Measuring Inequality: Forget Gini, Go with the Palma Ratio Instead
In 2013, Cobham and Sumner proposed an alternative to the Gini co-efficient: the Palma ratio. They named it after José Gabriel Palma, a Chilean economist. Palma noticed that in most countries, the ...
Why Financial Markets Are Losing Hope for a 2025 Fed Rate Cut
The economy has been running hotter than expected lately, raising the possibility that the Federal Reserve will hold interest ...
Fed minutes show Wall Street pushed back expected end of balance sheet drawdown
Banks told the Fed ahead of the December policy meeting that they saw this process ending in June of this year.