Deeper Analysis
The Global Dimension of the Central Banking Effort to Reduce Inflation
March 28, 2023
A wide spectrum of central banks’ policy interest rates have been raised substantially. The effort began in 2018 in Sweden, in 1921 for monetary authorities in the U.K., South Africa, New Zealand, Pakistan, Poland,Hungary, the Czech Republic, Norway, Denmark, Iceland, South Korea, Sri Lanka, Chile, Mexico, Brazil, Argentina, Peru, Colombia, and Ukraine. In 2022, the […] More
New Overnight Developments Abroad - Daily Update
Financial Markets on Pause Ahead of Barr Testimony and Amid Only a Few Data Reports
March 28, 2023
Federal Reserve Vice Chairman for Banking Oversight Michael Barr will be testifying at 10:00 EDT (14:00 GMT) before the House Banking Committee on recent bank failures and the regulatory response. Meantime, yesterday’s recovery of banking stocks proved shortlived, and overall equity market indices are holding pretty flat in Europe and U.S. futures trading. In the […] More
