US government budget deficit increased in November – CNN
The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid increased spending and falling
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UK Wages Jump at Strongest Pace on Record Outside Pandemic – Bloomberg
UK wages are rising faster than at almost any time in at least two decades, maintaining pressure on the Bank of England to keep hiking
How good is ChatGPT? – The Economist
One morning your correspondent woke up to an email from his editor, asking for yet another article. “ChatGPT and other generative-AI services seem to be
Global Food Prices to Remain Elevated Amid War, Costly Energy
Food prices, which reached a record earlier this year, have increased food insecurity and raised social tensions. They have also strained the budgets of governments
New Front in ECB’s Inflation Battle to Bring Bargaining on Rates – Bloomberg
The opening of a new front in the European Central Bank’s fight with runaway inflation will bring with it bargaining over the path for interest
Investors Grow More Confident Fed Will Pull Off a Soft Landing – WSJ
A few months ago, Wall Street rebuffed the idea that the Federal Reserve would be able to pull off a soft landing. Now, a growing
Europe and America put a brave face on a growing economic rift – The Economist
A useful contrarian indicator for gauging the substance of international talks is whether negotiators talk about concrete. The more they do, the less they tend
The Fed will raise rates again. But it’s playing with fire – CNN
The Federal Reserve is all but guaranteed to announce Wednesday that it will once again raise interest rates. But investors are hopeful it will be
Investors withdraw record levels of coins from crypto exchanges – The Financial Times
Investors are pulling record levels of bitcoin from crypto exchanges as the collapse of Sam Bankman-Fried’s FTX stirs fears over the safety of their assets.
Ending the Austerity Pandemic
A wave of austerity is building as governments return to the tried-and-failed belt-tightening policies of the past, rather than exploring alternative means of creating fiscal