Economy
  • 1 неделя назад 21.09.2022Economy
    News The Buckshee
    The Federal Reserve is poised to deploy another supersized interest rate hike to fight the sharpest price surge in 40 years, a move that has drawn remarkably little political pushback despite rising market anxiety just weeks before an election. That could change, with more and more voices from Washington to Wall Street warning that the central bank might end up doing serious damage to the economy. The World Bank last week raised the specter of a global recession, driven by…
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  • 2 недели, 1 день назад 13.09.2022Economy
    U.S. inflation falls for 2nd straight month on lower gas costs
    Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. Consumer prices surged 8.3% in August compared with a year earlier, the government said Tuesday. Though still painfully high, that was down from an 8.5% jump in July and a four-decade high of 9.1% in June. On a monthly basis, prices rose 0.1%, after…
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  • 3 недели, 5 дней назад 02.09.2022Economy
    G-7 announces price cap deal on Russian oil in win for Yellen
    Finance ministers from the Group of Seven major economies announced an agreement Friday to impose a cap on the price importers pay for Russian oil, in a bid to shrink a key source of revenue the Kremlin uses to finance its war in Ukraine. “We seek to establish a broad coalition in order to maximize effectiveness and urge all countries that still seek to import Russian oil and petroleum products to commit to doing so only at prices at or…
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  • 3 недели, 5 дней назад 02.09.2022Economy
    Powell’s warning of ‘pain’ could bring pain on the Fed itself
    Federal Reserve Chair Jerome Powell is entering perilous new territory as he warns the American people of coming economic pain from sharply higher interest rates, with signs of political frustration already surfacing. With inflation at more than a four-decade high, Powell and other Fed officials in the past week have torpedoed the hopes of many investors, lawmakers and labor advocates that the central bank will be able to achieve a “soft landing” — a slowdown in growth that curbs spiking…
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  • 4 недели назад 31.08.2022Economy
    News The Buckshee
    The Federal Reserve’s aggressive efforts to ratchet up interest rates have spurred concerns that the U.S. economy is heading toward a recession. But one pivotal industry may already be there. The housing market has cooled so much as the Fed withdraws its support for the economy that some analysts say it may be in a slump. Mortgage rates nearly doubled in the first half of the year. The Fitch ratings service has raised the specter of a “severe” downturn that…
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  • 1 месяц назад 26.08.2022Economy
    Fed’s Powell vows to battle high inflation to avoid ‘far greater pain’
    JACKSON HOLE, Wyo. — Federal Reserve Chair Jerome Powell on Friday vowed that he won’t back down in the fight against high inflation, saying the central bank will do what it takes to rein in prices. In a closely watched speech at the Fed’s annual conference in Wyoming, Powell foreshadowed not only further interest rate increases but also warned that rates might need to stay high for some time to ensure that price spikes do not persist. “We must keep…
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  • 1 месяц назад 25.08.2022Economy
    Powell hits Wyoming to redefine Fed’s great inflation debate
    Federal Reserve Chair Jerome Powell, who last year reassured Americans that high inflation would likely be temporary, is expected to offer a darker message this week in the most closely watched speech of his tenure: The fight against spiking prices is far from over. Powell’s optimistic words at the annual Jackson Hole conference in 2021 were followed by the biggest sustained surge in prices that the U.S. has seen in four decades. Since then, he has shifted gears and sharply…
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  • 1 месяц, 3 недели назад 03.08.2022Economy
    The Fed’s global problem
    The Federal Reserve’s efforts to fight inflation threaten to send the U.S. economy into a recession. They could also spark a series of economic crises in developing countries around the world. Higher interest rates are making it more expensive for many emerging economies to pay off the crushing debt they took on to survive the pandemic. On top of that, the war in Ukraine has sent the cost of staples like food and fuel skyrocketing. That’s bad news for dozens…
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  • 2 месяца назад 29.07.2022Economy
    Biden enters the Always Be Closing phase of his first term
    Somehow, someway, Joe Biden is back in the game. After enduring a brutal year dominated by economic angst, legislative setbacks and sinking approval ratings, the president is suddenly on the verge of a turnaround that, the White House believes, could salvage his summer — and alter the trajectory of his presidency. All he needs to do now is close. “There’s just so much at stake here,” said one adviser to senior party leaders, describing how, overnight, a sense of enormity…
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  • 2 месяца назад 28.07.2022Economy
    U.S. economy shrinks again, creating new headwind for Biden
    The White House faces a fresh political nightmare as a report Thursday showed the economy contracted 0.9 percent in the second quarter of the year, offering Republicans a tantalizing opportunity to declare that the economy under President Joe Biden is now in a recession. The report from the Commerce Department on gross domestic product over the April-June period followed a first-quarter decline of 1.6 percent and meets one – though far from the only – criteria for an economic recession.…
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  • 2 месяца, 2 недели назад 13.07.2022Economy
    Pay raises are getting smaller. That could be a good thing for workers.
