Inflation Can Take Years To Tame Even With 10% Hikes
To the surprise of many, inflation has proven quite persistent for a full year now, even as the numbers at the end of April showed an 8.3% rate. Looking back…
Fed’s Mester Says Inflation Hasn’t Peaked – Multiple Hikes Are Needed
On Friday, Cleveland Federal Reserve President Loretta Mester said she sees no evidence of inflation having peaked, and supports a series of aggressive rate hikes to further tame inflation. Mester…
Turkish Inflation 73.5%, Highest Since 1998
Inflation in Turkey his an annual 73.5% in May, data showed on Friday, climbing to its highest level since 1998 as President Recep Tayyip Erdogan continues to be dogged by…
Summers: Inflation Won’t Get ‘Close to Target’ Without ‘Very High Turbulence’
Speaking on Bloomberg’s Wall Street Week, Larry Summers, Harvard Professor, former Director of the National Economic Council, and Treasury Secretary under Bill Clinton, said that inflation will not get “close…
Walsh Says Job Market Can Maybe Stay Hot And Inflation Drops
On CNN Newsroom Friday, Labor Secretary Marty Walsh indicated he feels the job market may not need to cool, to bring inflation down, and that, “we have to continue to…
Larry Fink Of Blackrock Sees Potential For ‘Big Shock’ From Inflation
Larry Fink, CEO of Blackrock, thinks investors are underestimating the potential effects of a spike in inflation. At a virtual event hosted by Deutsche Bank AG on Wednesday, Fink said,…
The Fed To Begin Quantitative Tightening
Starting on Wednesday, the Federal Reserve will begin reducing its almost $9 trillion portfolio. This process is designed to supplement rate hikes as the Fed tries to get control of…
Inflations Slows to 6.3% in the PCE
The Personal Consumption Expenditures Price Index, a measure of inflation the Fed puts considerable weight upon,, declined for the first time since November 2020, from a 40 year high of…
New Survey Finds Inflation Forcing Retirees Back To Work
A survey from ResumeBuilder.com of 800 retirees, at least 54 years old, found one in five are saying they are likely to return to work this year, with 69% citing…
A Harvard Economist Says Consumer Activity and Gasoline Prices Are Optimistic Indicators
Jason Furman, a Harvard professor and former presidential economic adviser under Barack Obama, said in a recent interview that current market volatility is inevitable given the Federal Reserve’s interest rate…
