US Economy

The Fed really is fighting inflation – so don’t expect an early end to the bear market
Jerome Powell
Stockmarkets

The Fed really is fighting inflation – so don’t expect an early end to the bear market

In an attempt to contain raging inflation, the Federal Reserve has raised US interest rates by 0.75 percentage points. And it’s going to keep on raisi…
16 Jun 2022
US inflation brings no respite for markets
US Federal Reserve building
Inflation

US inflation brings no respite for markets

As US inflation hit a 40-year high, the benchmark S&P 500 stockmarket index slid into a bear market, down more than 20% since its 3 January high.
15 Jun 2022
Recession talk is a red herring – here’s what investors should focus on instead
Shop going out of business
Investment strategy

Recession talk is a red herring – here’s what investors should focus on instead

There is a lot of talk of impending recession. But that’s not something you should worry too much about, says John Stepek. What’s more important is …
6 Jun 2022
Here’s why markets welcomed America’s big interest rate rise
Jerome Powell
Stockmarkets

Here’s why markets welcomed America’s big interest rate rise

The US Federal Reserve raised interest rates by half a percentage point – the biggest hike in 20 years. So why did markets rise? John Stepek explains …
5 May 2022
UBI which was once unthinkable is being rolled out around the world. What's going on?
Anchorage Alaska downtown
Global Economy

UBI which was once unthinkable is being rolled out around the world. What's going on?

Universal basic income, the idea that everyone should be paid a liveable income by the state, no strings attached, was once for the birds. Now it seem…
8 Apr 2022
The US Federal Reserve must fight its own battles
US Economy

The US Federal Reserve must fight its own battles

Getting involved in other political fights will undermine the credibility of America's central bank – and that could affect us all, says Matthew Lynn.
6 Mar 2022
How to short-sell Trump’s media empire
Trading

How to short-sell Trump’s media empire

Donald Trump’s would-be media empire looks like a promising target for short sellers. Matthew Partridge explains how to play it.
16 Feb 2022
Cover of MoneyWeek magazine issue no 1022, Friday 23 October 2020

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The strong US jobs report is good news for the economy, but not so much for markets
US Economy

The strong US jobs report is good news for the economy, but not so much for markets

January's US jobs report came in much stronger than anyone was expecting, with 467,000 new jobs added to the economy. But things might not be quite as…
7 Feb 2022
The Federal Reserve has turned inflation-fighter – how do you invest now?
US Economy

The Federal Reserve has turned inflation-fighter – how do you invest now?

The US Federal Reserve has become much more hawkish on inflation and less concerned with the markets' reaction to rising interest rates. John Stepek e…
27 Jan 2022
US inflation still shows no sign of fading
US Economy

US inflation still shows no sign of fading

Annual US inflation hit 7% in December, its highest since 1982, while core inflation rose to 5.5%. That suggests high price rises are going nowhere so…
21 Jan 2022
US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
In praise of profits – Ed Yardeni’s stirring defence of capitalism
Economy

In praise of profits – Ed Yardeni’s stirring defence of capitalism

It is commonly held that the average American's income has not risen for decades. But in truth, real earnings have been rising by 1.5% since 1995. And…
21 Dec 2021
The US central bank is winding down QE faster than planned – so why are markets bouncing?
US Economy

The US central bank is winding down QE faster than planned – so why are markets bouncing?

The Federal Reserve is to speed up the pace at which it is winding down QE, its money-printing programme. But instead of going into shock, stockmarket…
16 Dec 2021
US inflation is at a near-40-year high. So why are markets so calm?
Inflation

US inflation is at a near-40-year high. So why are markets so calm?

US inflation is rising at 6.8% a year – the highest level for nearly four decades. But markets still seem to be taking it in their stride. John Stepek…
13 Dec 2021
Interest rates: could Jerome Powell remove the markets’ “punch bowl”?
US stockmarkets

Interest rates: could Jerome Powell remove the markets’ “punch bowl”?

Markets have bounced on suggestion that the Omicron variant may be a less serious strain of Covid-19. But the Federal Reserve has turned hawkish, and …
10 Dec 2021
It’s official – inflation is no longer transitory
Inflation

It’s official – inflation is no longer transitory

America’s central bank has had a change of heart on inflation, and wants to retire the word “transitory”. John Stepek explains what that means for mar…
1 Dec 2021
Jerome Powell’s poisoned chalice
US Economy

Jerome Powell’s poisoned chalice

US president Joe Biden has nominated Jerome Powell for a second term in charge of the Federal Reserve. But it could prove a “poisoned chalice” for Pow…
26 Nov 2021
What do Turkey’s tumbling lira and America’s oil raid have in common?
Global Economy

What do Turkey’s tumbling lira and America’s oil raid have in common?

Joe Biden’s confirmation that Jerome Powell will stay on as Fed chair has sent jitters in markets from Turkey to Texas. John Stepek explains what’s go…
24 Nov 2021
Rising inflation puts central banks’ credibility at stake
Inflation

Rising inflation puts central banks’ credibility at stake

Central banks are running out of excuses for not raising interest rates as inflation soars.
19 Nov 2021
Inflation might surprise us again in the short-term – but it’s here to stay
Inflation

Inflation might surprise us again in the short-term – but it’s here to stay

Central banks may keep telling us that inflation is transitory, but the reality is that we're in for a period of structurally higher inflation. John S…
11 Nov 2021
Joe Biden’s public spending revolution eats itself
US Economy

Joe Biden’s public spending revolution eats itself

The US president’s flood of free money was going to save America. Now, the country is drowning, says Matthew Lynn.
7 Nov 2021
The Federal Reserve is printing less money – so why have markets hit record levels?
US Economy

The Federal Reserve is printing less money – so why have markets hit record levels?

America’s central bank has started “tapering” – cutting back on its quantitative easing programme. But instead of markets falling, they’re hitting rec…
4 Nov 2021