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Euros & Dollars: Lower Interest Rates Are Coming
The Federal Reserve is not eager to cut interest rates, but when they get around to it, they will have to pursue two policy goals at the same time—and one goal excludes the other.
The Federal Reserve is not eager to cut interest rates, but when they get around to it, they will have to pursue two policy goals at the same time—and one goal excludes the other.
The Federal Reserve has decided to keep its policy-making federal funds rate unchanged for now.
The Federal Reserve meets on Wednesday. Here is why they won’t increase the interest rate.
With two months left in 2023, the Federal Reserve and the ECB have struck a note of confidence with debt-market investors. This gives Europe hope as they slide into a recession, but will it help America avoid a fiscal crisis?
The U.S. debt keeps growing, and nobody seems to want to stop its growth. But what does the debt actually look like? Who owns it, and what are its components?
In the world of public finance, we call this ‘rocketing your country into a fiscal crisis.’
U.S. unemployment is rising, but this does not mean a recession is coming. Immigration is causing a recession mirage.
The U.S. government has suffered its second credit downgrade. Given the reaction from the Biden administration, we can safely predict: this is only the beginning.
The Bank of England anticipates that economic policy will successfully reduce inflation by half in the British economy before the end of this year.
Good news! America has avoided a recession. But the Federal Reserve can still make one happen.