‘Valuations aside, market history does not suggest rising rates need prove disastrous for stocks.’ photograph: getty

The US Federal Reserve decided last month to leave interest rates on hold while signalling it expects to raise rates sooner rather than later – 13 of (...)

Winners and losers: “The more often people look at their portfolios, the less willing they will be to take on risk, because if you look at it more often, you will experience more lossesm” says Richard Thaler. Photograph: Spencer Platt/Getty Images

In a world populated by Spock-like econs, all of us would conduct our financial affairs in a rational, self-interested manner. However, the world is p(...)

Janet Yellen, chair of the US Federal Reserve whose officials left interest rates unchanged last week. Photograph: Andrew Harrer/Bloomberg

Last week the Federal Reserve chose not to raise interest rates. It was the right decision. In fact, I’m among the economists wondering why we’re even(...)

The odds of a US Fed rate increase hit 54 per cent in early August before plunging to 24 per cent three weeks later, following the sudden upsurge in volatility. Photograph: Issei Kato/Reuters

Will Fed hike rates? One question will dominate financial markets this week: will the Federal Reserve hike interest rates on Thursday? The odds of a r(...)

Traders outside the New York Stock Exchange. Global markets plunged again on Monday. Photograph: Lucas Jackson/Reuters

A tumultuous fall in Chinese equities dubbed “Black Monday” by Xinhua, the official state news agency, triggered a ferocious sell-off in international(...)

‘Merkel, for her part, used Schäuble’s exit plan as a bargaining tool, certain that Tsipras would eventually cave in and get rid of Varoufakis.’ Above,  Wolfgang Schäuble, in Dublin last year. Photograph: Cyril Byrne / The Irish Times

Now the dust has temporarily settled over the ruins of Greece’s economy, it is worth asking if there wasn’t a brief moment when the actors had found a(...)

President of Goldman Sachs,  Gary  Cohn,  at Davos: “What I am concerned about is the ability of the US to raise rates with what’s going on with the rest of the world.”  Photograph: Bloomberg

Wall Street executives said the US Federal Reserve’s ability to raise interest rates will be restrained by weak economic growth abroad and slow inflat(...)

European Commissioner for Economic Affairs Pierre Moscovici: doing his best to keep out of the limelight. Photograph: Eric Piermont/AFP/Getty Images

There was no shortage of conversation-starters in Davos yesterday – “quantitative easing” was the magic phrase on everyone’s lips as they awaited news(...)

Swiss special police officers atop the roof of the Davos Congress Hotel.   Photograph: Reuters/Ruben Sprich
Planet Business

In numbers: Welcome to Davos -6 Temperature in degrees Celsius in Davos, Switzerland, as the World Economic Forum (WEF) began on Wednesday, setting t(...)

British chancellor George Osborne, in Davos, welcomed the quantitative easing announcement but said it was not sufficient for a European recovery. Photograph: Chris Ratcliffe/Bloomberg

The stimulus package announced by the ECB should have several beneficial effects for Ireland, according to Government sources. The expected weakening (...)