The United States is embarking on a new chapter in its economy with the Federal Reserve raising its benchmark interest rate. In July 2023, the federal funds effective rate surpassed 5%, marking a significant shift after four decades. Economists predict that as interest rates continue to rise, financial conditions will return to a more normal …
Dollar, yuan, yen, and euro notes. Ullstein Bild Dtl. | Ullstein Bild | Getty Images From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week demonstrated diverse approaches to monetary policy. The European Central Bank (ECB) surprised markets by hiking rates and unveiling a worsening inflation outlook, leading investors …
The German economy has officially entered a recession in the first quarter, signaling troubling times ahead for the euro zone. Official revised estimates from Eurostat, the region’s statistics office, reveal that the euro zone reported a gross domestic product (GDP) decline of 0.1% in Q1. This downward revision came after Germany and Ireland also cut …