    Wage gains for American workers are beginning to slow, threatening one of the few positive trends for the economy since the pandemic. But that could be good news for the nation’s labor force. The government on Wednesday reported that inflation soared 9.1 percent in June — the biggest 12-month jump since November 1981. Prices rose across the board, but not because of salary increases, which have actually leveled off in recent months. That matters because if prices and wages keep…
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  • 2 месяца, 2 недели назад 13.07.2022Economy
    U.S. inflation reached a new 40-year high in June of 9.1%
    Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow. Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981, and up from an 8.6% jump in May. On a monthly basis, prices rose 1.3% from May to June, another…
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  • 2 месяца, 3 недели назад 08.07.2022Economy
    News The Buckshee
    The U.S. labor market is still booming, giving a much-needed boost to President Joe Biden’s insistence that the economy is strong despite talk of a looming recession. But Friday’s hot jobs report holds a potential drawback for the administration. Four months before the midterm congressional elections, White House officials are in the unthinkable position of hoping for a hiring slowdown, which would give the Federal Reserve less incentive to crank up interest rates to cool the economy. Employers added 372,000…
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  • 3 месяца, 2 недели назад 15.06.2022Economy
    Fed gets more aggressive in inflation battle
    The Federal Reserve on Wednesday pulled the trigger on its largest interest rate increase in nearly three decades and signaled that it would raise borrowing costs this year more than anticipated, with blistering-hot inflation showing no signs of abating. The Fed’s aggressive actions have raised fears that the central bank might cause a recession in its bid to tamp down the worst price spikes in four decades, though the policymakers themselves are hoping to avoid that outcome. But they are…
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  • 3 месяца, 2 недели назад 15.06.2022Economy
    News The Buckshee
    The Federal Reserve is poised to send a message to the American people that it has the worst inflation in 40 years under control. But the signal that many investors and economists are taking from the central bank is less reassuring: A recession could come as early as this year. Fears of an economic slump are mounting as Fed officials gather in Washington to consider raising interest rates higher than expected to battle price spikes. Central bank policymakers had let…
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  • 3 месяца, 2 недели назад 10.06.2022Economy
    U.S. inflation hit a new 40-year high last month of 8.6 percent
    The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6 percent last month from 12 months earlier, faster than April’s year-over-year surge of 8.3 percent, the Labor Department said Friday. On a month-to-month basis, prices jumped 1 percent from April to May, a steep rise from the 0.3 percent increase from March to April. Much higher gas prices were…
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29.09.2022
Liz Truss warned her biggest mistake was to drop US trade deal giving ‘bully Biden’ a win
Liz Truss has made a major tactical error in dropping the UK/ US trade deal a leading Washington insider has…
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29.09.2022
‘Blatant political meddling’: IMF branded ‘EU stooge’ after UK income tax intervention
Attempts by the International Monetary Fund (IMF) to persuade Prime Minister Liz Truss to rethink the decision to scrap the…
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13.09.2022
U.S. inflation falls for 2nd straight month on lower gas costs
Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though…
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02.09.2022
G-7 announces price cap deal on Russian oil in win for Yellen
Finance ministers from the Group of Seven major economies announced an agreement Friday to impose a cap on the price…
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29.09.2022
Robert Sarver is expected to sell the Phoenix Suns for $3billion ahead of start of new season
The Phoenix Suns are expected to sell for an estimated $3billion after current team owner Robert Sarver was slapped with…
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29.09.2022
Why Penrith’s Izack Tago is the only NRL player who still has a flip phone grand final Eels
You’d expect a 20-year-old athlete about to play in one of the biggest games of his life to be on…
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29.09.2022
Evan Peters shares the ‘one rule’ Dahmer writer Ryan Murphy issued star ‘Never sympathise’
WandaVision and American Horror Story star Evan Peters has now taken on his most challenging role in portraying one of…
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29.09.2022
Heartbreak High is a smash hit for Netflix, silencing critics who said it was ‘took woke’
The Heartbreak High reboot on Netflix has exceeded expectations by becoming one of the streaming platform’s most-watched programs globally. The…
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