Browsing Tag

Central banking

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem…

Azeem May 11, 2023

Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022.Stefani Reynolds | Afp | Getty ImagesSince the onset of Covid-19, labor shortages have plagued major economies and intensified…

Economy

After First Republic’s rescue, economists predict further pain with a ‘new era’ of…

Azeem May 3, 2023

Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in…

Economy

Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation

Azeem Apr 14, 2023

A sign for the European Central Bank (ECB) outside the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023.Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymakers are reconsidering the path of interest rate…

Economy

UK economy flat in February as strikes and inflation bite — and the IMF delivers reality check

Azeem Apr 13, 2023

LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity.Data on Thursday showed a steady GDP in February, missing consensus expectations of 0.1% growth. Both the…

Economy

It’s the U.S., not Europe’s banking system that’s a concern, top economists say

Azeem Mar 31, 2023

A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany,Bloomberg | Bloomberg | Getty ImagesEurope learned its lessons after the financial crisis and is…

Economy

European Central Bank raises rates by another 50 basis points despite market turmoil

Azeem Mar 16, 2023

European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision.Frederick Florin | Afp | Getty ImagesThe European Central Bank on Thursday announced a further rate hike of 50 basis points, despite turmoil in…

Economy

One of the best ways to figure out what the Fed will do next is to look at regional bank stocks

Azeem Mar 15, 2023

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee March 7, 2023 in Washington, DC.Win Mcnamee | Getty ImagesMarkets have changed their mind — again — about what they think the Federal Reserve will do next…

Economy

Something broke, but the Fed is still expected to go through with rate hikes

Azeem Mar 14, 2023

Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Semiannual Monetary Policy Report to the Congress, in Hart Building on Tuesday, March 7, 2023.Tom Williams |…

Economy

OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger

Azeem Feb 24, 2023

People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty ImagesOECD Secretary-General Mathias Cormann said the global economic outlook is "slightly brighter"…

Economy

U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says

Azeem Feb 14, 2023

U.S. inflation is likely to be "far stickier" and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.Wall Street is gearing up for key inflation data later Tuesday, when the Labor Department…

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