INFLATION

The consensus among Fed watchers is that the FOMC will raise its key Fed Funds rate — a critical short-term rate — by 50 basis points, with some Fed watchers predicting a 75-basis-point hike.

Bitcoin plunged about 15% in 24 hours and is trading at about half of what it was worth in March.

Stagflation is nothing new to the global economy, which went through two serious stagflation episodes in the second half of the 20th century.

Consumer sentiment in the United States experienced a nosedive as more Americans became pessimistic in the face of stubborn inflation that has driven up costs for basic goods. 

Inflation rebounded in May with a 8.6% increase, the highest seen by the United States economy since December 1981. This surge has been driven by runaway energy costs and the rising price of food.

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A recent survey suggests that inflation severely affects personal financial stress and changes consumer spending habits, which is in line with more recent polling on the subject.

A new survey of chief financial officers found that about 73% predicted that a recession would hit the United States economy by the start of 2023.

The strength of the dollar may be temporary.

Thirty-six percent of respondents said they reduced their savings due to inflation.

Surging gas prices and high inflation are forcing Americans to scale back their vacation plans and think twice about where and how they travel this summer.

Demand for mortgages has declined to lows not seen since December 2018 as the market quivers before fears that the U.S. economy is on the brink of a recession.

The Rich Dad Poor Dad author has warned against depression time and again.

Americans reported their lowest confidence in the U.S. economy since the beginning of the COVID-19 pandemic amid rising inflation and a potential recession.

Consumer confidence in the U.S. economy dipped slightly in May as more Americans continue to express pessimism about inflation's toll on business conditions.

As more companies welcome the rollback of the COVID-19 pandemic, many are now left struggling to adapt to rising inflation in the United States. However, new tools in digital marketing can help them hold a competitive edge.

The Federal Reserve's preferred inflation metric grew by 6.3% in April, its smallest increase in months, providing a tepid sign that inflation may be decelerating.

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Less than 40% of Americans said they think Biden is an effective president.

President Joe Biden's approval rating has fallen to 39% and it has been driven primarily by a marked decline in enthusiasm among members of his own Democratic Party.

More than half of U.S. chief executives expressed pessimism in a recent survey that the economy will avoid a recession.