Volcker Fed News Today

Is a Volcker-like series of rate hikes in the cards?

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

The Wall Street Journal reported moments ago: In an extraordinary weekend intervention, the Fed announced the most dramatic expansion yet of its lending, promising to lend for up to six months to securities dealers under terms normally reserved only for tightly regulated banks.

The Great Inflation was the defining macroeconomic period of the second half of the twentieth century. Lasting from 1965 to 1982, it led economists to rethink the policies of the Fed and other central banks.

The monetary death march continues. The Bank of England’s fourteenth rise in interest rates is unscientific, unnecessary, and underestimates the powerful global forces washing over these islands.

Fuelled by the Bank's monetary death march, Britain is hurtling towards disaster

Mission accomplished: Tightening probably won’t continue at the central bank’s meeting next week, says economist Ian Shepherdson.

Investing through the arc of the COVID recovery has hardly been a cakewalk, and the event horizon is hardly clearing as 2023 progresses.  But as...

By: Mohamed A. El-Erian

CAMBRIDGE — Reacting to Silicon Valley Bank’s sudden collapse, André Esteves, a senior Brazilian banking executive, recently told Bloomberg that “SVB’s interest rate risk would’ve been obvious to any banking intern in Latin America”. To some, this remark will sound rather rich coming from a region that has had no shortage of banking-sector problems. Nonetheless, Esteves’s