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www.stlouisfed.org
| | macromarketmusings.blogspot.com
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| | The 10-year treasury yield reached an historic low this week, crossing the 1% barrier. For many observers, this was a troubling...
| | www.moneyandbanking.com
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| | "Headline" inflation is making painful headlines again. In October, consumer prices rose by 6.2 percent from a year ago-the most rapid gain in at least three decades. Measures of trend inflation also are showing unsettling increases, with the trimmed mean CPI up by 4%. And there are reasons to believe that inflation will stay well above policymakers' 2% target for an extended period. In this post, we briefly summarize how we got here and argue that the Federal Reserve needs to change course now. In our v...
| | norswap.com
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| | gjia.georgetown.edu
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| In November 2020, Zambia defaulted on its international debt, the first African country to do so since the start of the COVID-19 pandemic.