Financial markets are in chaos. What next for the real economy?
Everyone is watching America
The federal reserve began raising interest rates to battle inflation in America a full six months ago. But its determination to crush surging prices, whatever the cost to the economy, is only now starting to sink in. The central bank’s latest policy meeting, which ended on September 21st, has been followed by dramatic moves in financial markets across the world. The economic consequences will be a little slower in coming, but no weaker for it.
This article appeared in the Finance & economics section of the print edition under the headline “The chill spreads”
Finance & economics October 1st 2022
- Financial markets are in chaos. What next for the real economy?
- Global rate rises are happening on an unprecedented scale
- Japan’s monetary policymakers are sticking to their guns
- The world enters a new era: Bail-outs for everyone!
- Investment banks are sharpening the axe
- Economists now accept exchange-rate intervention can work
From the October 1st 2022 edition
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