‘You should be terrified’: A TikToker has gone viral for explaining why anyone in the US earning less than $25/hour is in serious trouble. He has a point. But you can prove him wrong As if we didn’t have enough to worry about. A recession looks increasingly likely, through most of 2023. Inflation is rising, …
Comment this story Comment Investors have been watching Federal Reserve Chairman Jerome H. Powell’s remarks closely this week for clues about the next interest rate hike. They had a few. But if you’ve been paying attention, you may have noticed something far more significant, Powell says. Powell, one of the most powerful policy makers in …
The Federal Reserve has raised interest rates five times this year, essentially doubling them. His rationale is that higher rates will dampen inflation by reducing demand, especially in interest-rate-sensitive sectors like home and car purchases. The newly elected Republican House majority will try to further reduce demand by pushing hard to “cut spending.” A recession …
Fed policy: looking at the wrong side of the telescope Read More »
