US Federal Reserve Decision Could Cause a Recession: Motley Fool, Stephen Jones

Australians are being told they are “preparing” for further financial pain, including a potential recession, after the US Federal Reserve raised interest rates to the highest levels since the global financial crisis. The central bank raised the country’s cash interest rate by three-quarters of a percentage point to 3.25 percent, and said further rate hikes … Read more

Adam Tooze, crisis historian, has bad news for us

This article was featured in One Story to Read Today, a newsletter where our editors recommend some must-reads from: The Atlantic OceanMonday till Friday. Sign up for it here. America and the world live through what Adam Tooze, the foremost internet historian of money and disaster, describes as a “polycrisis.” While drinking a beer at … Read more