Core inflation jumped to a 40-year high of 6.6% in September from a year ago, as investors bet that the Fed will be forced into two more 75 basis-point increases this year.
To fight the coronavirus, developing economies from Colombia to Indonesia are turning to a playbook that’s become familiar in the rich world since 2008: Central banks are buying government debt. Since February, some 13 emerging-market central banks have started snapping up bonds or said they ...
The coronavirus economy is shredding records for government borrowing and for central-bank lending. Soon it may also smash the taboo that’s supposed to keep those two things apart. Governments paying for budget spending with loans from their own central banks is known as monetary financing. ...
