/cloudfront-us-east-1.images.arcpublishing.com/tgam/6Z2LX6G3ABCBNJNGRL5AAXGQZ4.JPG)
Fed must raise interest rates by 150 basis points: Wells Fargo
It’s a move that would likely cause panic on Wall Street. But Michael Schumacher of Wells Fargo Securities suggests the Federal Reserve is raising interest...
Inflation
-
-
Some Millennials, Gen Zers Are Leaving Investment Accounts Due To Inflation
According to a recent survey by Ally Financial, it has been a difficult year for the stock market, with some consumers closing investment accounts due...
-
Layoffs are on the horizon, some economists say
From soaring inflation to a red-hot job market and negative gross domestic product in between, economists are divided on the health of the U.S. economy....
-
2-Year Treasury Yields Hit New 15-Year High
Treasury yields rose Tuesday as traders await the Federal Reserve’s decision on rate hikes, expected to be announced Wednesday. The policy-sensitive 2-year Treasury gained about...
-
Elon Musk warns again about future problems
Elon Musk is concerned about the future of the economy. The CEO of electric car maker Tesla (TSLA) has in recent days reiterated its fears...
-
CNBC’s Joe Kernan criticizes Biden adviser for painting ‘beautiful picture’ about struggling economy
CNBC host Joe Kernen called on Biden’s economic adviser Heather Boushey on Monday during a heated discussion over government messages about the struggling US economy....
-
Westpac now expects an additional rate hike next year, bringing the February spot rate to 3.6 percent
Borrowers are in for even more bad news as Westpac expects an additional interest rate next year to tackle its worst inflation in three decades....
-
Biden declares the pandemic over. People behave like this too
CNN — President Joe Biden made several unequivocal and controversial statements in an interview with “60 Minutes” that aired Sunday. Amongst them: There was some...
-
With inflation still high, the Fed may be a long way from stopping rate hikes
Rising interest rates have only moderately dented inflation so far and may need to move significantly higher, according to Morgan Stanley. Falling gasoline prices over...
-
US beer shortage and price hikes threaten carbon dioxide shortages and barriers to supply
The supply chain crisis and an extinct volcano are creating a new beer shortage. “We’ve been doing delivery to delivery for the past few weeks...