Can Central Banks Maintain Their Autonomy?
As the world’s central bankers gather this week at the Federal Reserve’s annual mountain retreat in Wyoming’s Grand Tetons, soaring prices pose the biggest test...
Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle
U.S. stocks tumbled Friday, with the Dow Jones Industrial Average closing down more than 1000 points for its worst daily percentage drop since May, after...
Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay?
Central bankers worry that the recent surge in inflation may represent not a temporary phenomenon but a transition to a new, lasting reality. To counter...
Wall Street Bets the Fed Is Bluffing in High-Stakes Inflation Game
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Social Security Benefits Are Heading for the Biggest Increase in 40 Years
Social Security recipients are on track to receive the highest cost-of-living increase in more than four decades next year. Social Security checks get an inflation...
Gold ends at six-week high, topping $1,812 as investors await inflation report
Gold futures closed at their highest level in six weeks on Tuesday, as stocks and the dollar slumped ahead of Wednesday’s U.S. consumer-price index update...
Opinion: The Fed’s inflation promises are simply not credible
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and...
Recession or Not, the Recovery Has Ended
Whether a recession is eventually declared, the message from the latest economic data is just as sobering: The recovery is, effectively, over. To be sure,...
When will inflation peak? Consumers and economists see light at the end of the tunnel (it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic...