In its fight against inflation, the Federal Reserve has contributed to the bank failures and economic instability that it is now trying to fix, our columnist says.
Category: Interest Rates
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Has Bitcoin Benefited From the Banking Crisis? Not in the Way Its Fans Hoped.
The New York Times – Business:Bitcoin’s price has soared since banks failed this month, but there’s little evidence that the surge is being driven by investors treating the virtual currency as a financial alternative.
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After Doling Out Huge Loans, China Is Now Bailing Out Countries
The New York Times – Business:Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
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Global Economy May Be in a ‘Lost Decade,’ World Bank Warns
The New York Times – Business:Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.
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As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
The New York Times – Business:Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.
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Bond Trading May Be Sending a Recession Warning
The New York Times – Business:Wild swings in the Treasury market are unlike anything many investors today had seen. They’re also potentially warning of a recession.
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The Fed Has Targeted 2% Inflation. Should It Aim Higher?
The New York Times – Business:After raising interest rates again, the Federal Reserve will soon have to consider how much pain it is willing to inflict in its fight against inflation, our columnist says.
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Banks Are Borrowing More From the Fed: What to Know
The New York Times – Business:As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
The New York Times – Business:Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
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Stocks Climb as Wall St. Weighs Fed’s Future Moves
The New York Times – Business:Investors remain preoccupied with the health of banks as interest rates rise, putting balance sheets under pressure.
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Stocks Climb as Wall St. Weighs Fed’s Future Moves
The New York Times – Business:Investors remain preoccupied with the health of banks as interest rates rise, putting balance sheets under pressure.
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Double-Barreled Economic Threat Puts Congress on Edge
The New York Times – Business:Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.