The Fed

Inflation at 40-year high.

Waning optimism over global economic growth prospects and rising stagflation fears have prompted investors to seek shelter in investment hedges.

The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away.

The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures.

Know-nothing pundits and politicians have been communicating to Americans that inflation is, like the weather, a mystery they can’t control.

White House aides were out in force on Monday warning that Tuesday’s inflation report would be ugly and blaming it on Vladimir Putin.

Gas prices rocket 48% in past 12 months.

Oh, you want to buy a house? The bad news is that right now, you would pay a historically high price for a home, and as of today, you’d also hand over more money in interest for the privilege to do so — a whopping 5 percent, on average.

https://youtu.be/66iam-kA9uQ

U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.