Americans’ experience with inflation is improving, which provides President Joe Biden’s team with some relief before the next midterm elections. [food price rise] Lower than the previous month’s reading of 9.1 percent, inflation in July came in at 8.5 percent. The core inflation rate stayed at 5.9%. Real food price inflation experienced by consumers Real … Read more
Coping with UK exchange rate fluctuations Devaluation of euro Microsoft’s CFO estimated that the strong dollar had reduced revenue by four percent and cost of general sales and operating expense growth by two points. The strengthening currency has had a negative effect on US vendor results. Oracle CEO Safra Catz forecast that currency would reduce … Read more
E-cash: Let’s take a look at “US CBDC Trends”. Bill suggests a digital currency that resembles cash and avoids the Federal Reserve: A Treasury-issued, hardware-secured, anonymous kind of digital currency is suggested in a US House bill. The Electronic Currency and Secure Hardware Act (ECASH Act), which was introduced in the House of Representatives of … Read more
Low-income families struggling with Fed rate hike Fed rate hikes due to inflation The Federal Reserve is raising interest rates to try to slow spending, cool the economy and defeat the worst outbreak of inflation in two generations. The move will further magnify borrowing costs for homes, cars and credit cards, though many borrowers may … Read more
The Federal Reserve is raising rates The Federal Reserve Is raising the federal funds interest rate, which means that you may soon see some changes to your borrowing and savings accounts. For price stability? The Fed is increasing rates to try to stabilize the inflation rate, which has reached the highest level in 40 years. … Read more
Fed set to impose an extra large pastime expense hike to fight inflation WASHINGTON — Conflicting indications in regards to the fitness of the U.S. economic climate have thrust the Federal Reserve into a tough spot. Reasons for rate hike, base rate policy Are we going the right way? Fed rate hike burden With inflation … Read more
QE, bank lending and inflation Did quantitative easing make contributions to inflation, and the way a whole lot? Will quantitative tightening have the opposite impact? Find out the cause of inflation. essential questions: it’s often thought that low charges did make a contribution to inflation, and the Federal Reserve is hoping like hell that better … Read more