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Spencer Platt / Getty Images There are good, bad, and ugly outcomes for the stock market as inflation continues to weigh, Charles Schwab warned. Though inflation is coming down, it could easily rebound if central banks begin cutting too soon. "This whipsawing pattern may support a continued environment of volatility and wide market swings as […]
Ina Fassbender/AFP/Getty Images More than 80 central banks are aggressively raising interest rates to cool inflation. Rate hikes are the best tool for easing price surges but bring with them the risk of recession. The synchronized rate hikes could throw the world economy into a slump. Countries around the world are rushing to crush inflation. […]
A Dollar General store in Amenia, New York. Landon Speers for Insider Shoppers earning six-figure salaries are turning to dollar stores amid soaring inflation in the US. Economic uncertainty is pushing some Americans to tighten their pursestrings. Dollar General's "core customer" usually earns under $ 40,000 a year, CNN reported. Shoppers with six-figure salaries are […]
Jeffrey Greenberg/Universal Images Group via Getty Images Lululemon reported a jump in foot traffic to stores, proving that not all retailers are getting hit as hard by an economic slowdown. Kohl's, Macy's, Nordstrom, and Target all reported slowing sales due to inflation and supply chain issues. Lululemon isn't the only retailer still showing strength amid […]
Venezuela’s National Assembly, an opposition-controlled legislative body, said annual inflation has reached 1,300,000 percent in November as the country struggles through its worst economic crisis ever. At the same time, the rate of monthly inflation has gradually decelerated during three months through November. According to the report by the National Assembly, the figure declined to […]
PAUL VOLCKER’S legend is almost as grand and imposing as his physical personage, all six feet and seven inches of it. In 1979 President Jimmy Carter chose him to run the Federal Reserve and tackle America’s high inflation. Mr Volcker acted with grim determination, tightening monetary policy even as the economy sank into deep recession […]
The former Fed chairman’s approach to monetary policy is still influential
Ryan Taylor/Dash Core Group Venezuela is currently suffering from hyperinflation and the president recently devalued the currency by 95%. Locals are turning to cryptocurrencies as a more stable store of value and means to transact. 200 merchants per month are signing up to accept Dash in Venezuela, according to the Dash Core Group, and the […]
THE baroque era in Turkish architecture lasted deep into the 19th century, leaving behind lavish buildings, such as the Lily Mosque in Istanbul and waterside pavilions that seem to float on the Bosphorus. The baroque period in Turkish monetary policy will last until June 1st, when the central bank will simplify its equally ornate monetary-policy […]
IN THE early 1970s, leftist guerrillas in Argentina discovered a lucrative new way to make money: kidnap millionaires. Panicking firms would agree to huge ransoms, more concerned with freeing their executives than driving down the fee. That was not just bad for businesses. It also became a textbook case of how poor negotiating can send […]
