Tag: economy
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Asian stocks follow Wall St lower on economy fears
Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity.
AP Interview: Biden says a recession is ‘not inevitable’
President Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets.
Fed attacks inflation with its largest rate hike since 1994
The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.
US inflation at new 40-year high as price increases spread
The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
No, you’re not imagining it — package sizes are shrinking
From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide.
