The Federal Reserve is far from the only central bank lifting rates in big steps. The European Central Bank on Thursday is expected to make its second consecutive jumbo sized Read more
Tag: euro zone
Opinion: Biden is undermining Powell’s efforts to curb inflation
Appropriating language from Paul Volcker, Federal Reserve Chairman Jerome Powell has pledged to “keep at it” and risk a recession to conquer inflation. In varying measure, central bankers in other Western industrialized countries, save Japan, are Read more
The top 25 market events of the last 25 years
On an October morning 25 years ago, MarketWatch started providing real-time news and market data to the general public on the internet. Individuals were fleeing their stockbrokers for new online Read more
ECB’s Lagarde calls for more international ‘cooperation’ in tackling inflation
European Central Bank President Christine Lagarde criticized the fiscal policies of some European countries as counterproductive to the fight against inflation during an interview at the Institute of International Finance’s Read more
How the new tools of monetary policy and the rise of China changed markets
We are marking MarketWatch’s 25th anniversary by looking at the 25 biggest financial market events and developments we have covered. In the early years, we recounted five big events and Read more
Opinion: Central banks want to fight inflation, but they still need to keep the financial system functioning. The two goals may be conflicting.
After two years of quantitative easing, central banks have begun to shrink their balance sheets, and liquidity seems to have vanished in the space of just a few months—revealing acute Read more
Opinion: The Fed must act tough now to restore the credibility that it lost in a moment of weakness
CAMBRIDGE, England (Project Syndicate)—Financial markets’ reaction to the Federal Reserve’s latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed Read more
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that central Read more
Opinion: Looking for a cheap retirement spot? Europe is a good deal for Americans
I’m currently visiting London, and thanks to the turmoil on the foreign exchange markets I feel about as rich as Rockefeller. The British pound, which in 2007 cost $2.11, is Read more
Eurozone unemployment rate stabilized in August
The eurozone unemployment rate stabilized in August, a sign of a resilient labor market even as an economic recession looms. The eurozone jobless rate remained unchanged at 6.6% in August, Read more