June 15, 2022
“Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…
June 15, 2022
“The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage fears of a fresh debt crisis. The decision comes after the central bank surprised… Continue Reading…
June 15, 2022
“The Federal Reserve’s missteps in waiting too long to tackle the greatest run-up in prices in four decades has shaken trust across markets and the American public that it is up to the task of curbing inflation. On the eve… Continue Reading…
June 15, 2022
“Hedge funds tracked by Goldman Sachs Group Inc. offloaded US equities for a seventh straight day Monday, with the dollar amount of selling over the last two sessions exploding to levels not seen since the firm’s prime broker began tracking… Continue Reading…
June 14, 2022
“…The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling… Continue Reading…
June 13, 2022
“Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices… An increasing number of economists… Continue Reading…
June 9, 2022
“EDITOR’S NOTE: Social Security beneficiaries may see the largest cost-of-living adjustment (COLA) since 1981. COLA is projected to increase by 8% in 2023, giving beneficiaries a strong boost in their monthly Social Security benefits, hopefully enough to counter the effects of… Continue Reading…
June 9, 2022
“EDITOR’S NOTE: In the 1970s, the average cost of gas was around 39 cents per gallon. At the time, the price was painful. It was a period of high inflation, similar to what we’re experiencing today. Yet if we were to… Continue Reading…
June 7, 2022
“The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for… Continue Reading…
June 7, 2022
“The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, and many countries now faced recession… In a… Continue Reading…
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