Will the Fed blink in 2023 and extend our economic agony?
We Americans can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation…
Companies offer big raises to keep workers, adding to inflation
Workers who are staying in their jobs are getting their biggest pay raises in decades, putting pressure on inflation, according to a report from the Wall Street Journal. According to…
Here’s how the U.S. economy could escape a recession in 2023
The U.S. economy heads into 2023 facing what might be the most anticipated recession in history. After all, everyone knows a contraction is coming. Following a year spent fighting runaway…
Why the risk of US recession is on the rise, according to Fed research
The risk of a nationwide recession is rising in states across the US, according to new research released by the Federal Reserve this week. A total of 27 US states…
Persistent Core Inflation May Influence Retail Inflation Numbers: Reserve Bank
RBI reiterated that India’s economy and the domestic financial system remain resilient.(File) Mumbai: India’s consumer price index (CPI) inflation has moderated, but the persistence and broadening of core inflation may…
Singapore to raise goods and services tax in January
Singapore’s goods and services tax will be raised to 8% in January 2023. Ore Huiying | Bloomberg | Getty Images Come Jan. 1, Singapore will raise its goods and services…
Inflation measure watched by the Fed eases to 5.5%
A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday’s report from the…
World Economy Is Headed For A Recession In 2023, Says Researcher
The findings are more pessimistic than the latest forecast from the International Monetary Fund. The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a…
Why 2023 will be like 1967’s ‘Summer of Love’ for the stock market
Hot inflation and recession fears. Spiking interest rates from the Fed. Divisive US politics. A regional war overseas with global repercussions. I’m not talking about 2022 – I’m talking about…
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji and Tokyo skyline, Japan. Jackyenjoyphotography | Moment | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two…