A ‘generational buying opportunity’ guarantees inflation plus 3% a year, says this hedge-fund manager

We study how firms and workers adjust when previously restricted migrants gain full and portable work rights in a labor market with substantial informality. We exploit the 2007 EU accession of Bulgaria and Romania, which granted unrestricted work rights to Italy’s largest migrant group. Using matched employer–employee administrative data and an IV-DID design, we find…

American hegemony has given way to a global order based on rivalry and competition among several major powers, where there is no longer a fixed, codified set of rules. Instead, there is only economic, technological, and military power—the likes of which China is amassing faster than many observers realize. BERLIN—The era in which global order…

Minutes Item 1 – Welcome The Governor began the meeting by thanking attendees for joining and reminding participants of the purpose of these meetings. The Governor made clear that the MPC would be in listening mode, and that the meeting would be conducted in accordance with relevant competition and conduct laws, as per the terms…

The Euro holds firm against the US Dollar on Wednesday as hostilities in the Middle East continued, with the US attacking Iran for the second straight day at around the Strait of Hormuz. At the time of writing, the EUR/USD trades at 1.1420, after bouncing off daily lows of 1.1391. EUR/USD holds firm as Fed…

Today’s bitcoin price forecast shows the next breakout test at $65,300-$65,400 !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}