Dr. Michael Ivanovitch is an independent analyst focusing on world economy, geopolitics and investment strategy. He served as a senior economist at the OECD in Paris, international economist at the Federal Reserve Bank of New York and taught economics at Columbia Business School.
Follow him on Twitter: @msiglobal9
The Fed's Jackson Hole message was entirely reasonable in the absence of any indication of economic measures of America's next administration.
Statements by Fed officials about the timing of next policy moves are part of the holding pattern until presidential elections on November 8.
The European Central Bank's stimulus is eliciting widely different responses across the euro zone.
It's difficult to be optimistic about improving trade and diplomatic relations when it comes to the three feuding Northeast Asian neighbors.
Data tell us that American companies don't see any compelling reason to expand their factory floors, or to add new capital goods,
Security threats hanging over Europe are another instance where the Fed and the ECB have to deploy policy instruments in the months ahead.
The fallout from this latest attack will deal a serious blow to the euro area's tourism sector and fragile economic recovery.
Evidence on economic growth, the labor market and consumer inflation suggests the next move toward rate adjustment is way overdue.
More than 70 countries and international organizations are taking part in China's Belt and Road (B&R) investment projects.
The U.K. is likely to do better alone than an unwieldy union of 27 countries whose leaders have yet to figure out where they are going.