Economy

Federal Reserve’s inaction will lead the US into a deep recession

Federal Reserve’s inaction will lead the US into a deep recession

The Federal Reserve has been faced with one of the most difficult periods in time that began with a global pandemic which led to a global economic shutdown. This led to an extreme and some say excessive government stimulus. The result; rising inflation and a critical mistake by the Federal Reserve that led our economy …

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The worst case scenario for retired or nearly retired investors who are 55+

I just did some research and wrote about it. I should be clear that you may find this article a little unsettling if you are nearing retirement or have already retired. On the other hand, it’s an eye-opener because the financial markets and different asset prices paint an interesting picture. But, I believe being armed …

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Amid US recession fears, these steps can help protect your finances

It’s very easy to get swayed by headline news and market drops when you’re not clear on what you’re working towards. Amanda Wallace Head of insurance operations at Mass Mutual Meanwhile, a majority of Americans — 80% — are already worried about how a recession could impact their daily finances, MassMutual’s poll found. The survey …

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Hotel rates surge as revenue in hospitality sector begins to bounce back

Hotel rates are surging after travel roared back this summer. A room at Toronto’s Annex Hotel cost on average $250 before the pandemic. Now, it’s $300. “We saw a healthy rebound in normal guest behavior during the second quarter, as more people decided to travel into the city,” said Ryan Killeen, chief operating officer at …

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The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.

The Federal Reserve escalated its fight against inflation this week, instituting a major rate increase and saying more will likely follow. The moves will cause a jump in the number of unemployed Americans by the end of next year, the central bank said. The Fed has put forward a series of aggressive interest rate hikes …

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Unprecedented events creating ‘extremely severe’ risk of global recession – economist Adam Tooze | Economics

Adam Tooze has a cult following among economists and historians alike. The famous English economic historian, once hailed by New York Magazine as “impeccably credentialed, improbably charming”, is in Australia after speaking at Sydney’s Festival of Dangerous Ideas. The decision by the US Federal Reserve to raise its key interest rate by another 75 basis …

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UK Still Struggling With Energy Shortages Despite Bringing Coal Plants Back

Even though the UK has brought online additional coal-fired power generation plants to survive the winter, it could still face energy shortages, according to a report from consultants Lane, Clark & ​​Peacock. Even if the UK increases its coal use, the country could still see 10 hours when supplied power is unable to meet the …

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Britain’s lurch to Reaganomics gets thumbs down from markets

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah McKay | Reuters LONDON — New UK Prime Minister Liz Truss may have talked big on “trickle-down economics” during her campaign trail this summer, but no-one could have predicted the swathe of tax …

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