Economy

The Fed will raise rates again.  But that's playing with fire |  CNN Business

The Fed will raise rates again. But that’s playing with fire | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …

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Here's how to build a brand new home in 23 steps

Here’s how to build a brand new home in 23 steps

Redfin CEO Glenn Kelman joins ‘Cavuto: Coast to Coast’ to discuss the state of the housing market after sales of existing homes fell for a ninth consecutive month in October. Editor’s Note: Richard “Monty” Montgomery writes a real estate advice column for Creators Syndicate. He is the author of “Money from Home: An Insider’s Secrets …

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7 unexpected ways Western sanctions have affected life in Russia

7 unexpected ways Western sanctions have affected life in Russia

Western sanctions against Russia for its invasion of Ukraine may not have resulted in the dramatic economic collapse that some had predicted, but they still had a huge impact. Russia is now the most sanctioned country in the world and shortages of goods, limited access to services and other restrictions are slowly changing everyday life …

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The threat of runaway inflation is still relevant

The threat of runaway inflation is still relevant

Illustration by Risto Avramovski Text size About the Author: Pierre Cramer is Senior Managing Director and Senior Portfolio Manager, Insurance Asset Management at SLC management. This comment reflects his personal opinions. The trajectory of risky assets in 2023 depends on how far the Federal Reserve is willing to go with its interest rate hikes to …

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China calls for oil to be swapped with yuan at Gulf summit in Saudi Arabia

China calls for oil to be swapped with yuan at Gulf summit in Saudi Arabia

Former senior adviser to Secretary of State Pompeo Mary Kissel reacts to Xi Jinping’s meeting with the Saudi crown prince, telling ‘Mornings with Maria’ that it is an “important strategic move by China”. Chinese President Xi Jinping on Friday called on leaders of major oil-producing nations to conduct oil sales using the Chinese yuan as …

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Labor Shortage: How "Fairer Labor" Can Bring Women Back

Labor Shortage: How “Fairer Labor” Can Bring Women Back

The nationwide labor shortage in the United States is about to complete its second year. More than three million people have been missing since the start of the coronavirus pandemic, and many of them are women. Despite a slight progression in the decline in female unemployment over the past month, their overall employment rate has …

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Wharton professor Jeremy Siegel describes exactly how he sees the stock market, inflation and the economy performing in 2023. Here are the top 9 quotes from the interview.

Wharton professor Jeremy Siegel describes exactly how he sees the stock market, inflation and the economy performing in 2023. Here are the top 9 quotes from the interview.

Jeremy Siegel is one of the few market experts to expect stock market gains in 2023. The Wharton professor grilled the Fed and outlined his forecast for 2023 in an interview with CNBC last week. Here are the top nine quotes from Siegel’s interview on inflation, the economy, and the stock market. Loading Something is …

Wharton professor Jeremy Siegel describes exactly how he sees the stock market, inflation and the economy performing in 2023. Here are the top 9 quotes from the interview. Read More »

How big are the Fed's losses and where can we go to see them?

How big are the Fed’s losses and where can we go to see them?

We find a good place to go rubbernecking. By Wolf Richter for WOLF STREET. A collapse chart has been making the rounds on social media, financial blogs and more. It’s distributed without context, like it’s self-explanatory, kind of like, look, the world is falling apart. It’s from the St. Louis Fed data repository. The title …

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Looks like the Inflation Grinch plans to stay.  Buckle up, America

Looks like the Inflation Grinch plans to stay. Buckle up, America

November’s PPI month-over-month beats estimates. FOX Business’ Cheryl Casone with more. If you’re suffering from inflation this holiday season, you’re not alone. Businesses are also crushed. Over the past 12 months, prices paid by businesses have risen 7.4%, according to the latest data from the Producer Price Index (PPI), used to measure “wholesale inflation”. Both …

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