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

Opinion: Why are Americans so grumpy about the economy? They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

Opinion: Why are Americans so grumpy about the economy?  They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer—they are poorer. In fact, they have never lost so much purchasing power in … Read more

With Turkey’s economy in crisis, Erdoğan picks fights abroad – POLITICO

With Turkey’s economy in crisis, Erdoğan picks fights abroad – POLITICO

Press play to listen to this article ISTANBUL — Restaurants have invested in wipe-clean menus so they can update their prices daily. Taxi drivers are asking passengers to top up their fares to meet rising fuel costs. A cappuccino that cost 20 lira earlier this year is now 30 lira. “It’s ridiculous,” said Osman, who … Read more

What the dollar’s historic surge means for markets as stocks, bonds end brutal 1st half

What the dollar’s historic surge means for markets as stocks, bonds end brutal 1st half

2022 is shaping up as a historic year for markets, including the world’s reserve currency. While the S&P 500 is headed for its worst first half in more than five decades, the dollar appreciated during the first six months of 2022 by the largest margin in history, according to some measures. The Federal Reserve’s decision … Read more

Bankers’ advice for business owners in a tough economy

Bankers’ advice for business owners in a tough economy

When Fidelity Bank president and CEO Chris Ferris talks to his commercial clients about the state of the uncertain economy, their first question is often, “When will the economy turn around?” The second question is, “What can we do until we get to that point?” “This is definitely an time in our economy with the … Read more

Financial markets seen unprepared for risk that inflation resists Fed rate hikes in second half of 2022

Financial markets seen unprepared for risk that inflation resists Fed rate hikes in second half of 2022

Investors and traders attempting to navigate one of the most treacherous periods in financial markets in years are all but sure to face more volatility during the second half of this year. One major reason is that few seem to be prepared for the risk that US inflation, already at an almost 41-year high of … Read more

Italy’s economy enters choppy waters – POLITICO

Italy’s economy enters choppy waters – POLITICO

Press play to listen to this article Italy’s smooth sailing is about to come to an end. A combination of factors — the “Super Mario” brand of its prime minister, negative interest rates and the chance to spend nearly €200 billion in EU recovery funds — meant that the EU’s third largest economy was heading … Read more

As inflation runs high, 58% feel nervous about their savings

As inflation runs high, 58% feel nervous about their savings

kate_sept2004 | E+ | Getty Images As record high inflation persists in the US, Americans are feeling a new side effect — in security around their emergency savings, according to a new survey from Bankrate.com. The percentage of people who are uncomfortable with the amount of money they have set aside is now 58%, up … Read more

Why Interest Rates Will Not Impact The Business For Sale Market

Why Interest Rates Will Not Impact The Business For Sale Market

Inflation and the attempt to offset it with higher interest rates is impacting almost all areas of the economy and people’s everyday life. In the world of business sales, where the leverage and financing of deals play a vital role, one would think that the potential repercussions of accelerating interest rates will be enormous and … Read more

America Wasted Its Chance to Push the Economy Forward

America Wasted Its Chance to Push the Economy Forward

We blew it. That is the queasy feeling I have as I watch borrowing costs surge, housing starts fall, and politicians rush to subsidize fossil-fuel consumption. Americans had a decade-plus in which interest rates were low and millions of workers were unemployed or underemployed. We could have made investments that would have benefited all of … Read more