We’re in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

A “blowout jobs report” pushed the unemployment rate to a 53-year low of 3.4% in January, and despite persistent inflation, consumers keep fueling the economy with robust spending. Normally, that woul...

Why a ‘1970s-style’ inflation spiral is a growing threat, according to a major hedge fund

One of the world’s largest macro hedge funds sees a rising risk of a 1970s-type wage-price spiral, according to a Thursday news report. “This combination of high inflation, tight labour markets, and u...