Unilever raised prices by over 8 percent in the first quarter and warned more hikes were on the way as the maker of Dove soap and Ben & Jerry’s ice cream lifted its cost inflation forecast for the second half of the year due to the Ukraine conflict. The company said it now expected cost…
World on Threshold of New Inflationary Era, Warns BIS Head
April 6, 2022
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Bank for International Settlements BISBusiness & Economyeconomyfood priceshigh inflationinflationInternationalrising pricesUSWorld
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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…
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…
Survey Reveals Thanksgiving Food Costs Up 14 Percent
The annual Farm Bureau Thanksgiving survey has revealed that the cost of food for the traditional holiday meal has increased by an average of 14 percent, largely due to the heightened cost of turkey. The traditional shopper survey evaluated prices between Oct. 26 and Nov. 8, approximately two weeks in advance of the holiday. The…
Live Q&A: Global Energy Crisis Could Increase Cost of Living; IRS Plans to Snoop On US Bank Accounts
Republicans are asking President Joe Biden to reverse energy policies they refer to as “anti-American,” as the nation faces rising prices for oil, and amid concerns of rising shipping costs and heating costs during the coming winter. And in other news, some Americans may be able to get a fourth vaccine shot for COVID-19. In…
Live Q&A: Global Energy Crisis Could Increase Cost of Living; IRS Snooping in US Bank Accounts
Republicans are asking President Joe Biden to reverse energy policies they refer to as “anti-American,” as the nation faces rising prices for oil, and amid concerns of rising shipping costs and heating costs during the coming winter. And in other news, some Americans may be able to get a fourth vaccine shot for COVID-19. In…
Fed’s Williams Says Inflation Expectations Well-Anchored but ‘Great Deal’ of Uncertainty Remains
September 28, 2021
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Business & EconomyEconomieseconomyFederal Reserveinflation expectationsMarketsrising pricesUSUS News
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New York Federal Reserve Bank President John Williams on Monday said that expectations for future rates of inflation remain well-anchored around the Fed’s 2 percent objective, though he acknowledged upside risks and the persistence of a “great deal of uncertainty” around the inflationary outlook. Williams made the remarks via video call on Sept. 27 at…
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