Opinion: The Fed’s inflation promises are simply not credible
admin With inflation running high for the last 14 months, we can sadly conclude it’s entrenched,…
Read MoreEconomic Performance/Indicators
Turkey annual inflation rate reaches nearly 24-year high
Turkey’s annual inflation rate accelerated again in July, marking its highest print since September 1998,…
Read MoreEurozone retail sales fell in June due to higher prices
Eurozone retail sales fell in June due to rising inflation and declining consumer confidence among…
Read MoreAn inflation crisis ‘on steroids’: Advocates urge Congress and Biden administration to help tenants facing rising rents
To observe an inflation crisis “on steroids,” look no further than America’s rental housing market,…
Read MoreChina Caixin Services PMI improves further in July
The China Caixin services purchasing managers’ index, a private gauge of service-sector activity, improved further…
Read MoreFed’s Bullard says U.S. can conquer high inflation and avoid a recession
The president of the St. Louis Federal Reserve contends the central bank can restore inflation…
Read MoreTop Fed officials say U.S. interest rates to keep rising until high inflation eases
Two top officials at the Federal Reserve on Tuesday said the U.S. central bank needs…
Read MoreAustralia’s consumer confidence rises for third straight week as gas prices fall
SYDNEY — Australian consumer confidence rose last week, its third consecutive weekly rise, as gasoline…
Read MoreSouth Korea’s inflation hits near 24-year high
South Korea’s inflation rate hit a near 24-year high in July, accelerating to top 6.0%…
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Opinion: Higher prices lead to higher wages, which fuel higher prices. The Fed must break this cycle with aggressive rate increases.
CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the U.S.…
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