Archive for the ‘Risk’ tag
IMF Global Financial Stability Update Says Markets Remain Fragile
Credit risk remains elevated and appetite for risk remains subdued,
though the systemic risk to financial markets is not as elevated as it
was in the spring, according to a new market update from the
International Monetary Fund.
“Global financial markets continue to be fragile and indicators of
systemic risk remain elevated,” said the update to the Global
Financial Stability Report on Monday.
Fed’s Stern Says Fed Can’t Wait for End of Crisis to Raise Rates
Speaking in an interview with Bloomberg on Friday, Minneapolis Federal
Reserve President Gary Stern (voter) said that the Federal Reserve
can’t wait for the end of the crisis to raise rates.
“I worry about the prospects for inflation, the headline inflation
rate is clearly too high,” said Stern.
Stern noted that the Fed is well positioned for a downside risk to
growth. He commented that the current credit crisis was reminiscent of
the early 1990s.