Today: September 29, 2023 12:21 pm

Slowing Economy


Fed’s rate hikes likely to cause a recession, research says – Associated Press

Photo: Traders on the floor at the New York Stock Exchange watch Federal Reserve Chair Jerome Powell’s news conference Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes that such an “immaculate


Asian shares mixed after biggest Wall St retreat of the year – Associated Press

Asian shares were trading mixed Thursday, as investors grew cautious after Wall Street’s biggest pullback of the year. Shares dipped in Tokyo, but rose in Seoul and Sydney, where they recouped earlier losses by late morning. Hong Kong shares were slightly lower, while Shanghai shares were little changed. Japan’s benchmark Nikkei 225 slipped 1.5% to


Opinion: Fed Must Act Now to Stop Runaway Inflation – Inside Sources

Price inflation in the United States is getting out of control. Americans are seeing prices rise at the fastest rates in 40 years. Until recently, the Federal Reserve — the agency tasked with ensuring price stability — has been unwilling to address the problem. In recent months, the Fed has finally started raising short-term interest

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