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What the New Cold War Means for the Global Economy with Niall Ferguson

Merryn Talks Money

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Is the Fed Really Going to Stop Raising Interest Rates?

Markets have just been itching for an excuse to believe that the Fed is finally going to stop raising interest rates. Jerome Powell was up in front of US politicians and he basically said, yes, we're going to have to raise interest rates for higher than any of you lot currently think. And of course that's got an awkward effect everywhere else in the world as well. So we're into good news as bad news whereas it used to be, I don't know if you remember, of course you doBad news used to be good news and good news used to being good news and no good News as bad news.

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