Fed’s Kashkari: Lots of Tightening Left on US Rates, Danger of ‘Overdoing It’

https://sputniknews.com/20220927/feds-kashkari-lots-of-tightening-left-on-us-rates-danger-of-overdoing-it-1101288958.html Fed’s Kashkari: Lots of Tightening Left on US Rates, Danger of ‘Overdoing It’ Fed’s Kashkari: Lots of Tightening Left on US Rates, Danger of ‘Overdoing It’ WASHINGTON (Sputnik) – The Federal Reserve has a lot more tightening to do with US interest rates in order to curb inflation and there is a danger it … Read more

Fed’s Evans nervous about going too far, too fast with rate hikes

Charles Evans, president of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, US, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Chicago Federal Reserve President Charles Evans says he’s feeling apprehensive about the US central bank raising interest rates … Read more

Where to get the best return on your cash amid rising interest rates

When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has felt costs for housing, food and energy soaring. related investing news Market route … Read more

Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, appeared on CBS’ “Face The Nation” Sunday morning with a continued commitment … Read more

New York is now No. 1 port in a tipping point for U.S.-bound trade

The MOL Maneuver container ship sails into port under the Verrazano-Narrows Bridge in the lower bay of the New York Harbor on March 25, 2021 in New York City. Gary Hershorn | Corbis News | Getty Images Historic import and export container processing in the month of August pushed the Port of New York and … Read more

There is an 80% chance of the U.S. going into a recession: Steve Hanke

There’s an 80% chance of the US falling into a recession — much higher than previously predicted, according to Steve Hanke, a professor of applied economics at Johns Hopkins University. According to CNBC’s September Fed survey of economists, fund managers and strategists, those surveyed said there’s a 52% chance that US could enter into recession … Read more

Liz Truss pursues ‘trickle-down economics’ despite scorn from Biden

British Prime Minister Liz Truss and US President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Wpa Pool | Getty Images LONDON — The British government is set to announce sweeping tax cuts for businesses and … Read more

WHO warns ability to identify new Covid variants is diminishing as testing declines

RT: Maria Van Kerkhove, Head of Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Geneva, Switzerland, January 29, 2020. Denis Balibouse | Reuters The World Health Organization on Thursday warned that it is struggling to identify and … Read more

US Federal Reserve Ups Interest Rates by 75 Base Points in Fifth Straight Anti-Inflation Hike

https://sputniknews.com/20220921/us-federal-reserve-ups-interest-rates-by-75-base-points-in-fifth-straight-anti-inflation-hike-1101062159.html US Federal Reserve Ups Interest Rates by 75 Base Points in Fifth Straight Anti-Inflation Hike US Federal Reserve Ups Interest Rates by 75 Base Points in Fifth Straight Anti-Inflation Hike The US Federal Reserve’s Federal Open Market Committee (FOMC) announced on Wednesday it was increasing the federal funds rate by another 75 base points, … Read more

Treasury Department Russia avoid sanctions using crypto

Ether has hugely outperformed bitcoin since both cryptocurrencies to the bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images Russian President Vladimir Putin could use cryptocurrencies to evade US and other sanctions launched against the Kremlin for … Read more