Fed hike rattles Asian markets
6m
The U.S. Federal Reserve raised interest rates, and Asian markets traded unevenly with Treasury yields little changed as investors weighed the policy shift.
Lemme platypus-splain:
www.youtube.com/watch?v=cLMJ...
Lemme platypus-splain:
www.youtube.com/watch?v=cLMJ...
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
For years I've argued that this assumption misunderstands the structure of China's financial system. In China, credit expansion and repressed interest rates don't boost demand and prices. On the contrary, they boost supply, and so are disinflationary and tend to worsen the demand imbalances.
For years I've argued that this assumption misunderstands the structure of China's financial system. In China, credit expansion and repressed interest rates don't boost demand and prices. On the contrary, they boost supply, and so are disinflationary and tend to worsen the demand imbalances.
by Mohamed A. El‐Erian Reposted by Steve Peers
Perhaps most surprising, however,...
1 of 2
Perhaps most surprising, however,...
1 of 2
Reposted by Daniel W. Drezner, Richard Moorhead, Ann Bartow
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
WASHINGTON (AP) - Federal Reserve hikes key interest rate for 1st time in 3 years, defying Trump's demand for cut.
"When China’s economy slows, its central bank reaches for a familiar remedy: make lending cheaper and easier so businesses invest, households spend, and demand picks up. In most economies, that stimulus eventually pushes prices higher."
scceichinabriefs.substack.com/p/chinas-fin...
"When China’s economy slows, its central bank reaches for a familiar remedy: make lending cheaper and easier so businesses invest, households spend, and demand picks up. In most economies, that stimulus eventually pushes prices higher."
scceichinabriefs.substack.com/p/chinas-fin...
by Elizabeth Warren Reposted by Juan Cole, Alan Richardson
www.nytimes.com/live/2026/09...
www.nytimes.com/live/2026/09...
Reposted by Elizabeth Warren, Juan Cole, Alan Richardson
It is striking to see the market pricing in a 90% (yes 90%) probability of a rate hike today despite mixed economic data, uneven demand-side indicators, a delicate supply-side balance, a relatively dovish tone from several senior FOMC members, and a Chair intent on ...
It is striking to see the market pricing in a 90% (yes 90%) probability of a rate hike today despite mixed economic data, uneven demand-side indicators, a delicate supply-side balance, a relatively dovish tone from several senior FOMC members, and a Chair intent on ...
It is equally interesting to see how eagerly some market participants await the updated rate "dots," even as momentum builds against the current approach to forward guidance.
All this underscores just how difficult it is to evolve a Fed–market paradigm...
It is equally interesting to see how eagerly some market participants await the updated rate "dots," even as momentum builds against the current approach to forward guidance.
All this underscores just how difficult it is to evolve a Fed–market paradigm...
Reposted by David Darmofal
apnews.com/article/fede...
apnews.com/article/fede...
Reposted by David Darmofal
by Tim Stephens
Actually other countries are carrying the US thanks to its incredible level of government debt
www.smh.com.au/world/north-...
Actually other countries are carrying the US thanks to its incredible level of government debt
www.smh.com.au/world/north-...
www.wsj.com/livecoverage...
www.wsj.com/livecoverage...