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Finance

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    Regulation, not crypto, is broken

    informed Summary

    1. The US Securities and Exchange Commission has filed lawsuits against Binance and Coinbase, the world's two largest cryptocurrency exchanges, accusing them of operating as unregistered securities exchanges.
    Finance
    3 min read
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    The inflation crisis is not over

    informed Summary

    1. After over a year of aggressive monetary tightening, inflation is starting to come down around the world. But the global economy is not out of the woods yet, Mario Bleijer and Piroska Nagy Mohacsi write in PS.
    Finance
    4 min read
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    Is 2% really the right inflation target for central banks?

    informed Summary

    1. The article discusses the 2% inflation target pursued by central banks in the US and Europe, questioning whether it is the right approach for monetary policy.
    Finance
    6 min read
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    Fed raises rates again as it weighs how much further to go

    informed Summary

    1. The Federal Reserve has raised interest rates to their highest level in 22 years in an ongoing effort to combat inflation. The economy has remained resilient despite these measures and inflation rates that have been above normal for nearly two years.
    Finance
    5 min read
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    Europe’s monetary over-tightening trap

    informed Summary

    1. After a series of interest-rate hikes, headline inflation in the U.S. and the eurozone is finally starting to fall significantly.
    Finance
    3 min read
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    Changing the culture at the World Bank

    informed Summary

    1. Ajay Banga, the new President of the World Bank, is stepping into his role during a critical period marked by the impacts of the COVID-19 pandemic and geopolitical tensions.
    Finance
    4 min read
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    Interest payments are a ticking time bomb

    informed Summary

    1. Washington’s interest costs have doubled since 2015, from 1.2 to 2.5 percent of the economy, according to new estimates from the Congressional Budget Office (CBO). At $663 billion, this year’s interest costs are up 40 percent over last year, writes Brian Riedl.
    Finance
    6 min read
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    The case for a digital euro

    Editor's Note

    The European Commission is proposing a law that would allow the European Central Bank to issue a digital euro. In this op-ed in The FT, European Commissioner Mairead McGuinness explains why.

    Finance
    3 min read
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    Silicon Valley braces for the worst as funding dries up

    Editor's Note

    Venture capital firms are falling well below their fundraising targets, leaving many start-ups cash-strapped. The FT's Tabby Kinder has the story.

    Finance
    3 min read
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    Crypto shows we shouldn’t venerate ‘innovation’ for its own sake

    Editor's Note

    Just because something is new doesn’t mean it is valuable or should avoid scrutiny, Jemima Kelly writes in the FT. Just look at the cryptocurrency market.

    Finance
    3 min read
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    ECB raises interest rates by quarter of a point to tame inflation

    informed Summary

    1. The European Central Bank (ECB) has raised eurozone interest rates by a quarter-percentage point to combat inflation.
    Finance
    2 min read
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    Fed leaves rates unchanged for first time since March 2022

    informed Summary

    1. The U.S. Federal Reserve has decided to leave interest rates unchanged for the first time since spring 2022.
    Finance
    5 min read
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    We all want climate budgets – who is ready?

    informed Summary

    1. Cities like London, New York, and Oslo are adopting climate budgets to manage emissions.
    Finance
    2 min read
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    Crypto giant Binance and CEO Zhao knew they violated law, SEC alleges

    informed Summary

    1. U.S. regulators have accused Binance, the world's largest crypto exchange, of unlawfully engaging in unregistered offers and sales of crypto assets, The Post reports.
    Finance
    3 min read
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    The digital economy’s new monetary imperative

    informed Summary

    1. Central bank digital currencies, or CBDCs, are not just a tool for improving cross-country payment systems, but also a crucial weapon in the fight for the “soul” of the monetary and financial system, and for the macroeconomic stability that it provides.
    Finance
    8 min read
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    Senate passes debt ceiling bill, sending it to Biden to sign into law

    informed Summary

    1. The Senate passed a bipartisan bill to suspend the debt ceiling and curb federal spending.
    Finance
    5 min read