The world has been through a second Gilded Age where the rich got richer, helped by ultra-low interest rates. In the past, such episodes ended in revolution or civil war. This time, higher borrowing costs can bring about a painful but peaceful transition, says Edward Chancellor.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Weekly mortgage demand was flat, even as interest rates drop for the third straight weekThe average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week
Leer más »
WATCH LIVE: Powell faces House panel on economy and interest rates | Fox News VideoThe Federal Reserve chairman's testimony comes a week after the central bank decided not to push rates higher for the time in more than a year.
Leer más »
UK inflation stops falling, raising the chances of much higher interest rates | CNN BusinessUK inflation unexpectedly stayed stuck at 8.7% in May, making it more likely the Bank of England will continue raising interest rates, potentially taking them to a level not seen in more than two decades.
Leer más »
Fed should leave interest rates unchanged for the rest of the year, Bostic saysAtlanta Fed President Raphael Bostic on Wednesday said his baseline view is that the central bank's holds interest rates steady for the rest of the year.
Leer más »
Bank of England set to raise interest rates by another 25 basis pointsThe Bank of England (BoE) is on track to deliver its 13th straight rate hike this Thursday, as it remains on a firefighting mission to tame stubbornly
Leer más »
Swiss National Bank lifts key interest rates a quarter point, says more increases may be necessaryThe Swiss bank said the decision to hike its key rate by a quarter-percentage point to 1.75% was 'countering inflationary pressure which has increased again...
Leer más »