‘Shrinkflation’ Worries Many Consumers, Prompts Action
Many grocery stores are shrinking the size of their packages while keeping prices the same or even raising them, a phenomenon known as “shrinkflation.” Consumers...
Fed rate hikes won’t curb inflation if spending stays high, paper says
John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who...
How to preserve capital during inflation using cryptocurrencies? By Cointelegraph
[ad_1] How to preserve capital during inflation using cryptocurrencies? Just when the global economy largely recovered from the crippling effects of the COVID-19 pandemic, geopolitical...
We’re going to have one whopper of a recession in 2023
The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University,...
The global economy may have entered a new era: “The Great Volatility”
As many of the world’s most powerful economic policymakers took to the lectern at an annual economic symposium in Jackson Hole, Wyoming, in the last...
Fed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech
Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat to deliver a blunt message that the Fed will keep...
Global Economies Flash Warning of Sharp Slowdown
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as...
Treasury yields in focus as investors await Fed conference
U.S. Treasury yields were higher on Wednesday, as investors digested a fresh batch of economic data and Treasury auctions. The yield on the benchmark 10-year...
US Households Struggling to Save in an Inflationary Economy
A new report revealed that U.S. households are increasingly struggling to save money as the cost of living continues to impact Americans. According to Morning...