Today’s Economist: Dispatch From Europe: Learning, or Not, From Policy Mistakes
Jared Bernstein is a senior fellow at the Center on Budget and Policy Priorities in Washington and a former chief economist to Vice President Joseph R. Biden Jr. In contemplating American political...
View ArticleI.M.F. Cuts Global Growth Forecast
In its mid-year health check of the world economy, the Washington-based lender also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers...
View ArticleWall Street Edges Down as Investors Take Breather From Rally
The SP 500 has risen for five of the past six weeks, gaining more than 7 percent over that period. The index closed at an all-time high on Friday despite a disappointing read on the labor market, which...
View ArticleStocks Fall as Traders Prepare for Fed Moves
Stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that...
View ArticleEuro Zone Economy Shows Further Signs of Growth
A survey of purchasing managers conducted this month by Markit Economics, a data and analysis firm in London, pointed to a broad, though tentative, recovery in the 17 nations of the euro zone. Markit’s...
View ArticleCarney Says Rates Pressure Might Trigger More Stimulus
In his first policy speech since taking over the bank, Mark Carney also announced a relaxation of rules for banks which could boost lending and help Britain’s “solid but not stellar” emergence from its...
View ArticleMarkets Lower in Wake of Jobs Numbers
U.S. stocks had a mixed close after volatile trading on Friday, after job market data removed some uncertainty about Federal Reserve policy and after Russian President Vladimir Putin said he would...
View ArticleWall Street Lackluster at the Open
Stocks on Wall Street opened broadly unchanged on Thursday after a seven-day winning streak and a jobless claims report that provided little insight into the Federal Reserve’s decisions about stimulus...
View ArticleSlowdowns in Emerging Markets, Well Ahead of Any Fed Action
JAKARTA — Higher long-term interest rates in the United States as the Federal Reserve signaled it might change its policies were already causing hardship for millions of businesses and workers in...
View ArticleStrong Chinese Manufacturing Data Points to Turnaround
HSBC’s manufacturing purchasing managers index — a survey that takes the temperature of China’s important factory sector — rose to 51.2 in September, from 50.1, topping analysts’ expectations. The...
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