US wholesale inflation rose a hotter-than-expected 0.7% in August — the biggest advance in 14 months. For the full article, click here.
Federal Reserve
The Federal Reserve Increases Interest Rates amid Banking Crises
The Federal Reserve continued to increase interest rates by quarter of percent (25 basis points) on Wednesday, a decision subject to speculation by financial experts, as the central bank weighed reducing soaring inflation and the stability of the banking system. For...
The Federal Reserve Is a Dangerous Idea – We Better Change It | Thomas Sowell
Fed hikes interest rates by a sharp 0.75 percent despite recession fears
The Federal Reserve imposed the latest in a series of sharp interest rate hikes on Wednesday in a sign that policymakers aren’t backing down from an aggressive campaign to lower decades-high inflation. For the full article, click here.
Larry Summers urges Fed to admit unemployment will rise, end ‘confusion’
The Federal Reserve is causing “confusion” among investors by avoiding a clear declaration that unemployment is likely to rise during its fight against inflation, according to ex-Treasury Secretary Larry Summers. For the full article, click here.
US recession this year ‘more likely than not,’ analysts warn
The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. For the full article, click here.
Key Inflation Rate Surges to 6.6%, Highest Since 1982
The Federal Reserve’s preferred inflation gauge showed consumer prices were up 6.6 percent in March compared with a year earlier, indicating that inflation accelerated from the 6.4 percent pace recorded in February, according to data from the Bureau of Economic...
Biden nominee to Federal Reserve board has backed reparations: report
One of President Biden’s recent nominees to the Federal Reserve’s Board of Governors has repeatedly called for black Americans to receive reparations for years of economic discrimination and slavery, according to a report on Monday. For the full article, click...