A member of the Bank of England’s rate setting committee has said they may have to raise UK interest rates to 2% or more to get control of soaring inflation.…

The bureau of Labor Statistics issued the Consumer Price Index on Wednesday, and it showed inflation soared 9.1% year over year, well exceeding the Dow Jones estimate of 8.8%. It…

As everyone focuses on the Fed’s battle with inflation, and whether or not it will trigger a recession, most are ignoring a reality that already appears present – stagflation. That…

The cost of childcare is skyrocketing alongside everything else, and this is putting even more pressure on families than the regular consumer. Care.com launched a survey, in which almost two…

As the Federal Reserve commits to an aggressive policy of monetary tightening, the International Monetary Fund has downgraded its US growth forecast, though it believes the US will “narrowly” avoid…

In Britain inflation is ravaging the average consumer. In May it hit a 40 year high, as soaring food prices drove the overall number up to 9.1%. That is the…

Federal Reserve Chair Jerome Powell, in his testimony to Congress Wednesday, admitted that Federal Reserve interest rate hikes could precipitate recession, as they try to tame runaway inflation. Mr. Powell…

Harvard Professor, economist, and former Treasury Secretary Larry Summers said on Bloomberg’s Wall Street Week that inflation will not drop to normal levels, “without a significant increase in unemployment of…

The Bank of England has revised its inflation predictions, now saying the UK will have 11 percent inflation rates by the fall. Huw Pill, the chief economist for the Bank…

By the end of last week, the S&P 500 had fallen 23.4% off its high, putting the market well within bear territory. Unfortunately, markets that enter bear territory are historically…