Ultra-low interest rates have made low-carbon projects like windmill farms more attractive than coal power plants. That will begin to change as the central bank lifts rates, hurting the green economy.
Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Although the economy added jobs for a 72nd month – the longest streak since WWII – growth remains sluggish. Two economists argue it’s up to lawmakers and the next president to pick up the slack.
Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
The Fed left interest rates unchanged but said improving economic data means it will likely lift them later this year. We asked two scholars – and ex-Fed officials – if it was the right call.
Just like apes, humans fear the unknown, and that’s why there’s so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Oz Shy, Massachusetts Institute of Technology (MIT)
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the ‘bigger’ picture.
There is more uncertainty in financial markets, an improving labour market in Australia (despite a monthly blip in January) and the US, but no sign of much growth.
Just as football coaches reconsidered when to opt for a two-point conversion after the NFL made a change, the Fed adjusts its decisions in line with an evolving economy.