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The Bad Inflation News Continues
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The Bad Inflation News Continues

Anyone looking for inflation relief in the Federal Reserve’s preferred measure didn’t find it on Friday, and that probably means more financial trouble ahead as the Fed tightens further. The personal-consumption expenditure price index, which the Fed uses when it assesses price pressures in the economy, rose 6.2% in August from a year earlier. That’s...

With Stubbornly High Inflation, Forget a Soft Landing
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With Stubbornly High Inflation, Forget a Soft Landing

Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal Reserve continues its fight against stubbornly high inflation.#Stubbornly #High #Inflation #Forget #Soft #Landing Source link

Central Banks May Stoke Risks by Raising Interest Rates Together
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Central Banks May Stoke Risks by Raising Interest Rates Together

Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they don’t take into account their collective impact on global demand. According to the World Bank, the number of rate increases announced by central banks...

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Corporate greed, not wages, is behind inflation. It’s time for price controls | Robert Reich

On Wednesday, policymakers at the Federal Reserve – America’s central bank – continued their battle against inflation with a third straight supersize interest-rate increase. And they warned that they’re not done. They’ll continue to raise borrowing costs until inflation is tamed. They assume that the underlying economic problem is a tight labor market, causing wages...

ADB explains why RBI may slow down on rate cuts till next year
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ADB explains why RBI may slow down on rate cuts till next year

With economic activity still to reach pre-pandemic levels, the RBI may slow down the pace of rate hikes until next year to quell soaring inflation while supporting growth, the Asian Development Bank (ADB) says in its latest report. The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal...