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.
Federal Reserve
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...