December 4, 2022

Fed ought to clarify that rising revenue margins are

Fed should make clear that rising profit margins are

Fed should make clear that rising profit margins are

The author is chief economist at UBS International Wealth Administration

On the planet’s monetary markets, US Federal Reserve chair Jay Powell is more and more forged within the position of playground bully — looming over the prostrate type of the worldwide economic system and chanting “hike, hike, hike” with malicious glee. US coverage charges are rising relentlessly.

Nonetheless, Powell’s public remarks supply little perception into how he expects larger charges to tame inflation. The omission issues as the present…

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