The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
Category: Government Bonds
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At Jackson Hole, Powell Faces a Changed Economy and Market
Jerome Powell, the Federal Reserve chair, warned in 2022 that the central bank might hurt the economy to cool inflation. This year, things look less dire.
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China Central Bank Cuts Key Interest Rate on Bank Lending
The action by the People’s Bank of China, the central bank, the latest in a series of steps to try to spur lending, was more modest than expected.
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Interest Rate Jitters Sink the Giants of Tech
Apple, Nvidia, Tesla and Microsoft are among the giants that have tumbled by at least 10 percent in the past month after powering a market rally earlier this year.
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U.S. Mortgage Rate Jumps to Highest Level Since 2002
The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
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Inflation Picks Up, but Details Under the Surface Are Encouraging
Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.
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Why ‘Soft Landing’ Optimists Shouldn’t Celebrate Just Yet
Despite a barrage of interest-rate increases, the economy is faring better than many on Wall Street had imagined. But the wild card of inflation still looms.
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Bank of Japan Edges Toward Letting Rates Rise
Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.
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The Yield Curve Is Flashing a Recession Warning. Some Wonder if it’s Wrong.
The yield curve began suggesting last year that the economy was headed for a slump.
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Fed Rate Increases Hinge on Strength of Jobs and Economy
How much more the Federal Reserve raises interest rates this year will hinge on the strength of the economy — particularly the labor market.