Stock markets slide before Fed decision; German consumer morale drops – business live

You can read the full global financial stability report here.

Governments and central banks must maintain their pandemic rescue programmes or risk triggering a stock market crash, the International Monetary Fund has said.

Warning that there were legitimate concerns about a share price bubble, the Washington-based organisation said that without continued low interest rates and government subsidies it was possible a “correction’ in stock markets across the world would be the unwelcome result, writes our economics correspondent Phillip Inman.

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