Can the Federal Reserve tame inflation with more rate hikes without pushing the US into recession? It’s the critical macro question these days and everyone has an opinion, including a former vice-chairman of the Federal Reserve Board, Alan Blinder, who says threading this policy needle is possible.
Daily Archives: October 28, 2022
Macro Briefing: 28 October 2022
* European Central Bank hikes interest rates by 75 basis points
* German economy grows slightly in Q3, defies forecasts of recession
* Fossil-fuel demand may peak in a few years, IEA advises
* Elon Musk takes control of Twitter and fires top executives
* Amazon shares tumble on weak Q4 earnings outlook
* Durable goods orders in US rose in September but momentum is fading
* US jobless claims edged up last week but remain near historically low levels
* US economy recovers in Q3, posting solid 2.6% increase after first-half decline:
