Fed Can’t Reach 2% Inflation Without Crushing Economy, El-Erian Says — Stable inflation rate should be 3-4%, El-Erian told Bloomberg — The Fed is unlikely to change its goal post, he said (Bloomberg)

The Federal Reserve won’t be able to get US inflation down to its 2% target without “crushing the economy,” economist Mohamed El-Erian warned on Friday, but he said the central bank is unlikely to officially change that goal post. “You …

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UK Government debt outlook is cut from ‘stable’ to ‘NEGATIVE’ by top US credit rating agency Fitch after Liz Truss’s mini-Budget debacle

by Boo_Randy The UK just pulled ahead of the US by a nose in our race to become a full-fledged banana republic. https://www.dailymail.co.uk/news/article-11285371/UK-Government-debt-outlook-cut-stable-NEGATIVE.html A top US credit rating agency has lowered its outlook for British government debt from stable to negative after …

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