After struggling for over a decade to bring inflation up to their target rates, central banks of the world are now faced with the inverse problem—rising inflation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), said in a speech at the International Center for Monetary and Banking Studies on April 5. “A…
World on Threshold of New Inflationary Era, Warns BIS Head
April 6, 2022
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81 Percent Americans Worried About Recession in 2022: Survey
A significant number of Americans are concerned about rising prices and worried about the country sinking into recession this year, according to a CNBC/Momentive poll on financial literacy. Eighty-one percent of adults—91 percent of Republicans, 81 percent of Independents, and 73 percent of Democrats—expect recession to set in this year, according to the results of…
81 Percent of Americans Worried About Recession in 2022: Survey
A significant number of Americans are concerned about rising prices and worried about the country sinking into recession this year, according to a CNBC/Momentive poll on financial literacy. Eighty-one percent of adults—91 percent of Republicans, 81 percent of Independents, and 73 percent of Democrats—expect recession to set in this year, according to the results of…
Small Businesses Worried About Inflation, Forced to Raise Prices Even as Performance Improves
March 30, 2022
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Business & EconomyCompanieseconomyhigh inflationinflationsmall business challengetax planningUSUS News
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Small businesses are “feeling good” about the health of their ventures and optimistic regarding the future, but they’re also worried about the effects of inflation, according to a poll taken Jan. 14–26 by the U.S. Chamber of Commerce and MetLife. A third of small-business owners ranked inflation as their biggest challenge, the Chamber said in…
Protests Erupt Across the Globe Over Surge in Oil Prices
Demonstrations have erupted in a number of countries as a response to the spike in oil prices that began after Russia launched a military invasion of Ukraine on Feb. 24. Crude oil hit a historic market high on March 7 when it reached $130 per barrel, which represented the most inflated figure since 2008. The…
High Prices ‘Just Beginning’ of Economic Turmoil from Russia-Ukraine Conflict
As Russian President Vladimir Putin’s attack on Ukraine rolls into its third week, countries worldwide are reeling from a surge in commodity prices since the onset of the conflict. The cost of oil catapulted to $130 per barrel but dropped on March 16 during an interlude over progress with peace talks between Putin’s administration and Ukraine’s President…
Fed’s Bostic Open to 4 or More Hikes This Year If High Inflation Persists
The Federal Reserve may need to raise U.S. interest rates four or more times this year if high inflation persists, Atlanta Federal Reserve bank President Raphael Bostic said on Thursday, in a further sign that policymakers are becoming increasingly leery inflation will not begin to abate soon. “The data may come in perhaps more pessimistic…
The National Debt Debate Continues or Doesn’t
The $30 trillion U.S. government debt is a phony number, critics claim. It’s three or four times that, they say. Persistently high deficits and debts, they add, cause high inflation rates and can retard growth. Critics contend that the nation’s red ink is a problem because, in good times and bad, it keeps rising. “The…
Shares Stumble on ASX as High Inflation Worries Investors
Shares took the second sharpest nosedive of the year on the ASX when higher than expected inflation data intensified fears that the Reserve Bank of Australia would push up interest rates. The market exacerbated early losses on Jan. 25 after the December quarter data showed the annual inflation rate increased to 3.5 percent. This higher…
Almost 60 Percent of Canadians Negatively Affected by Rising Food Costs Amid High Inflation, Poll Shows
A new survey shows that growing numbers of Canadians are finding it harder to put food on the table as the country’s annual inflation rate reaches a 30-year high. The Angus Reid Institute poll, conducted online between Jan. 7 and Jan. 12, shows that three in five (57 percent) Canadians say it is “difficult” to…
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