Tag: inflation
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Fed attacks inflation with its largest rate hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.
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.
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.
WHY DO WE ALWAYS BLAME THE PRESIDENT?
As of May 17, 2022 the inflation rate in the United States is at 8%, England 6%, Algeria 9.6%, Angola 26%, Argentina 58%, Armenia 8.4%, Belgium 8.31%, Brazil 12.13%, Canada 7%, Chile 10.5% Colombia 9.23%, Cuba 23%, Denmark 6.7%, Czech-Republic 14%, Egypt 13%, India 8%, Lebanon 208%, Lithuania 17%, Mexico 8%, Peru 8%, Sri Lanka 30%, Syria 139% and Venezuela 222%.
Fed raises key rate by a half-point in bid to tame inflation
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.
