July 8, 2022
“The night before a political bombshell had dropped: the economy minister, Martin Guzman, had suddenly resigned. And Argentines, long accustomed to financial chaos, knew the current crisis was about to get a lot worse. So before the peso could plunge… Continue Reading…
July 1, 2022
“…Earlier in June, we learned manufacturers’ delivery times in the New York Fed and Philadelphia Fed’s regions had gotten significantly shorter during the month. Since then, we’ve learned from the Kansas City Fed and Richmond Fed that delivery times also improved in their regions. However, delivery… Continue Reading…
June 28, 2022
“…Ground beef prices are up 36% from a year ago, while chicken breasts gained by a third, according to a survey from the American Farm Bureau Federation. Overall, revelers can expect to spend 17% more on food for a barbecue,… Continue Reading…
June 28, 2022
“California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.” “Millions of Californians will be receiving up to $1,050 as part of a NEW middle class… Continue Reading…
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 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 14, 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 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: 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 2, 2022
“US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability… Yellen and other White House officials once framed inflation as… Continue Reading…
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