The money supply contracted for the first time. What does stagnation mean.

font size The Fed raised interest rates seven times in the past year. Andy Jacobson/AFP/Getty Images The Federal Reserve faces a very important decision in the coming weeks. Markets expect the central bank to raise interest rates by a quarter of a percentage point, marking a significant slowdown in the pace of history-making increases. If … Read more

The Davos meeting of the World Economic Forum begins Monday with a focus on climate change

Climate change has been a recurring theme in Davos. For the first winter in three years, the annual meeting of the World Economic Forum returns to the Swiss resort. Last year’s meeting took place in May thanks to the Covid-19 pandemic. In the days leading up to the event, politicians, executives and bankers headed for … Read more