by Elliot Hentov, Ramu Thiagarajan, and Aaron Hurd
by John B. Taylor via Economics OneThe stock market reaction to the Kansas City Fed meeting in Jackson Hole today was not so pleasant. The Dow Jones Industrial Average was down over 1,000 points or by over 3 %. The S&P 500 was down 3.4 percent.
by David C. Mulford
In the winter of 1984–85 the United States faced the rising threat of global economic and financial instability in the world monetary system, which could have led to a global market meltdown or severe world recession
Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%.