The US Economy Is Headed for a Hard Landing

The US Economy Is Headed for a Hard Landing

This post was originally published on this siteA recession is coming within 12 to 18 months as the Fed focuses on curbing inflation.

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President Biden wants a gas tax holiday. Some economists say that’s a bad idea

President Biden wants a gas tax holiday. Some economists say that’s a bad idea

This post was originally published on this siteInflation is the top issue for voters as fall’s midterm elections near. Biden wants Congress to suspend the gas tax until the end of September in a bid to give consumers some relief.

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Economists look past the Fed to fight inflation

Economists look past the Fed to fight inflation

This post was originally published on this siteEconomists are looking beyond the Federal Reserve and thinking outside the box of monetary policy for ideas on how to fight inflation. With gas prices soaring, they are focusing largely — though not exclusively — on the energy industry and are increasingly coming...

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US recession not ‘inevitable,’ Treasury secretary says

US recession not ‘inevitable,’ Treasury secretary says

This post was originally published on this site A recession in the United States is not “inevitable” but the economy is likely to slow, Treasury Secretary Janet Yellen said Sunday, days after the US Federal Reserve hiked interest rates, raising fears of a contraction. “I expect the economy to slow”...

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Biden administration invites oil CEOs to meeting next week on gas prices

Biden administration invites oil CEOs to meeting next week on gas prices

This post was originally published on this siteThe Energy Department sent an invitation to oil industry executives Wednesday night to meet next week to discuss high gas prices, an official familiar with the matter tells CNN.

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Mortgage rates hit 14-year high as inflation persists

Mortgage rates hit 14-year high as inflation persists

This post was originally published on this siteThe 30-year fixed-rate average soared to 5.78 percent this week, making its biggest one-week jump since 1987.

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Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

This post was originally published on this site   US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC on May 4, 2022. jim watson | AFP | Getty Images On Wednesday, the Federal Reserve is expected to do something it hasn’t done in 28 years:...

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Higher Unemployment Rate Looms as the Fed Fights Inflation

Higher Unemployment Rate Looms as the Fed Fights Inflation

This post was originally published on this siteCentral-bank officials are beginning to signal that higher unemployment rates might be a necessary consequence of their efforts to damp inflation by raising interest rates.

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Fed Likely to Signal Half-Point Rate Rises Through September

Fed Likely to Signal Half-Point Rate Rises Through September

This post was originally published on this siteTop central bank officials have indicated they won’t slow the pace of rate increases until they see clear proof of an inflation slowdown.

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