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Category: Economy

EconomyPosted on15.06.2022

Failure ‘not an option’: Fed vows all-out fight on inflation

“The worst mistake we could make would be to fail,” said Powell, who was appointed by President Joe Biden to another four-year term at the…

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EconomyPosted on15.06.2022

Recession fears grow as Fed mulls amping up fight against inflation

What’s driven the Fed to consider cranking up borrowing costs was an inflation report that defied expectations by coming in hotter than expected, as well…

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EconomyPosted on15.06.2022

‘When do you stop?’: Fed inflation fight could trigger slump

What’s driven the Fed to consider cranking up borrowing costs was an inflation report that defied expectations by coming in hotter than expected, as well…

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EconomyPosted on10.06.2022

U.S. inflation hit a new 40-year high last month of 8.6 percent

America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent and reducing their ability to…

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EconomyPosted on26.05.2022

China’s fragility feeds the doom-mongers in Davos

This time round, Xi, who has not left China since the coronavirus pandemic erupted two-and-a-half years ago, did not even dial in for a Zoom…

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EconomyPosted on26.05.2022

RIP Davos Man, long live globalization

No longer. Today political risk is multiplying and power is decentralizing, changing globalization with it. These tensions were on full display in Davos this week.…

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EconomyPosted on22.05.2022

U.S. economy is in a ‘period of transition,’ White House economic adviser says

Ongoing inflation — the highest America has seen since the 1980s — has not only hit many American consumers hard but also put a damper…

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EconomyPosted on11.05.2022

U.S. inflation hit 8.3% last month but slows from 40-year high

Nationally, the price of a gallon of regular gas has reached a record $4.40, according to AAA, though that figure isn’t adjusted for inflation. The…

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EconomyPosted on04.05.2022

Fed set to launch fresh assault on inflation in new era for economy

Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue. That prospect has sent stocks sliding…

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EconomyPosted on28.04.2022

Surprise GDP slump undercuts White House recovery story

In the latest Gallup poll released Wednesday, 4 in 5 adults rated current economic conditions as only fair or poor, and more than three-quarters of…

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