Economy
  • 1 неделя, 6 дней 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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  • 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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  • 2 недели, 4 дня 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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  • 1 месяц назад 26.05.2022Economy
    RIP Davos Man, long live globalization
    DAVOS, Switzerland — Globalization isn’t over, it’s just outgrowing the World Economic Forum. Once upon a time globalization was mostly about economics: intensifying trade, falling tariffs, outsourcing and the rise of multinational brands. It was Western-led, financialized and championed by global institutions like the World Trade Organization — and assumed. In the glory days of the post-Cold War world, this was the good and natural order of things according to the CEOs and political leaders that mingle at the World…
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  • 1 месяц назад 26.05.2022Economy
    News The Buckshee
    What a difference five years makes. Davos has gone from debating China’s seemingly indomitable rise to fretting about its weakness. When Chinese President Xi Jinping took the stage at the World Economic Forum in 2017, he was the man of the moment. Standing at the podium in the exclusive Swiss resort town for the first time, Xi mapped out China’s muscular economic gameplan — just three days before Donald Trump was inaugurated as U.S. president, vowing to pursue an isolationist,…
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  • 1 месяц, 1 неделя назад 22.05.2022Economy
    U.S. economy is in a ‘period of transition,’ White House economic adviser says
    National Economic Council Director Brian Deese said Sunday that the high inflation rates across the country are a result of the economy’s “period of transition” in recovering from the pandemic. “We’re moving from the strongest economic recovery in modern history to what can be a period of more stable and resilient growth,” he said on “Fox News Sunday.” And although talk of a recession gained traction in recent weeks, Deese said that Americans hit with higher costs — at the…
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  • 1 месяц, 2 недели назад 11.05.2022Economy
    U.S. inflation hit 8.3% last month but slows from 40-year high
    Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest rate since 1981. On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.…
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  • 1 месяц, 3 недели назад 04.05.2022Economy
    News The Buckshee
    For more than a decade, the Federal Reserve has kept interest rates at historic lows and gone to extraordinary lengths to help markets survive a financial meltdown and then a pandemic. Now, it’s pulling back, and Wall Street is entering a new world. At a meeting on Wednesday, the Fed announced a supersized increase in interest rates and laid out plans to shrink its massive bond holdings starting on June 1, in a bid to put the brakes on the…
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  • 2 месяца назад 28.04.2022Economy
    News The Buckshee
    The contraction of the U.S. economy in the first quarter may be more of a political than an economic problem for the White House: The negative news disrupts the administration’s narrative that growth is healthy despite decades-high inflation. Gross domestic product shrank at a 1.4 percent annual rate as strong demand drew a flood of imports, the Commerce Department said Thursday, well below the 1 percent growth that economists had expected. It marked the first quarterly decline in activity since…
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  • 2 месяца назад 28.04.2022Economy
    U.S. economy shrank by 1.4 percent in Q1 but consumers kept spending
    The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate, but consumers and businesses kept spending in a sign of underlying resilience. The steady spending suggested that the economy could keep expanding this year even though the Federal Reserve plans to raise rates aggressively to fight the inflation surge. The first quarter’s growth was hampered mainly by a slower restocking of goods in stores and…
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  • 2 месяца, 1 неделя назад 19.04.2022Economy
    IMF warns of ‘severe’ global economic risk from war in Ukraine
    The global economic outlook has “worsened significantly” since January because of Russia’s invasion of Ukraine and the resulting sanctions by the West, according to the latest assessment of the world economy released by the International Monetary Fund on Tuesday. The war isn’t the only risk to economic growth: The IMF warned of potential new bottlenecks in global supply chains due to the recent lockdowns in China and noted that higher inflation has led many countries to tighten monetary policy. “Overall…
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  • 2 месяца, 2 недели назад 14.04.2022Economy
    What could go wrong with Biden’s booming economy? Here are the big risks.
    Treasury Secretary Janet Yellen, who has spent the last year touting low unemployment and rapid growth, delivered a different message on Wednesday: New risks will test the strength of the U.S. and global economies. Yellen said that with prices spiking around the world, especially of key commodities like oil and wheat, she’s worried about the possibility of a recession in Europe, which is most vulnerable to the fallout from Russia’s war on Ukraine. She also said the Federal Reserve would…
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  • 2 месяца, 2 недели назад 12.04.2022Economy
    U.S. inflation jumped 8.5 percent in past year, highest since 1981
    Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. The Labor Department said Tuesday that its consumer price index jumped 8.5 percent in March from 12 months earlier — the biggest year-over-year increase since December 1981. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to…
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  • 2 месяца, 2 недели назад 10.04.2022Economy
    Psaki: Student loan borrowers likely to have to pay debt ‘sometime’
    White House press secretary Jen Psaki said Sunday that she suspects student loan borrowers will have to start paying their debt at some point during the Biden administration. “I suspect that sometime you will, but again, we are going to continue to assess every month, every few months on where things stand, both looking of course at Covid, but also economic data and where we need to continue to help give the American people some breathing room,” Psaki said on…
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  • 3 месяца назад 24.03.2022Economy
    Biden’s mounting midterm threat: Inflation angst outweighing historic job growth
    Democrats once expected a thriving post-Covid economy to be their big strength heading into the midterms. Instead, the path to Election Day is littered with land mines for a party struggling to avoid annihilation at the ballot box. President Joe Biden and Democratic lawmakers face the threat of spiraling inflation, driven by soaring food, energy and lodging costs. The Federal Reserve is embarking on an aggressive series of interest rate hikes — as many as seven this year alone —…
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  • 3 месяца, 1 неделя назад 23.03.2022Economy
    Where are the bank cops? Biden struggles to fill top regulatory jobs
    President Joe Biden pledged to bring financial oversight back in style after four years of rule rollbacks under Donald Trump. But more than a year into Biden’s first term, none of the government’s major bank regulators have Senate-confirmed leaders. Sarah Bloom Raskin withdrew last week as Biden’s nominee for the top job overseeing banks at the Federal Reserve after facing opposition from Republicans and Sen. Joe Manchin (D-W.Va.). Moderate Democrats earlier rejected Saule Omarova, Biden’s pick to head another bank…
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22.06.2022
Jan. 6 committee interviews head of Trump’s Secret Service detail on day of Capitol attack
The Jan. 6 select committee has interviewed the top Secret Service agent on then-President Donald Trump’s protective detail during the…
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22.06.2022
Abortion access could soon be decided by the states. Here’s what the next governors say.
Washington won’t determine the landscape if the Supreme Court upends the current national order on abortion — it will be…
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15.06.2022
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…
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10.06.2022
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…
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29.04.2022
Matt Le Tissier reveals more controversial views on Covid and Ukraine war
Matt Le Tissier has doubled down on his controversial beliefs about the Covid pandemic with the Southampton legend claiming ‘PCR…
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29.04.2022
Todd Boehly on course to become new Chelsea owner as his consortium is set to be preferred bidder
American tycoon Todd Boehly is on course to become new Chelsea owner following a dramatic day that saw Britain’s richest…
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29.06.2022
Vick Hope flashes her toned abs in a white crop top following engagement to Calvin Harris
Vick Hope looked nothing short of sensational as she flashed her toned figure in a white co-ord at One Hundred…
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29.06.2022
Outrageous moment Dylan Alcott uses sex toy on Chantelle Otten in public
As Australia’s leading sexologist, Chantelle Otten certainly isn’t shy about expressing her kinky side. But the 31-year-old took things to…
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