Word: inflationitis
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
After the stock-market crash of 2001 and 2002, the Fed worried that inflation was so low it might turn into deflation. So it cut short-term rates even further, reducing them to 1% in 2003, while the yield on the 10-year Treasury bond--a key benchmark of long...
Forward to 2007. "Now the world is booming, credit demand in Asia is rising, and you don't need the U.S. consumer to be the spender of last resort," says Robert J. Barbera, chief economist at the brokerage firm ITG. The world economy is in its fifth year of nearly...
Before he took over as British Prime Minister last month, Gordon Brown's speeches often included a familiar refrain. Britain's economy, the then-Chancellor of the Exchequer would thunder, boasted sustainable growth - averaging almost 2.9% over the past decade, modest interest rates and low inflation. "Of all the major...
It's not surprising, then, that the man picked in June to replace Brown - a dependable, gaffe-free Scot - as Chancellor signaled little in the way of change. But if Alistair Darling (no less dependable, gaffe-free, or Scottish) is unlikely to tinker too much with the Treasury, both men...
The new Chancellor, of course, has few policy levers through which to intervene - it's up to the Bank of England to decide when inflation has been tamed by changes to the cost of borrowing; certain taxation levels for the next couple of years were set last March, and growth...