A Fine Economic Mess in the United Kingdom

Leonardo Rasaki

Stocks in the U.S. fell again on Monday, dragging the Dow Jones Industrial Average into bear-market territory—since hitting a peak early this year, it has now fallen more than twenty per cent. The Federal Reserve’s determination to stamp out inflation by raising interest rates is spooking investors, and so is […]

Fed’s Powell to America: Brace yourself for more pain ahead

Leonardo Rasaki

“We have always understood that restoring price stability while achieving a relatively modest increase in unemployment and a soft landing would be very challenging,” Powell said. The latest rate hike comes just weeks before the midterm elections, and while the central bank has generally maintained political support for the moves, […]