Fed’s Jerome Powell says ‘clock is running’ to cut inflation
The Federal Reserve will not let the economy slip into a “higher inflation regime” even if it means raising interest ...
Tag: inflation
Tesla layoffs ominous sign for white-collar workers
Recent reports of layoffs at Tesla are an ominous sign for white-collar workers nationwide, “Big Short” investor Michael Burry predicted ...
NY Fed President John Williams calls for higher interest rates
New York Federal Reserve Bank President John Williams on Tuesday called for further rapid interest-rate hikes to slow the economy and inflation, including a possible second ...
Cali. residents to receive up to $1,050 in ‘inflation relief’
Some 23 million residents of California who earn less than $250,000 a year will receive a check from the state ...
Gas stations reportedly put holds of up to $175 on card swipes
US gas prices have surged so much in recent months that major payment processing firms have reportedly increased the size ...
Inflation, recession fears spook retirement-age Americans
We’re freaking out. A bear market, plunging 401(k) plans, and rising inflation have Americans properly spooked — especially those in ...
Uber brings back ‘Uber Pool’ as ‘UberX Share’
Uber is bringing back a feature that allows customers in large US cities to pay lower fares in exchange for ...
Joe Biden’s economic czar Brian Deese dodges inflation question
A top economic adviser to President Biden repeatedly dodged the question of when the scorching, decades-high inflation that has vexed ...
Wall Street’s favorite recession indicator is flashing red
A closely watched recession predictor in the bond market just flashed red, spurring fresh concern that the US economy is on ...
Federal Reserve could take drastic measures to curb inflation
There’s a chance the Federal Reserve could take extreme action to curb rampant inflation — including hiking interest rates by ...
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