US Economy

Why higher capital gains taxes in the US might be bad news for bitcoin
Bitcoin and US dollars
Bitcoin & crypto

Why higher capital gains taxes in the US might be bad news for bitcoin

US president Joe Biden wants to significantly increase capital gains tax. That will have a knock-on effect on the markets, says John Stepek. And on bi…
23 Apr 2021
US inflation is rising – but it’s not enough to rattle markets yet
Supermarket cashier
Inflation

US inflation is rising – but it’s not enough to rattle markets yet

The latest US inflation figures showed that consumer prices are rising more rapidly than expected. But markets shrugged. John Stepek asks why, and wha…
14 Apr 2021
Why all eyes will be on US inflation data this week
Lael Brainard and Jerome Powell
Inflation

Why all eyes will be on US inflation data this week

As the world comes out of lockdown and demand for goods and services rises, attention will shift to inflation and what it means for interest rates. Th…
12 Apr 2021
What will Joe Biden’s “build back better” plan mean for markets?
Joe Biden
US Economy

What will Joe Biden’s “build back better” plan mean for markets?

Joe Biden recently proposed a $2trn “build back better” stimulus plan for America – on top of the $1.9trn he announced earlier this year. Saloni Sarda…
6 Apr 2021
What does Joe Biden’s $3trn infrastructure plan mean for your money?
Joe Biden
US Economy

What does Joe Biden’s $3trn infrastructure plan mean for your money?

Joe Biden is set to announce a further $3trn of public stimulus in the US. Saloni Sardana looks at what’s on the table, and what effect it could have …
30 Mar 2021
How long can the Federal Reserve keep markets happy?
US Economy

How long can the Federal Reserve keep markets happy?

Markets breathed a sigh of relief after the Federal Reserve said it wouldn't raise interest rates for some time yet. But, asks John Stepek, how long w…
18 Mar 2021
Will Biden’s stimulus package fuel global inflation – and how can you protect your wealth?
US Economy

Will Biden’s stimulus package fuel global inflation – and how can you protect your wealth?

Joe Biden’s latest stimulus package threatens to fuel inflation around the globe. What should investors do?
12 Mar 2021
Cover of MoneyWeek magazine issue no 1022, Friday 23 October 2020

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Short-term inflation is almost certain. But what could make it a long-term problem?
US Economy

Short-term inflation is almost certain. But what could make it a long-term problem?

Inflation will be welcomed when it arrives – but in time, it could grow to become a problem. John Stepek explains why, and what that will mean for inv…
11 Mar 2021
What Joe Biden’s $1.9trn stimulus plan means for the US
US Economy

What Joe Biden’s $1.9trn stimulus plan means for the US

The US just approved Joe Biden’s $1.9trn stimulus plan after months of political wrangling. Saloni Sardana looks at what's in it and how it could affe…
11 Mar 2021
Are we heading for another bond market tantrum?
Government bonds

Are we heading for another bond market tantrum?

The last time the US central bank tried tightening the purse strings, the bond markets threw a tantrum. With yields now rising, could we be about to s…
25 Feb 2021
The US dollar’s rally will fade away
Currencies

The US dollar’s rally will fade away

The US dollar, having been widely tipped to fall this year, is up by about 1.2% so far against a basket of six major trading partners’ currencies. But…
12 Feb 2021
Will the China-US trade war continue?
Global Economy

Will the China-US trade war continue?

The White House still seems to be talking tough on China, but few people know how Joe Biden will handle the world’s second-biggest economy.
5 Feb 2021
3 February 1690: America’s first paper money is issued
This day in history

3 February 1690: America’s first paper money is issued

On this day in 1690, the Massachusetts colony began circulating the first paper money on North America, printed to finance England’s war against Franc…
3 Feb 2021
Joe Biden’s spending spree will lift American spirits and markets – but it comes with a sting in the tail
US stockmarkets

Joe Biden’s spending spree will lift American spirits and markets – but it comes with a sting in the tail

New US president Joe Biden is planning to throw trillions of dollars in stimulus at his country’s economy. Markets will love that. But it comes with a…
25 Jan 2021
Beware: inflation is starting to stir in the US
Inflation

Beware: inflation is starting to stir in the US

With US consumer prices up by 1.4% in the last year, concern about inflation is now everywhere.
22 Jan 2021
Inflation looks likely to take off this year – but there’s one key risk
Inflation

Inflation looks likely to take off this year – but there’s one key risk

With the world’s governments spending money hand over fist, inflation looks certain to take off at some point. But China could change all that. John S…
19 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
Will America’s “healthy reflation” end in inflation?
US stockmarkets

Will America’s “healthy reflation” end in inflation?

Democratic control of the US Congress would give Joe Biden huge scope to stimulate the economy. But willie mean a “healthy reflation” for the economy …
8 Jan 2021
23 December 1913: The US Federal Reserve is created
This day in history

23 December 1913: The US Federal Reserve is created

After much debate, Woodrow Wilson finally signed the bill that would create the US Federal Reserve on this day in 1913.
23 Dec 2020
The return of Janet Yellen
People

The return of Janet Yellen

Janet Yellen, the former US central-bank chief is back, this time as US Treasury secretary. Donald Trump wondered whether she was too short for the jo…
19 Dec 2020
5 December 1933: prohibition ends in America
This day in history

5 December 1933: prohibition ends in America

On this day in 1933, America finally gave up on its futile attempt at alcohol prohibition, which had begun with the passing of the 18th Amendment in 1…
5 Dec 2020
Donald Trump’s next moves
Donald Trump

Donald Trump’s next moves

The outgoing US president is deep in debt and he will need new sources of income now that he is out of a job. Don’t expect him to go quietly, says Sim…
28 Nov 2020