The Pandemic Financing Developing Countries Need
COVID-19 taught the world that establishing novel financial mechanisms in the midst of a pandemic is practically impossible. That is why multilateral development banks must
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What we must still learn about the great inflation disaster – The Financial Times
The Bank of England has failed. It has an inflation target of 2 per cent a year that it has not met. Over the three
Less work for the same pay won’t fly – but here’s a four-day week that might – The Guardian
According to CNN “4-day workweeks may be around the corner. A third of America’s companies are exploring them.” CNBC says: “This US company tested a
Money Market Funds, T-Bills, Large CDs, Small CDs: Americans Learn to Arbitrage the Higher-for-Longer Interest Rates – Wolf Street
It’s sort of an anniversary: Treasury bills of three months or shorter have been selling at auction with yields over 5% since mid-April 2023. And
What 60,000 Headlines Say About the Fed’s Next Move – WSJ
Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell. Bloomberg Economics’ Fed sentiment index — powered by
Week Ahead for FX, Bonds: Focus on Fed Decision, U.S. Jobs Data and Weak Japanese Yen – WSJ
The U.S. Federal Reserve’s monetary policy decision on Wednesday is likely to take center stage as expectations for interest-rate cuts continue to dim due to
How economists could make themselves more useful
I’m not about to argue that economists are useless. Nor will I argue that they should all be obviously useful. If some want to do
The Dream of Fed Rate Cuts Is Slipping Away – WSJ
Thursday’s report on economic activity delivered the latest in a series of rude awakenings to investors and Federal Reserve policymakers who have held their breath
U.K. Consumers Get Spring in Step as Confidence Mounts – WSJ
Consumer confidence ticked a little higher in the U.K. this month, suggesting Britons are feeling more well-off as real incomes rise. Research group GfK’s consumer
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations – CNBC
U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday. Gross