A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, on Monday, Jan. 3, 2022. Michael Nagle | Bloomberg | Getty Images The stock market may not literally be the economy, but the distinction between the two is getting increasingly harder to draw. With household […]
Economy
Text size Jerome Powell is in a tough spot. A wrong move, says one observer, could make him “the next Arthur Burns,” a Fed boss who let inflation hit double digits. Stefani Reynolds/AFP/Getty Images April did live up to T.S. Eliot’s description as the cruelest month, at least in the […]
“She’s well-trusted in the government and by the president,” said Sofya Donets, an economist at Renaissance Capital in Moscow who worked at the central bank from 2007 to 2019. In recent years, it was quite evident that all kinds of policy questions in the financial sphere were delegated to the […]
Investors have been forced to rethink nearly all of their assumptions in the past two years. In this unusually tumultuous span, the world has seen a deadly pandemic, the quickest global economic recession and rebound in memory, unprecedented monetary- and fiscal-policy contortions, supply-chain disarray, armed conflict in Europe with nuclear […]
By Nneka Henry and Namita Shah There was a global sigh of relief, especially among parents and caregivers, when reports began to confirm that children and youth were relatively safe from the virus causing the ongoing coronavirus pandemic. Hidden behind by the headlines on COVID-19, however, are devastating statistics on […]
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CBank hikes rates by 700 bps Sri Lanka beset by crippling economic crisis Finance minister seeks debt moratorium, financial aid COLOMBO, April 8 (Reuters) – Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared […]