Soaring bond yields, gaping deficits and towering debts: what could go wrong?
The rich world is flirting with fiscal disaster
We haven't written up this one. The Economist Finance has the full story — the link below goes straight to it.
What's breaking now, across thousands of outlets.
The rich world is flirting with fiscal disaster
We haven't written up this one. The Economist Finance has the full story — the link below goes straight to it.
The Saudi Central Bank has increased its repo and reverse repo rates by 25 basis points to support financial stability.
The US spent $9.5 billion on federal employee administrative leave last year, with use increasing by 435%. This was linked to a deferred resignation program, costing about $6.7 billion, aimed at…
The US Federal Reserve has raised its benchmark interest rate by 25 basis points, taking the federal funds target range to 3.75%-4%. It is the Fed's first rate hike since July 2023.
The Federal Reserve increased its key rate by a quarter of a percentage point, but mortgages and other consumer loans have already trended higher.
Adam Smith’s 1776 book, An Inquiry into the Nature and Causes of the Wealth of Nations, is often described in casual conversation (at least by noneconomists) as a manifesto for the benefits and power…