Category: Economics
US could wait until next summer to raise interest rates, say economists
Surveyed experts predicted last weeks rate rise would be followed by two more next year, not three. The Federal Reserve could wait until at least next summer before raising interest rates again, according to Wall Street economists surveyed by the Financial Times. Expectations that a rate rise last week by the US central bank would […]
US Federal Reserve raises interest rates for second time since 2008 crisis
Fed chairwoman Janet Yellen announced a 0.25% increase in the benchmark rate to 0.50-0.75%, and predicted three further rates increase in 2017. The US Federal Reserve on Wednesday raised interest rates for the first time in a year, and only the second time since the 2008 financial crisis. The US central bank also predicted three […]
Theresa May must fight the hard Brexiters or Britain will be ruined | Will Hutton
The economic fallout from a violent rupture with the EU will have devastating consequences for the country and its people. Brexit is pure poison, polluting everything it touches. The fundamental questions the country should be addressing the crisis in productivity growth, the lack of affordable housing, the overwhelming strain on public services, our desperately weak […]
Trump’s Infrastructure Plan Dwarfed By Estimates Of Need
States welcome President-elect Donald Trump’s $1 trillion infrastructure plan. But their need is more than three times that. The Associated PressTexas transportation workers in July survey the damage from a bridge collapse in which a child died. President-elect Donald Trump has proposed fixing dilapidated infrastructure. By Elaine S. Povich If President-elect Donald Trump is successful […]
Brexit will blow 59bn hole in public finances, admits Hammond
Chancellor attempts to strike cautiously upbeat tone but OBR warns of extra borrowing over next five years. Philip Hammond conceded that Brexit will blow a 59bn black hole in the public finances over the next five years, as he outlined plans to boost investment in infrastructure and housing to equip the UK economy for life […]