What In The Economics?
What In The Economics (WITE), initiated by the NUS Economics Society (NUS ECS), is a research program aimed at analysing contemporary economic subjects. Through WITE, Research Executives will have the opportunity to refine their economic intuition and communication skills by delving into research on current affairs from an economic perspective.
The ongoing developments in the financial industry have sparked speculation about the potential arrival of the next global financial crisis. Each passing day brings forth new revelations, drawing parallels between the current turmoil and historically-recorded financial crises.
Read MoreNUS Economics Society: Mid-battle against inflation, the Fed might raise the interest rates again.
In the effort to curb the rising inflation – currently at 6% - US Federal Reserve policymakers proposed to hike the Federal Reserve interest rate to above the median of 5.1% on the 16th of December (CNA, 2022).
However, investors were taken aback by the hawkish stance of the Fed as it was believed that the Fed will take a looser monetary policy in the face of declining inflation (CNA, 2022).
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