This has been a topsy-turvy week for investors as Federal Reserve Chairman Jerome Powell pulled the strings in the stock market with a strong dose of reality. As part of Read more
Tag: 40year
Why did inflation surge to 40-year highs? Here are 4 causes of the Fed’s mistake
The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to Read more
CPI set to show inflation remained near a 40-year high in September
Inflation did not relent over the summer, and the cost of living in September is unlikely to show any letup in how much consumers are paying for goods and services. Read more
U.S. inflation surges again and stays at 40-year high, key price gauge shows
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still Read more
U.S. inflation surges again and stays at 40-year high, key price gauge shows
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still Read more
U.K. inflation hits fresh 40-year high of 9.4%
Inflation in the U.K. hit a fresh 40-year high of of 9.4% in June, driven by surging gas and food prices, according to the Office for National Statistics. Economists has Read more
U.S. stock futures inch higher ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Read more
As inflation sits at a 40-year high, the personal savings rate in America has fallen to its lowest level since 2008. Here’s the age group feeling most ‘uncomfortable’ about their savings now.
Do you have enough emergency savings? Getty Images With whispers of a recession in the air, many Americans, no doubt, want the cushion of a solid emergency savings fund (pros Read more