Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.
Obviously, the war in Ukraine is a tragedy of monumental proportions. Over three million Ukrainians have fled their country in the aftermath of Russia’s invasion. While brave Ukrainians have put up a very stout defense of their nation, the Russians have been able to take control of some areas and are killing innocent civilians.
The Bank of England has warned that inflation could hit 8 per cent by as early as next month in Britain as it raised interest rates to pre-pandemic levels on Thursday.
Officials from the administrations of presidents Joe Biden and Andres Manuel Lopez Obrador in recent days discussed their concern about the impact that rising food and energy prices will have on the region
A slight majority of Americans — 52 percent — don’t expect President Biden to run for re-election in 2024, citing his age, feeble favorability ratings and his response to inflation and rising prices, according to a survey released Tuesday.