Fed Raises Interest Rates Again

Financial Times: Jay Powell refuses to rule out US recession after third 0.75 percentage point rate rise Article published: 21 September,  2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation, economic growth, recession) High inflation - Central Bank responds Inflation in the US is still so high that their central bank (the Fed) has [...]

By |2022-09-30T09:48:40+00:00September 30th, 2022|Macro|Comments Off on Fed Raises Interest Rates Again

When Rising Unemployment Is Good News

CNN: Yes, the unemployment rate rose. Here's why that's good news Article published: 2 September,  2022 IB Economics syllabus: Macroeconomics (unemployment) Unemployment up in the US Even though unemployment rose in August from 3.5% to 3.7%, this is actually good news for the US economy. The reason is simple: unemployment below 4% in America [...]

By |2022-09-12T08:35:38+00:00September 12th, 2022|Macro|Comments Off on When Rising Unemployment Is Good News

Inflation Above 80% in Turkey

Reuters: Turkey's inflation hits new 24-year high beyond 80% Article published: 5 September,  2022 IB Economics syllabus: Macroeconomics (inflation, expansionary monetary policy) Inflation is insane in Turkey Last time I wrote about Turkey in January, I was reviewing an article which was about inflation climbing above 20% in the country. Even back then it [...]

By |2022-09-08T13:31:09+00:00September 8th, 2022|Macro|Comments Off on Inflation Above 80% in Turkey

Largest Fed Rate Increase In 28 Years

CNN: Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994 Article published: 15 June,  2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation) Inflation soars, central bank responds The US central bank (the Fed) has increased its benchmark interest rate by 0.75%, which is the largest rate hike [...]

By |2022-07-05T08:31:01+00:00July 5th, 2022|Macro|Comments Off on Largest Fed Rate Increase In 28 Years

Sri Lanka’s Government in Default

Financial Times: Crisis-hit Sri Lanka braces for debt default as dollars run out Article published: 18 May,  2022 IB Economics syllabus: Macroeconomics (national debt, default, economic crisis) Defaulting on national debt When a country's government fails to repay the interest on outstanding national debt on time, it is considered to be in default. This [...]

By |2022-05-19T07:57:51+00:00May 19th, 2022|Macro|Comments Off on Sri Lanka’s Government in Default
Go to Top