America’s borrowing binge has long been viewed as sustainable because of historically low interest rates. But as rates rise, the nation’s fiscal woes are getting worse.
Tag: Inflation (Economics)
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Economists Nervously Eye the Bank of England’s Market Rescue
The Bank of England stepped in to save a critical market this week. Economists say it was necessary but also worry about the precedent.
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Stocks Rise Strongly for a Second Day
The rally brings some relief to Wall Street at the beginning of October, after the previous months ended on a sour note, capping a long streak of losses.
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The All Too Real Risk of a Global Recession
We now find ourselves in the midst of the most comprehensive tightening of monetary policy the world has seen.
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Businesses Brace for Currency Chaos in Asia
A 1997 financial catastrophe casts a long shadow in countries that are seeing the value of their money plunge to record lows.