WASHINGTON -
The managing director of the International Monetary Fund, Kristalina Georgieva, was worried enough last month to warn the Fed and other rate-hiking central banks to stay “mindful of the spillover risks to vulnerable emerging and developing economies.’’ They also affect global investment: As rates rise in the U.S, safer American government and corporate bonds start looking more attractive to global investors. So they can pull money out of poor and middle-income countries and invest it in the United States. Those shifts drive up the U.S. dollar and push down currencies in the developing world.
Despite the risks of collateral damage, the Fed is expected to raise rates several more times this year to combat resurgent inflation in the United States. “They would have been much better off if the Fed would have reacted more swiftly when the problem started’’ last year, said Liliana Rojas-Suarez, senior fellow at the Center for Global Development.
Our own isn't doing so hot.
Let's see who blames Trudeau...
And CTV News says this morning that “inflation is at its highest ever and oil company profits are high , but because interest rates have been raised home prices are down”. Talk about DISINFORMATION!!!!! Leftist boobs !
Time for the class war to restart as a two sided affair rather than as a one sided sabotage Living wages pegged to productivity, dignity at work and social mobility Mass mobilization, general strikes and direct action ftw Kick them in the capitalism until they beg for mercy
Called a recession will hit here as well.
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