Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.Source:...
The risks of the US and Europe sliding into recession have picked up sharply, economists have warned ahead of the G7 summit that begins this weekend in Bavaria.Source: Financial Times
24/06/2022
While global attention is focused on the economic impact of coronavirus lockdowns in Shanghai and Beijing, the slump in China’s housing market is likely to have even more profound implications.Source...
23/06/2022
A world economy already contending with raging inflation, stock-market turmoil and a grueling war is facing yet another threat: the unraveling of a massive housing boom.Source: Bloomberg
22/06/2022
Bank of Korea Governor Rhee Chang-yong kept the door open for a larger-than-usual interest-rate hike as he emphasized the importance of prioritizing the combat against inflation.Source: Bloomberg
21/06/2022
Treasury Secretary Janet Yellen said that “unacceptably high” prices are likely to stick with consumers through 2022 and that she expects the US economy to slow down.Source: Bloomberg
20/06/2022
Shares in Asia followed Wall Street lower after the UK and Switzerland raised interest rates, adding to concerns that tighter monetary policies from central banks could undercut a global economic...
17/06/2022
The Federal Reserve raised its benchmark policy rate by 0.75 percentage points and said another adjustment of that size was possible at its next meeting, part of an aggressive plan to tighten...
16/06/2022
Even after central banks recognized they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, threatening greater damage to their credibility, roiling markets...
15/06/2022
Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain...
14/06/2022