Inflation-adjusted interest rates are rising, rapidly. It wasn’t all that long ago that pundits and markets were worrying about the fallout from negative real rates. In short order, the risk has reversed as the Federal Reserve persists with a hawkish-policy run to tame inflation.
Daily Archives: September 27, 2022
Macro Briefing: 27 September 2022
* US faces government shutdown without new funding deal
* Hurricane Ian batters Cuba; Florida’s west coast is next
* Global economy is slowing more than expected, advises OECD
* China’s economic output expected to lag rest of Asia for first time since 1990
* China’s currency falls to near 14-year low vs. US dollar
* Bank of England says it will ‘not hesitate’ to lift rates despite plunge in pound
* New Boston Fed president: More rate hikes needed to cool inflation
* Growth in Texas factory activity picked up in September
* Wall Street’s ‘fear gauge’, a.k.a. VIX Index, surges to 3-month high
* Chicago Fed Nat’l Activity Index highlights ongoing growth slowdown for US:
