Jerome Powell, chairman of the US Federal Reserve, is expected to announce another interest rate … [+] hike on February 1. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP Markets ex...
Tag: Inflation
These states will raise their minimum wages in 2023
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in m...
5 tax, investment changes that could boost your finances in 2023
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual...
Retailing Faces Hazardous Times – Outlook For 2023
Businessman Wondering How Low It Can Go getty We are sailing into unchartered waters. The Federal Reserve will continue to raise interest rates in order to stem inflationary pressures. The outlook is ...
For Battered Bonds, Threats of Further Losses Linger
The year 2022 marked a truly historic bust for the U.S. bond market. The question now is whether 2023 will produce any kind of meaningful rebound. Normally a safe investment, U.S. bonds delivered loss...
Indonesia’s Inflation Beats Highest Forecast in Challenge to Rate Outlook
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Indonesia’s inflation surprised on the upside in December,...
Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’ – Economics Bitcoin News
Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his predictio...
A Solution to Inflation and a DeFi Enabler?
A Stable Currency Would Retain Its Purchasing Power Over Time Most of the world’s fiat currencies have a high rate of inflation, which causes consumers’ purchasing power to decrease. To prevent their ...
Future Consumption Will Make the Prosperous Present Seem Deprived by Comparison
At the beginning of a book (Economics In One Lesson) that way-too-many economists have plainly never read, a non-economist by the name of Henry Hazlitt observed that economics is “stalked by fallacy.”...
Walking The Tightrope To Avoid Stagflation
Two years ago, I subtitled my yearly forecast of the economy “We Are All Super-Keynesians Now.” Last year it was “All Eyes On Inflation.” This year the focus is on the adjustment costs of reducing inf...
2022 Stock Market News: Inflation, War Throw Stocks Into Reverse
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believ...
These Are Some of 2022’s Most Important Healthcare Headlines
2022 was certainly an unforgettable year, full of fresh innovation, inspiration, and ideas. For many, this year marked an ease of Covid-19 restrictions, leading to more social interaction and involvem...
Inflation heavily tilted against the American middle class in 2022
Runaway inflation in 2022 has proved to be a very heavy burden for American families, particularly in the middle class. Household budgets have been pushed to the limit even in cases with two gainfully...
What’s in the historic Inflation Reduction Act
U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signe...
The Only Prediction For 2023 You Need To Make
Which way will markets go in 2023? getty The only prediction you need to be right about: Which way is the market going? Will it be a bull market or will it be a bear market? For the main part I believ...
What is Inflation
Key takeaways: The rate at which prices for goods and services increase is known as Inflation It can be categorized into three main types – demand-pull, cost-push, and built-in. It can be either posit...
‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake – Bitcoin News
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According...
Brazilians using stablecoins to hedge against inflation
Brazilians are increasingly turning to stablecoins as their local currency, Brazil Real (BRL), slides against the USD due to rising inflation. Brazilians adopting stablecoins Recent market data shows ...
Brazilians are turning to stablecoins to protect savings from inflation
According to recent market data, 50% of the Brazilian Real (BRL) volumes involve a stablecoin. For anyone needing a positive note to end the year on in crypto, look at its usage in developing economi...
Singapore to raise goods and services tax in January
Singapore’s goods and services tax will be raised to 8% in January 2023. Ore Huiying | Bloomberg | Getty Images Come Jan. 1, Singapore will raise its goods and services tax, otherwise known as t...
The Mayo Clinic Is Partnering With An Augmented Reality Company To Transform Healthcare Delivery
The Mayo Clinic is one of the world’s most celebrated and renowned medical institutions, and is home to among the most brilliant minds in medicine, cutting-edge healthcare research, and continued inno...
Target Offers Huge Post-Christmas ‘Clearance’ Deals
The days of Black Friday or post-Christmas day sales are, more or less, over. At a time of widespread inflation and tightening budgets, customers are increasingly waiting for a discount before buying...
When Will Inflation Stop? Will Rising Prices And Rate Hikes Continue In 2023?
| Getty Images Key Takeaways Inflation has been much higher than the 2% target since early 2021. Though inflation is on a downward trend, it remains to be seen whether that trend will continue. The Fe...
Will Federal Reserve Rate Hikes Pull Down Inflation? Probably Not, New Research Shows
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open … [+] Market Committee meeting in Washington, DC on July 31, 2019. – The US Federal Reserve ...
How Inflation Data Hinges On A Statistical Quirk For Housing Costs
SAN FRANCISCO – JUNE 06: Calculation of CPI inflation includes a lagged, panel format for housing … [+] costs understanding how it works is crucial to estimating 2023 inflation. (Photo by ...
Gold Rises on China’s Covid Shift, Signs of Cooler US Inflation
(Bloomberg) — Gold rose — trading above $1,800 an ounce — as China swept away more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. Most Read from Bloomberg China w...
Johnson & Johnson is Investing Billions in Clinical Care Solutions
For decades, Johnson & Johnson (J&J) has been a household staple, with products ranging from band-aids to moisturizers. Apart from just household goods, however, the company has also invested ...
Is Housing Inflation Slowing Down? Trends To Look For In 2023
| Newsday via Getty Images Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it take...
Cryptocurrencies are outpacing inflation – but traditional assets are not
Aside from bringing the world to a standstill, the 2020 pandemic brought on the largest fiscal stimulus program ever seen. Two of the largest central banks in the world — the U.S. Federal Reserve and ...
China’s Reopening Signals Return Of Bull Market
TOPSHOT – People sing slogans while gathering on a street in Shanghai on November 27, 2022, where … [+] protests against China’s zero-Covid policy took place the night before followi...