INSANE: 118 | Vintage Vibes

Another strong month of hiring would put Fed in tough spot

The jobs report the government will issue Friday is expected to show that December was another healthy month for hiring — a boon for those looking for work but a problem for the Federal Reserve if it persists

The Independent UK · Jan 6, 2023

U.S. inflation battle is not yet won, says top IMF official

The IMF's second-in-command is backing the Fed in its fight against inflation, advising Jerome Powell to "stay the course" with rate hikes.

Fortune · Jan 5, 2023

Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster

If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.

Reason · Dec 29, 2022

Economists place 70% chance for US recession in 2023

Economists say there is a 7-in-10 likelihood that the U.S. economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.

Tribune News Service · Dec 20, 2022

The world fears a new China COVID wave, ponders how to help Xi

Officials and global health experts outside China are anxiously watching a COVID-19 surge there, worried a nation of 1.4 billion people is inadequately vaccinated and may not have the healthcare tools to treat a wave of illness expected to kill more than one million people through 2023.

Reuters · Dec 20, 2022

Powell puts US pay hikes at heart of Fed’s 2023 inflation fight

Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year.

Tribune News Service · Dec 19, 2022

Inflation is ‘basically over’ and the Fed is ‘making a terrible mistake’ by continuing to raise interest rates, Wharton professor Jeremy Siegel says

Jeremy Siegel warned that inflation was going to become a problem in 2020. Now, he says the Fed has done too much to fight it, and is set to cause a recession.

Fortune · Dec 16, 2022

Fed chair Powell on the U.S. labor shortage: COVID, retirements, missing immigrants

Close to half a million working-age people lost their lives to COVID.

Axios · Dec 16, 2022

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

The Independent UK · Dec 16, 2022

Asia tracks Wall Street decline

The Stock Exchange of Thailand (SET) and most Asian bourses sagged yesterday, tracking overnight declines on Wall Street, as the Federal Reserve reiterated that US interest rates next year will be higher than previous market estimates, raising fears of a recession.

Bangkok Post · Dec 15, 2022