Rising food prices are hurting restaurants, diners
The restaurant scene such as the one in Chinatown should brace for change amid rising inflation. Anadolu Agency | Anadolu Agency | Getty Images SYDNEY...
Bank of England says pension funds were hours from disaster before it intervened
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United...
Strong US dollar stokes fear of most severe currency crash since 1997
The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not...
El-Erian says Bank of England’s latest rescue move shows we are still in central bank ‘la-la land’
The Bank of England’s Wednesday reversal where it announced it would start buying bonds to ease market stress shows the bind central banks find themselves...
Mortgage refinancing drops to a 22-year low
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty...
Ray Dalio says UK’s economic plan suggests incompetence
Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on...
Inflation accelerated even more than expected in August
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows...
Stubborn inflation forces more Americans to live paycheck to paycheck
Inflation is a persistent problem The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in...
Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect
Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not...
Energy, inflation crises risk pushing big economies into recession: OECD
The Federal Reserve is widely expected to hike interest rates by 75 basis points on Wednesday with inflation running at a 40-year high, but aggressive...