg
The French economy probably slumped in the three months through June, with purchasing manager indexes suggesting a 0.5% contraction from the previous quarter....
UK government debt rises above 100% of GDP for first time since 1961 – The Guardian
The UK’s total government debt pile in May reached more than 100% of annual national income for the first time since 1961 as state borrowing...
Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary – WSJ
Federal Reserve Chairman Jerome Powell said the central bank was likely to raise interest rates in the coming months but more slowly than previously. Fed officials...
BOE Hike Seen as Certain After Inflation Shock: Decision Guide – Bloomberg
Britain’s red-hot inflation may force the Bank of England to step up the pace of its interest rate rises again on Thursday against a backdrop...
Women are seeing historic labor market gains. AI could disrupt that – CNN
More prime working age women are employed in the United States now than ever before. The labor force participation rate for women between 25 and...
Forget the Fed, and Focus on the Economy – WSJ
It’s easy to get caught up in whether the Federal Reserve will raise rates 0.25 or 0.5 percentage point (probably the latter) or whether it...