Summers Sees Higher US Long-Term Treasury Yields Over Time bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Former US Treasury Secretary Lawrence Summers said he sees higher long-term interest rates over time.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsModi’s Magic Is Fading Fast. Who’s Next for India?BlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSEBonds Rally as Traders Reload Fed Bets After Data: Markets Wrap“Markets should be getting used to rates in current ranges
The world skirted a wage-price spiral, though "last mile" risks remain -research hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
For the U.S. in particular, increased productivity and the drop in inflation so far "might even require no increase in unemployment" for a return to the Federal Reserve's 2% target, former Federal Reserve Chairman Ben Bernanke and former International Monetary Fund Chief Economist Olivier Blanchard wrote in a new paper published Thursday by the Peterson Institute for International Economics, where Blanchard serves as a senior fellow. For other countries whose job markets are adjusting in different ways than the U.S., "navigating the last mile (of inflation control) may require accepting an increase in unemployment, at least for some time."
The World Skirted a Wage-Price Spiral, Though 'Last Mile' Risks Remain -Research usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.