Inflation is plaguing American households amid the recovery from COVID-19 and the lockdown-induced recession. On Memorial Day — more than two years after the onset of COVID-19 — rising price levels are still making Americans’ wallets much lighter.
Coming off a fresh landslide victory in Hungary’s April elections, Hungarian Prime Minister Viktor Orbán and his Fidesz party have drawn conservatives from across the world to the Conservative Political Action Conference (CPAC) in Budapest, with many of them looking to Hungary for answers to the challenges facing Western civilization and an increasingly dominant left.
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.
