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3232UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases
https://www.digit.info/un-report-urges-fed-to-suspend-interest-rate-hikes-presses-for-public-spending-increases/
Tue, 04 Oct 2022 14:00:21 +0000https://www.digit.info/2022/10/04/un-report-urges-fed-to-suspend-interest-rate-hikes-presses-for-public-spending-increases/Read more]]>The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for […]
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for […]