BUSINESS
The Federal Reserve must deliver two things this week
The first is a steadier hand on the policy wheel and the second is abandoning the 'only game in town' mindset
WORLD
Labour’s growth-oriented UK policies are promising
New Chancellor of the Exchequer Rachel Reeves is offering what is needed for an economy that for too long has lagged behind the Group of Seven
BUSINESS
Five key ways the Bank of England outperformed its peers
It’s not perfect, but the central bank has been better than others in terms of honesty, humility, and willingness to learn from its mistakes
BUSINESS
US Federal Reserve’s uniformity on rates comes with risks
The high-for-long mantra recently adopted by US central bank policymakers raises threats for the economy and financial stability
BUSINESS
American exceptionalism on display in the bond market
The divergence between key fixed-income benchmarks shows the US economy is on a healthier endogenous growth path compared with Europe
BUSINESS
A Fed held hostage by data is asking for trouble
An excessive focus on the numbers tips the balance of risks toward keeping interest rates too restrictive for too long, unduly increasing the probability of output loss, higher unemployment and financial instability
BUSINESS
Fed’s ‘last mile’ of inflation fight will be no cakewalk
Myriad economic variables add layers of complexity to the central bank’s efforts to vanquish accelerating prices
BUSINESS
What US Treasury volatility means for the economy
The volatility last week differed from that of 2022 and earlier this year because it was driven not by the policy-sensitive short end of the yield curve (such as the two-year Treasury) but by the longer-dated bonds
BUSINESS
Why we should pity the Bank of England
The UK central bank faces a more acute set of challenges compared with those confronting the ECB and the Fed
BUSINESS
Persistent UK inflation should worry everyone
Bank of England has no choice but to both raise interest rates and signal more hikes to come amid growing tensions in the mortgage market. Bringing down inflation in an orderly fashion besides interest-rate hikes need more responsiveness on the supply side, enhanced productivity, and improved provision of public services and safety nets
BUSINESS
JP Morgan, First Republic Bank and the curse of the second best
The solution to regional bank’s crisis raises more questions and concerns about the US financial system
BUSINESS
Why UK took a different approach than US on Silicon Valley Bank intervention
British policymakers have a stronger aversion to the twin risks of moral hazard and co-option of monetary policy by financial markets
WORLD
Davos meetings are full of potential but rarely full of solutions
The World Economic Forum is gathering again and the list of economic problems facing the world is long and getting longer
