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 situation in the Russian economy is stabilizing, while the ruble’s exchange rate is returning to the levels of early February, President Vladimir Putin said at a meeting on economic issues on Monday.
In spring 2020, state and local governments were confronted with cascading costs in managing the public health response to the pandemic, spiking unemployment, and steep sales tax and user fee revenue declines resulting from business disruption and restrictions.
Thinktank finds states that resisted the stricter COVID-related lockdown measures appear to have faired better overall during an assessment of pandemic-related detriments.
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.
America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
The word “billionaire” didn’t even exist until 1844. Fifty years later, we got “multibillionaire,” and for the next 127 years, that was enough. But in 2020, the rich got so much wealthier, we needed a new word: “centibillionaires.”
Americans are increasingly concerned about rising inflation, which is at its highest level in almost 40 years, according to a new Gallup poll released on March 29.
