A Federal Reserve study examining 150 years of tariff data concludes import taxes act as demand shocks that reduce inflation. The catch? They also increase unemployment and slow economic growth significantly. This contradicts conventional wisdom about tariffs automatically raising prices.
The U.S. government is deploying unprecedented stimulus despite economic growth, raising questions about political motivations versus economic necessity. This analysis examines the risks of overheating and long-term debt sustainability.
UK inflation held steady at 3.8% in September, defying expectations of an increase. Food prices fell for the first time since May last year, providing some relief to consumers amid the ongoing cost of living pressures.
UK inflation reportedly remained unchanged at 3.8% in September, defying analyst expectations of a rise to 4%, according to Office for National Statistics data. The steady consumer prices index (CPI) reading comes as food prices saw their first monthly decline since May last year, providing some relief to households grappling with cost of living pressures.
JPMorgan Chase has unveiled its new 60-story global headquarters in Manhattan, one of the first major office towers completed since the COVID-19 pandemic. The $3 billion development replaces the former Union Carbide Building and will accommodate approximately 10,000 employees. Company leadership describes the project as a significant commitment to New York City’s future.
JPMorgan Chase has publicly unveiled its new 60-story global headquarters in Midtown Manhattan, a development that reportedly cost $3 billion and represents one of the first major office buildings completed following the COVID-19 pandemic, according to company statements. The bronze and steel tower at 270 Park Avenue officially opened Monday with a ribbon-cutting ceremony coinciding with employees’ first workday in the new facility.
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Bank of England Governor Andrew Bailey has warned that “alarm bells” are ringing over risky lending practices in private credit markets. The central bank chief drew direct comparisons to financial engineering that preceded the 2008 global crisis during parliamentary testimony.
Bank of England Governor Andrew Bailey has issued a stark warning about developing practices in private credit markets, stating that “alarm bells” are ringing over risky lending activities that echo patterns seen before the 2008 financial crisis. According to his testimony before the House of Lords financial regulation committee, the central bank is observing concerning financial engineering techniques reemerging in the market.
