As part of an aggressive effort to combat high inflation, the Fed may raise interest rates by 0.75 percentage point later this month. The July 26-27 meeting left the door open for a full-point increase. In recent interviews and public comments before their premeeting quiet period, some of them dismissed… Continue reading →
Eroding wealth is affecting many people in a variety of ways, including rising inflation on goods and services, plummeting equity markets, and falling housing prices, to name a few. Governments and central banks, however, deny responsibility for the economic climate they have created, blaming Putin for higher food and energy… Continue reading →
The roaring economic recoveries that followed the pandemic’s first year slowed due to supply-chain issues. The world machine is far too large and complex to restart operations in a matter of months. Slowing growth was also an unexpected occurrence. To top it all off, Russia decided to invade Ukraine, while… Continue reading →
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