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The UN agency called the Fed's actions an "imprudent gamble" with the lives of those less fortunate. If central banks don't "course correct," the UN agency said, emerging countries could tumble into a series of debt crises and health and climate emergencies
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An alternative to rate hikes: There's more than one way to lower inflation rates, argued UNCTAD Secretary-General Rebeca Grynspan. For instance, countries could implement a windfall tax - a one-time levy on an industry that has experienced unusually high profits - on oil and gas companies.
"There's still time to step back from the edge of recession," she said.
https://edition.cnn.com/2022/10/04/investing/premarket-trading-stocks/index.html
The UN agency called the Fed's actions an "imprudent gamble" with the lives of those less fortunate. If central banks don't "course correct," the UN agency said, emerging countries could tumble into a series of debt crises and health and climate emergencies
....
An alternative to rate hikes: There's more than one way to lower inflation rates, argued UNCTAD Secretary-General Rebeca Grynspan. For instance, countries could implement a windfall tax - a one-time levy on an industry that has experienced unusually high profits - on oil and gas companies.
"There's still time to step back from the edge of recession," she said.
https://edition.cnn.com/2022/10/04/investing/premarket-trading-stocks/index.html
