Jerome Powell, US Federal Reserve Chairman, speaks during a federal hearing event in Washington, D.C., US, on Friday, September 23, 2022. This week, Federal Reserve officials gave their clearest signal yet that they are willing to take on a recession as a necessary trade-off to regain control of inflation. . Drago | Bloomberg | Getty … Read more
Americans should stay calm, boost their personal savings and sharply monitor their long-term fiscal plan like the Federal Reserve raises interest ratespersonal finance experts told The Post. The Federal Reserve raised its benchmark interest rate by 0.75% on Wednesday for the third consecutive month. By raising interest rates, the Fed makes it more expensive to … Read more
It was a robbery that was as shameless as it was simple. On the morning of November 29, 1985, a couple entered the University of Arizona Museum of Art in Tucson, Arizona. Within minutes, “Woman-Ocher” – a painting by Dutch-American artist Willem de Kooning – was gone. Museum curator Olivia Miller described the theft in … Read more
Inflation is by far the word of 2022. The prices of soaring goods and services have reached their highest levels in 40 years, which greatly affects the purchasing power of households. To relieve consumers, the Federal Reserve embarked on aggressive behavior monetary policycharacterized by a sharp rise in interest rates. Economists warn that this monetary … Read more
“We’re hearing more and more about shippers and railroads,” said John Drake, vice president of transportation, infrastructure and supply chain policy at the US Chamber of Commerce. The chamber is calling on the two sides to reach an agreement that averts the first national rail strike in 30 years. Unions and the National Railroad Conference, … Read more
According to data released on September 8 from the Bureau of Labor Statistics, American consumers indulged in entertainment in 2021. People were photographed here at Nathan’s Famous at Coney Island in New York in May of 2021. Alexey Rosenfeld/Getty Images/File After spending 2020 as a deadly, rapidly spreading virus that defined most aspects of daily … Read more
On Thursday, the European Central Bank announced a 75 basis point rate hike, raising the deposit rate to 0.75%. “This major step advances the transition from the prevailing ultra-facilitative level of policy rates to levels that will ensure a timely return of inflation to the ECB’s medium-term target of 2%,” it said in a statement. … Read more
Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters Here are the most important news that investors need to start their trading day: 1. Looking for direction Stocks are pulling back, and it’s hard to see how the markets shake that out anytime soon since … Read more
