I’m William Horobin, an economics reporter in Paris. Today we’re looking at the combined impact of monetary and fiscal tightening on the euro zone. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you … Read more
In 2019, while working as a senior economist at the Federal Reserve, Claudia Sahm published a measure to show when the US has fallen into a recession. What came to be known as the Sahm Rule is elegant in its simplicity and has been praised for its accuracy by the likes of Nobel laureate Paul … Read more
Flights and hotels aren’t the only rising costs eating into summer budgets. Some vacationers are spending thousands of dollars on “vacation prep” before they even set an out-of-office message. Creators on TikTok and Instagram are showcasing the self-care and other last-minute appointments they make in the days leading up to a vacation. On TikTok, the … Read more
Iraq revalued its currency just over two weeks after replacingBloomberg Terminal the central bank governor as part of an effort to stabilize the foreign exchange market. The cabinet on Tuesday approved a decision to set the exchange rate at 1,300 dinars per US dollar, according to a tweet on Prime Minister Mohammed Shia Al-Sudani’s office … Read more