Why the Dollar-based International System Is Breaking Up

Why the Dollar-based International System Is Breaking Up

The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing...

Janet Yellen: Keynesian Egghead

“Old soldiers never die,” said Gen. Douglas MacArthur in his long-ago farewell address of April...

It’s the U.S., Not Europe’s Banking System That’s a Concern, Top Economists Say

“We’re still fighting inflation, but, at the same time, we’re fighting these uncertainties in the...

Fed Officials See More Work on Inflation Despite Bank Strains

Federal Reserve officials continued to stress the need to lower inflation even as they keep...

IMF Needs Billions From Rich Nations to Help Poorest Countries

The International Monetary Fund is calling on its wealthier member nations to contribute to a...

Fed’s Emergency Loans to Banks Fall in Sign of Easing Turmoil

Banks reduced their borrowings from two Federal Reserve backstop lending facilities in the most recent...

Bank of Japan Raises Maximum Amount of Bond Purchases for Next Quarter

The Bank of Japan (BOJ) on Friday raised the maximum size of its planned Japanese...

Global Dealmaking Sinks to Lowest Level in Over a Decade

Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a...

Fed's Favorite Inflation Signal Slows As Savings Rate Hits 1-Year High

The Fed’s favorite inflation indicator – Core PCE Deflator – was expected to remain ‘sticky’...

ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard

A meeting between ASEAN Finance Ministers and Central Bank Governors discussed the move to settle...

First Quarter ‘Dash for Cash’ Largest Since Early 2020 -BofA

Investors moved $508 billion into cash in the first quarter of this year, the largest...

Pozsar's Warning Of Dollar's Waning Sway Comes True

In a quick succession this week, Beijing unveiled ground-breaking deals to further its efforts to...

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