Fed hikes rates, inflation persists
8m
The Federal Reserve raised its benchmark interest rate by 0.25 percentage point, its first increase since 2023, the Fed said, citing persistent inflation and prompting mixed Asian-market reactions.
Lemme platypus-splain:
www.youtube.com/watch?v=cLMJ...
Lemme platypus-splain:
www.youtube.com/watch?v=cLMJ...
In a 6–3 vote by its Monetary Policy Committee, the Bank held interest rates steady at 3.75%.
With the Bank of Japan expected to hike tomorrow, and both the ...
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In a 6–3 vote by its Monetary Policy Committee, the Bank held interest rates steady at 3.75%.
With the Bank of Japan expected to hike tomorrow, and both the ...
1 of 2
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
Full coverage: www.nytimes.com/live/2026/09...
#EconSky
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.
by Mohamed A. El‐Erian Reposted by Steve Peers
Perhaps most surprising, however,...
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Perhaps most surprising, however,...
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by Elizabeth Warren Reposted by Juan Cole, Alan Richardson
by Andrew Watt
(via Bianco)
www.nytimes.com/live/2026/09...
www.nytimes.com/live/2026/09...
Reposted by Andrew Watt, David Darmofal
(via Bianco)
(via Bianco)
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.
Reposted by Elizabeth Warren, Juan Cole, Alan Richardson
Reposted by Francesco Saraceno
Reposted by David Darmofal
apnews.com/article/fede...
apnews.com/article/fede...