Economists estimate this off-the-books debt at $7 trillion to $11 trillion, about twice the size of China's central government debt.
Go Deeper (3 min read)In its annual report released Sunday, the Bank for International Settlements (BIS) urged governments worldwide to reduce borrowing to mitigate one of the most significant threats to global financial stability and support efforts to control inflation.
Go Deeper (3 min read)Federal Reserve Chair Jerome Powell expressed cautious optimism about the state of inflation and the potential for interest rate adjustments in the near future during a panel discussion with other central bankers at a conference in Portugal.
Go Deeper (3 min read)Federal Reserve Chair Jerome Powell has adopted a cautious stance regarding inflation forecasts and potential interest rate cuts, best summarized by the phrase “Trust, but verify.”
Go Deeper (2 min read)The European Central Bank (ECB) has decreased interest rates by a quarter point, initiating a reversal of its historic rate increases.
Go Deeper (3 min read)Owners of office buildings have been facing tough times since the Covid-19 pandemic began emptying their properties in early 2020.
Go Deeper (3 min read)Two years ago, Federal Reserve Governor Christopher Waller proposed a groundbreaking economic strategy that suggested the Federal Reserve could successfully reduce inflation.
Go Deeper (2 min read)American politicians are increasingly inclined to stimulate the economy with substantial government funding, a trend that has begun to elevate borrowing costs and is expected to maintain them at elevated levels well beyond the current inflation crisis.
Go Deeper (4 min read)Despite recent data indicating strong inflation and job growth in January, the Federal Reserve maintains its perspective that it might lower interest rates later in the year.
Go Deeper (3 min read)During the recent Lunar New Year holiday, an unprecedented number of Chinese travelers embarked on journeys, setting a new record for domestic travel during this festive period.
Go Deeper (2 min read)In January, the U.S. economy experienced a momentary slowdown following a period of vigorous growth witnessed towards the conclusion of the previous year, yet it continues to exhibit signs of fundamental robustness.
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