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...
The drop has brought two-by-fours back to what they cost before the pandemic building boom and point to a sharp slowdown in construction.#Lumber #Prices #Fall #PreCovid #Levels Source link
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
After returning to the White House on Monday, the president is scheduled to host the Atlanta Braves before convening a meeting of the White House Competition Council.#Post #Politics #inflation #challenges #Biden #hold #event #focused #saving #money Source link
Business Standard In a Q&A, the council’s Global Chief Market-Strategist said the price of gold will face headwinds in the near future Topics India gold demand | Gold Prices | World Gold Council Rajesh Bhayani | Mumbai Last Updated at September 25, 2022...
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...
This week’s Jan. 6 hearing arrives amidst heightened political tensions – in terms of the other investigations around former President Donald Trump but also midterms and the economy. #Politics #chat #inflation #midterms #Trump #affect #Jan #hearing Source link
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...
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...
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps),...