Fed

The euro fell below parity with the dollar on 23 August 2022 for the first time in twenty years. The best explanation is monetary policy and not purchasing power. A euro buys a lot more than a dollar, whether the frame of reference is Big…

On December 16, the United States Federal Reserve (Fed) raised interest rates for the first time in nine years, a move some fear will cause major negative effects, while others believe was long overdue. In her statement announcing the…