Policy

One of Wall Street's biggest bulls loses conviction in the stock market as risk of Fed policy error rises

One of Wall Street’s biggest bulls loses conviction in the stock market as risk of Fed policy error rises

One of Wall Street’s biggest bulls highlights two big risks facing the stock market. JPMorgan’s Marko Kolanovic said escalating tensions in Russia and a potential Fed policy error have undermined his enthusiasm for stocks. “Most of the risks in 2022 are the result of policies…it’s all like throwing stones at a glass house,” Kolanovic said. …

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Erdogan says Turkey will continue to cut interest rates, mocks sterling

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at parliament in Ankara, Turkey, May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE A PROVIDED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. COMPULSORY CREDIT Murat Cetinmuhurdar Reuters Turkey will continue to cut interest rates, its President …

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IMF criticizes UK policy, Bank of England to make big response

IMF criticizes UK policy, Bank of England to make big response

Proposals likely to increase inequality, says IMF BoE pill says ‘significant’ response likely Economists and leaders call for a political reversal The pound is recovering slightly, up 0.4% on the day LONDON, Sept 27 (Reuters) – The International Monetary Fund on Tuesday openly criticized Britain’s new economic strategy, following a further slump in bond markets …

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Larry Summers calls UK tax cuts 'totally irresponsible' and warns of possible contagion

Larry Summers calls UK tax cuts ‘totally irresponsible’ and warns of possible contagion

Larry Summers Cameron Costa | CNBC LONDON — Former US Treasury Secretary Larry Summers warned on Tuesday that the United Kingdom had lost its sovereign credibility after the new government’s fiscal policy sent markets tumbling. The pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on …

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Britain's sudden shift to 'Reaganomics' gets a boost from the markets

Britain’s sudden shift to ‘Reaganomics’ gets a boost from the markets

Truss has now put the country on an economic path completely at odds with most, if not all, of the world’s major economies. Hannah McKay | Reuters LONDON — Britain’s new Prime Minister Liz Truss may have talked a lot about “fallout economics” during her election campaign this summer, but no one could have predicted …

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The United States and its allies join forces on chips.  This could prevent China from reaching the next level

The United States and its allies join forces on chips. This could prevent China from reaching the next level

Major chipmaking nations, including the United States, are forming alliances, in part to secure their semiconductor supply chain and to prevent China from reaching the forefront of the industry, analysts told Reuters. CNBC. Countries like the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have sought to forge partnerships around this …

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'Path to oblivion': Ukraine's military gains could worsen Russia's economic problems

‘Path to oblivion’: Ukraine’s military gains could worsen Russia’s economic problems

Russian President Vladimir Putin attends a meeting of heads of member states of the Shanghai Cooperation Organization (SCO) during a summit in Samarkand, Uzbekistan, September 16, 2022. Ministry of Foreign Affairs of Uzbekistan | via Reuters Ukraine’s counteroffensive, which has recaptured large swathes of territory occupied by Russia, could deepen Russia’s economic problems as international …

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