Latest Blog Posts
Panic in London over interest rates and bond prices
Author: Hilliard MacBeth
The panic in UK government bond markets that gripped London Monday was a trigger for emergency action by the Bank of England, which... Read more
The Fed talks tough as the inflation fighter
Author: Hilliard MacBeth
The Federal Reserve jumped its policy interest rate to 3 percent this week, from 2.25 percent. The Fed reiterated its commitment to... Read more
CPI shocks the financial markets
Author: Hilliard MacBeth
The U.S. CPI for August shocked the markets this week, leading to an almost 4 percent decline in stock markets. The CPI showed a small... Read more
The Bank of Canada says full speed ahead
Author: Hilliard MacBeth
The Bank of Canada increased its policy rate by 75 basis points on Wednesday. It also stated that the fight to contain inflation is... Read more
Junk bond prices have collapsed
Author: Hilliard MacBeth
Junk bond prices have collapsed, losing more than 15 percent of their value this year. But the push to higher rates by central banks... Read more