Category: Economy
Fed announces supersized interest rate hike
The Federal Reserve on Wednesday announced an interest rate hike of three-quarters of a percentage point, the largest increase in borrowing costs in [...]
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 [...]
Biden highlights cuts to federal deficit, calls out GOP ‘reckless spending’ claims
Biden highlights cuts to federal deficit, calls out GOP ‘reckless spending’ claims
www.politico.com [...]
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 abilit [...]
At Summit of the Americas, Biden details new Latin America economic plan
At Summit of the Americas, Biden details new Latin America economic plan
www.politico.com [...]
Harris announces initiative to empower women economically in northern Central America
Harris announces initiative to empower women economically in northern Central America
www.politico.com [...]
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 Da [...]
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 call.
Fo [...]
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 on the politic [...]
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 h [...]
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 sl [...]
The Biden boom turns into a GDP bust
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 A [...]
U.S. economy shrank by 1.4 percent in Q1 but consumers kept spending
The economy is facing pressures that have heightened worries about its fundamental health and raised concerns about a possible recession. Inflation i [...]
IMF warns of ‘severe’ global economic risk from war in Ukraine
“In the matter of a few weeks, the world has yet again experienced a major, transformative shock,” Gourinchas said. “Just as a durable recovery from [...]
What could go wrong with Biden’s booming economy? Here are the big risks.
With the U.S. government reporting this week that inflation has hit a four-decade high and the Fed cranking up its efforts to drive down prices, Pres [...]