international analysis and commentary
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The euro and the dollar

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…

“All Rise!”: assessing the Fed’s moves

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…