What if you can’t ‘out-budget’ inflation? | Smart Change: Personal Finance

What if you can’t ‘out-budget’ inflation?  |  Smart Change: Personal Finance

Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value? Their choice is probably not about whether to cut streaming services or opt for store-brand groceries. Instead, they may have to pick between buying enough food and paying rent. The families … Read more

Consumers Are Ditching Pelotons for Paninis. Economists Say That Could Help Lower Inflation | Economy

Consumers Are Ditching Pelotons for Paninis.  Economists Say That Could Help Lower Inflation |  Economy

Prior to the coronavirus pandemic’s arrival in America more than two years ago, the American consumer was like a diner at an all-you-can-eat buffet. The choices were endless and prices were reasonable, store shelves were stocked with goods from around the globe and credit was plentiful at rock-bottom rates. But then the dishes started disappearing … Read more

Bitcoin as a global standard would be an ‘absolute economic catastrophe’ – Ernst & Young’s global blockchain leader

Bitcoin as a global standard would be an ‘absolute economic catastrophe’ – Ernst & Young’s global blockchain leader

(Kitco News) If Bitcoin were to become a global monetary standard, it would be an “absolute economic catastrophe,” said Ernst & Young’s global blockchain leader Paul Brody. The world’s largest cryptocurrency is by default considered a deflationary asset in the digital space. What this means in the crypto world is that its supply is finite … Read more

Citizens should vote for democracy before the economy

Citizens should vote for democracy before the economy

OPINION AND COMMENTARY Editorials and other Opinion content offer perspectives on issues important to our community and are independent from the work of our newsroom reporters. US Flag Flashpop Getty Images On this red, white and blue holiday, the national mood is mostly blue. Fox News and Republican politicians fan this negative feeling for political … Read more

Here’s how recessions became an inevitable part of American economy

Here’s how recessions became an inevitable part of American economy

The US has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctuates between periods of expansion and contraction. “History teaches us that recessions are inevitable,” said David Wessel, a senior fellow in economic studies … Read more

Fed’s Favored Inflation Gauge Falls Slightly in May | Economy

Fed’s Favored Inflation Gauge Falls Slightly in May |  Economy

An index of inflation closely watched by the Federal Reserve dipped slightly in May, perhaps signaling that prices may be slowing somewhat from their rapid pace earlier this year. The “core” personal consumption expenditures index, which strips out often volatile food and energy costs, rose at an annual rate of 4.7% in May, down from … Read more

US economy on shaky ground

US economy on shaky ground

Coming off its fastest growth spurt in 37 years, the US economy heads into the second half of 2022 caught between sputtering and slamming into reverse. There’s no doubt that conditions are slowing. The question is whether the current period ends up being a necessary downshift to control inflation, or an outright recession that could … Read more

New era of inflation will bedevil central banks and bond markets

New era of inflation will bedevil central banks and bond markets

Structural changes – hyper-globalization, global demographic shifts, technological changes and decline in labor’s bargaining power – unleashed disinflationary forces that kept price pressures largely subdued for much of the first two decades of this century. But the pandemic shock and other recent developments suggest that we may now have entered a new inflationary era, one … Read more

Atlanta Fed GDP tracker shows the US economy is likely in a recession

Atlanta Fed GDP tracker shows the US economy is likely in a recession

Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Seminnual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, DC, US, June 22, 2022. Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance … Read more

The Fed’s hawkish policies risk making economy’s doom loop worse

The Fed’s hawkish policies risk making economy’s doom loop worse

As the stock market closes out its worst half since 1970, the Federal Reserve has shifted to a hawkish monetary-policy stance to fight inflation. Not only is the Fed raising its policy interest rate in 75 basis-point steps rather than the more normal 25. It is also on the path to withdrawing market liquidity by … Read more