The Federal Reserve launched another sortie against the fastest inflation in four decades on Wednesday, approving the fourth straight supersized rate increase and signaling more increases were likely in the months ahead.
President Joe Biden this week suggested that Americans struggling to afford basic necessities like groceries can switch to off-brand products in order to save money amid record inflation.
BofA Chief Investment Strategist Michael Hartnett (whose latest weekly note we will dissect shortly) has a favorite saying for when critical phase (to avoid...
As central banks move to quell 40-year high inflation, CEO confidence is at its lowest point since the Great Recession, according to a quarterly poll of...
Inflation from the perspective of business costs—which tend to get passed along to consumers—soared in September, reversing the prior month’s decline and coming in twice as high as markets expected, pointing to a drawn-out Fed fight against high prices.
Former Federal Reserve Chair Ben Bernanke, along with a few other folks, was awarded the Nobel Prize in economics on Monday for his role in deciding how the world handled major crises such as the 2008 recession and the COVID-19 pandemic.
