The Superbowl is America’s most-watched television event of the year and this year the sector with the most advertising was crypto. The crypto ecosystem of digital money (e.g., Bitcoin), nonfungible tokens (NFTs), digital wallets, and trading platforms have appeared throughout popular culture from a skit on the late-night comedy show Saturday Night Live to a segment of the...

Inflation has defied expectations everywhere. Half of all inflation-targeting central banks in developing economies now face inflation rates above their target range. Economic growth is slowing in low- and middle-income economies. And a cycle of monetary-policy tightening has begun that already is unlike any in recent memory. A month from now, the U.S. central bank...