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The U.S. central bank agreed at its meeting last month to hold rates steady even as a 12-7 majority indicated in new projections that one more hike might be needed by the end of the year to ensure ...
Another topic of study is the impact of sudden stops on output. Sudden stops can be accompanied by a currency crisis and/or a banking crisis. Empirical studies show that the effects of a banking crisis are more pernicious than the effects of a currency crisis, due to the additional effect of the credit channel on output. Lower asset prices are ...
NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates ...
“The good news is that we can afford to be a little more cautious” about decisions on rate moves, the Fed leader said. Powell’s comments come as the Fed is expected to cut interest rates ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
A clue or a hint is a piece of information bringing someone closer to a conclusion [1] or which points to the right direction towards the solution. [2] It is revealed either because it is discovered by someone who needs it or because it is shared (given) by someone else.
To be economical with the truth literally means to avoid revealing too much of the truth. While the idea may have an approbatory sense of prudence or diplomacy, the phrase is often either used euphemistically to denote dissimulation (misleading by withholding pertinent information) or else used ironically to mean outright lying.
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