Posted in ! #Headlines #Economy #Money #Newsfeed #Politics inflation

Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand

The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to…

Continue Reading... Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand
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Fears of Fed-induced pain grow, from global recession to deflation

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…

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The Fed Is Getting Even Tougher on Inflation. Here’s What To Watch First.

In August, central bankers and economic pundits from around the world descended on Jackson, Wyo., to hear the keynote speech at the Federal Reserve’s annual…

Continue Reading... The Fed Is Getting Even Tougher on Inflation. Here’s What To Watch First.
Posted in ! #Headlines #Axios #BusinessNews #Economy #Government #Newsfeed #Politics inflation

Price controls are back

The inflation, energy and security shocks walloping the world economy are driving a kind of government intervention in markets last seen in the 1970s. Why…

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Warren ‘very worried’ the Fed will cause a recession

Sen. Elizabeth Warren expressed clear concern Sunday about the Federal Reserve’s push to counter inflation on CNN’s “State of the Union.” “What’s worse than high…

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Posted in ! #Headlines #Economy #Money #Newsfeed #Trending #UK inflation

UK inflation hits 10.1%, driven by soaring food and fuel prices

ONS July figure shows further increase from 9.4% in June – rising to highest level since 1982 Analysis: A 13% peak for UK inflation looks…

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Argentina hikes rate to 69.5% as inflation surges to 30-year high

Consumer prices soared 71 percent in July compared to a year ago, the government said on Thursday. Source: https://www.aljazeera.com/economy/2022/8/11/argentina-hikes-rate-to-69-5-as-inflation-surges-to-30-year-high Droolin’ Dog sniffed out this story…

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Posted in ! #Headlines #BusinessNews #Economy #Employment #Government #Jobs #Newsfeed #Political #Politico #Trending inflation unemployment

U.S. employers added 528,000 jobs; unemployment falls to 3.5%

America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession. July’s hiring was…

Continue Reading... U.S. employers added 528,000 jobs; unemployment falls to 3.5%
Posted in ! #Headlines #BusinessNews #Economy #Food #Newsfeed #Trending inflation

Nestlé raises prices by 6.5% in first six months of the year

Swiss food and beverage group says sales rose 9.2% driven by price increases, beating expectations The maker of KitKat, Nespresso, Häagen-Dazs ice-cream and Maggi stock…

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Posted in ! #Headlines #Energy #Money #Newsfeed #TechNews bitcoin inflation

Cryptomining boom has people’s energy bills skyrocketing; feds mull new rules

Enlarge (credit: Andriy Onufriyenko | Moment) This is not the summer that Americans want to deal with an unknown number of cryptocurrency firms unexpectedly flooding…

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Posted in ! #Headlines #Economy #Energy #Newsfeed inflation oil and gas

Gas prices have been tumbling for 30 days straight, but not all drivers are seeing the benefits

U.S. gasoline prices have now declined for 30 days in a row, a trend that will provide some relief to consumers living through the worst…

Continue Reading... Gas prices have been tumbling for 30 days straight, but not all drivers are seeing the benefits
Posted in ! #Headlines #Banking #BusinessNews #Economy #Money #Newsfeed inflation

U.S. inflation rises 9.1% in June, more than expected, as prices keep climbing

The Consumer Price index, which measures changes in the cost of a basket of goods, jumped 1.3% in June compared to the 1% increase in…

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Posted in ! #Headlines #Economy #Newsfeed #Political inflation

Inflation plunged 71 million into poverty since Ukraine war

UN Development Programme report finds surge in commodity prices hitting parts of world’s regions hard. Source: https://www.aljazeera.com/news/2022/7/7/inflation-pushed-71m-people-into-poverty-since-ukraine-war-undp Droolin’ Dog sniffed out this story and shared…

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Colorado’s cannabis industry prepares for tough times as U.S. recession looms

Colorado’s cannabis industry is preparing for tough times as marijuana sales drop and economic problems pile up. During the COVID-19 pandemic lockdowns, weed businesses serviced…

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Posted in ! #Headlines #Banking #BusinessNews #Economy #Government #Money #Newsfeed #Political inflation

Fed set for largest rate hike in decades

The Federal Reserve is expected to announce the biggest interest rate hike since 1994 on Wednesday after an alarming inflation report and a stock market…

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Posted in ! #Headlines #Axios #Economy #Employment #Jobs #Money #Newsfeed inflation

What workers really want: raises that beat inflation

You might have heard that nowadays workers want flexibility or jobs with a sense of purpose. But with inflation on the rise, something far more…

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Posted in ! #Headlines #BusinessNews #Government #Money #Newsfeed #Trending inflation

Markets brace for sharpest rise in US interest rates in almost 30 years

Federal Reserve expected to increase cost of borrowing by 0.75 percentage points to curb rising inflation The world’s financial markets are bracing themselves for the…

Continue Reading... Markets brace for sharpest rise in US interest rates in almost 30 years
Posted in ! #Headlines #Economy #Money #Newsfeed #People #Political #Politico #Trending inflation

Inflation strikes twice for many retirees

Spiking inflation is helping push up taxes on a group that lawmakers are loath to cross: the elderly. While Social Security benefits increase along with…

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Posted in ! #Headlines #BusinessNews #Economy #Money #Newsfeed #Trending #UK #WorldNews inflation

Bank of England raises interest rates as it warns of recession and 10% inflation

Rise to 1% is fourth successive increase and highest level since February 2009 The Bank of England has warned that the cost-of living crisis could…

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Posted in ! #Headlines #Axios #Banking #BusinessNews #Economy #Money #Newsfeed inflation

Fed raises rates half a percentage point

The Federal Reserve enacted its steepest interest rate increase in more than 20 years Wednesday and indicated more monetary tightening is on the way, as…

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Posted in ! #Headlines #Axios #Banking #Economy #Government #Newsfeed inflation

The Fed gets serious about tighter money

The Federal Reserve’s policy announcement this afternoon will feel like something new. It will include the first in-person news conference in more than two years,…

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Posted in ! #Headlines #Money #Newsfeed #NewYork #NYC #People #Trending inflation new york nyc NY nypd nyfd protests

‘We can’t even buy food’: New Yorkers protest proposed rent increases

Recently proposed 9% hikes for rent stabilized apartments stoke panic as residents call on Eric Adams to roll it back At 64, Chen Renping has…

Continue Reading... ‘We can’t even buy food’: New Yorkers protest proposed rent increases