Inflation

By Former Treasury chief Larry Summers got panned for posting a graph suggesting US inflation could be tracing the same path now as in the 1970s.  Nobel laureate Paul Krugman said the chart was “problematic on many fronts”, adding the 1970s story was different.  Market veteran Jim Bianco slammed the post as “chart crime”, pointing…

By The global economy this year is full of puzzling surprises. Japan’s GDP growth is currently surpassing that of China, and July retail sales in the US were double the consensus forecast, despite the US Federal Reserve pursuing one of the most concentrated rate-hiking cycles in decades.In the UK, wage growth has risen to an…

By Higher rates are supposed to be fighting inflation, but they also raise the price of a key component … [+] of CPI.gettyMeasuring inflation is a complex task, especially when calibrating monetary policy responses to rising prices. Residential rent, in particular, makes up for over a third of the Consumer Price Index, of which owner’s…

By Paul Krugman has long been a critic of the Fed’s 2% inflation target, and suggests the goal be bumped up to 3%. But central bankers’ reaction to such suggestions is similar to what “you’d get if you waved a Pride flag at a DeSantis rally,” he says. In his New York Times op-ed, Krugman…

By How successful has the Bank of England been in reining in inflation?If we go by the headline measure that fixates the City and most of the commentators, dear old CPI, the record does not look too bad.By this yardstick inflation peaked at 11.1% in October last year and, going by last month’s figure of…

By OAKLAND, MARYLAND – AUGUST 22: In this aerial view, turbines that are part of Constellation … [+] Energy’s Criterion Wind Project stand in a row along the top of Backbone Mountain on August 22, 2022 in Oakland, Maryland. The 70-megawatt wind farm runs along eight miles of the mountain ridge and consists of 28…

By Former Toys ‘R’ Us CEO Gerald Storch and Pulte Capital CEO Bill Pulte discuss inflation’s persistent impact on the U.S. economy one year since the ‘Inflation Reduction Act.’ One year after the Inflation Reduction Act was passed, inflation remains sticky, leaving one industry expert predicting the economy is facing a “very difficult” season. “When…

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By Increasing your income is one of the best ways to help you reach your financial goals, whether they include paying off your debt, investing, saving for retirement — or all of the above. However, a higher income sometimes invites lifestyle creep, turning those extra dollars into higher spending.At the same time, what’s the point…