The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
Tag: Federal Reserve System
The Big Economic Question
It is not whether the U.S. is in a recession. It’s whether the economy will soon worsen.
Global Central Banks Ramp Up Inflation Fight
Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.
Stocks edge lower as Fed decision looms over markets.
The S&P 500 closed in bear market territory on Monday, down 22 percent from its Jan 3. peak.
Afghans Urge Court Not to Give Frozen Central Bank Assets to Sept. 11 Families
Advocates for the Afghan people say it would be unjust and illegal to use $3.5 billion of Afghanistan’s assets to pay off the Taliban’s judgment debts.
As Fed Prepares to Raise Rates, Global Economy Sinks Deeper Into Turmoil
Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.
A Key Inflation Gauge Is Still Rising, and War Could Make It Worse
The Federal Reserve’s preferred measure is at a four-decade high. Rising gas prices tied to Russia’s invasion of Ukraine could push it up further.
Federal Reserve Isn’t Likely to Change Course After Ukraine Invasion
Central bankers are poised to raise interest rates in March. The Russian invasion of Ukraine poses a risk to economic growth but will likely exacerbate inflation.
Biden’s Decision on Frozen Funds Stokes Anger Among Afghans
“It is a cruel act and a betrayal,” one shopkeeper said of the White House’s move, which could effectively bankrupt the Afghan central bank.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.