Inflation

Biden’s ‘uniting’ race riots and more

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Diary of Disturbing Misinformation and Dangerous Delusions This declaration: “Two summers ago, in the midst of a pandemic, we saw protests across the country like you hadn’t seen since the 1960s. They united people of all races and generations. . Athletes and sports leagues have boycotted and postponed games. Businesses and workers proclaimed “Black Lives … Read more

Michiganders Blow Monthly Budget Just 16 Days After Payday, Study Finds – CBS Detroit

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(CBS DETROIT) – Michigan residents tend to spend their monthly budget just 16 days after payday, according to a report by CouponBirds. The study found that over the past year, there has been a 20% increase in searches for discount codes in Michigan. READ MORE: Board of Trustees May Declare Michigan GOP Gubernatorial Candidates Ineligible … Read more

Fed Minutes: May 2022 – Monetary Policy Could Enter Restrictive Territory

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Earlier this month, Federal Reserve officials stressed the need to raise interest rates quickly and perhaps more than markets expected to tackle a burgeoning inflation problem, showed the minutes of their meeting published on Wednesday. Not only did policymakers see the need to raise benchmark borrowing rates by 50 basis points, but they also said … Read more

Rising costs mean we give up love to pay gas bills

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Couples and those looking for love have had to cut spending on nights out and romantic gestures after rising bills and food prices forced them to divert income elsewhere. The cost-of-living crisis has forced consumers to prioritize – tightening their belts and committing less to finding a partner or taking loved ones out for dinner, … Read more

Back to the office? Ways to combat rising costs

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According to a new Cisco survey, 75% of respondents said they save money on food and entertainment through hybrid work schedules. D3sign | time | Getty Images Hybrid work arrangements are popular these days for many reasons – and one of them is that they can save thousands of workers every year. A new survey … Read more

Global economy has ‘buffer’ against recession, says IMF’s Gopinath

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DAVOS, Switzerland: As the global economy faces headwinds, current growth forecasts provide protection against a possible global recession, the International Monetary Fund’s No. 2 official said on Monday (May 23). Among the main threats to economic growth, the IMF’s first deputy managing director, Gita Gopinath, told Reuters that the conflict in Ukraine could worsen, adding: … Read more

Grocery store with the largest price increase in April

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(STACKER) – Inflation rose 0.3% in April and 8.3% year over year, according to April data from the Bureau of Labor’s Consumer Price Index. Statistics published on Wednesday May 11. The most recent figures represent a modest reprieve from March’s staggering 1.2% month-over-month increase. Get the latest news, weather, sports and entertainment straight to your … Read more

Layoffs and sluggish growth: is this the cure for inflation?

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It is at this point in our difficult economic situation that predicting a little stagflation passes for optimism. Canada’s former central banker Stephen Poloz sees higher prices, volatile oil markets and weaker growth prospects. And what he sees as the best-case scenario is stagflation — that oxymoron that tripped us up in the late 1970s, … Read more

German central bank governor on inflation rates and outlook

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Joachim Nagel, Governor of the German Central Bank and Member of the ECB, shares his latest thoughts on inflation and the possibility of rate hikes in the Eurozone. Bloomberg | Bloomberg | Getty Images The ECB will soon raise rates for the first time in more than a decade, a member of the central bank’s … Read more