PODCAST: What the IRS’s Plan to Hire 87,000 Workers Means for Taxpayers
Now that the Inflation Reduction Act has become law, the IRS will get $80 billion in additional funding over the next decade. WSJ tax reporter
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A Fork in the Road for Development Financing
A majority of developing countries are facing debt distress, and their financing problems are sure to grow worse as global financial conditions continue to tighten.
Central Banks Won’t Spark Major Economy Recessions, Goldman Says – Bloomberg
Major economies won’t fall into monetary policy-driven recessions over the next year, Goldman Sachs Group Inc. said, citing early interest-rate hikers to buttress its view.
Does unemployment really have to rise to bring down inflation? – The Economist
Rarely in america’s past has an inflation rate of 8.5% felt so good. In July, for the first time since May 2020, consumer prices did
Droughts Hurt World’s Largest Economie – WSJ
Severe droughts across the Northern Hemisphere—stretching from the farms of California to waterways in Europe and China—are further snarling supply chains and driving up the
Powell Has Chance to Reset Market Expectations at Jackson Hole – Bloomberg
Federal Reserve Chair Jerome Powell will have a chance — if he wants to take it — to reset expectations in financial markets when central
FTX grew revenue 1,000% during the crypto craze, leaked financials show – CNBC
FTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to
Public Sector Must Play Major Role in Catalyzing Private Climate Finance
Climate change is one of the most critical macroeconomic and financial policy challenges that IMF members face in coming decades. The recent spikes in the
UK Outlook Dims With Consumers Paying More to Buy Less in Shops – Bloomberg
Britain’s surging inflation rate is forcing consumers to pay more for the same amount of goods, underscoring a dimming outlook for the economy. Retail sales
Worker Filings for Jobless Claims Held Nearly Steady Last Week – WSJ
New applications for unemployment benefits inched down last week, a sign the labor market is holding up as the broader economy shows signs of slowing.