Reserve Bank Governor responds to inflation claims after NZ’s Budget 2022 | AM – Newshub

Reserve Bank Governor responds to inflation claims after NZ’s Budget 2022 | AMNewshub

Alan Blinder predicts 50% to 60% chance of a mild recession next year

Many Americans are worried that the US economy is on feeble footing. As the Federal Reserve raises interest rates to combat the highest inflation in 40 years, tipping the US into a recession is becoming an increasing concern. Still, it’s not likely that the US economy will stop growing this year, former Federal Reserve vice … Read more

We’re going to be a bit poorer in the West amid inflation

Dutch Prime Minister Mark Rutte told CNBC that there is a “limit to what a government can do” to help people amid surging inflation. Pictured here, on February 23 2022, are containers being transported in the port of Rotterdam, in the Netherlands. Picture Alliance | Picture Alliance | Getty Images Dutch Prime Minister Mark Rutte … Read more

‘Cheap’ stocks to buy to beat rising prices, slowing growth: Strategists

The global economy is occupied with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The US Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month. It’s … Read more

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse. “There is no prospect for a material reduction in inflation unless the Fed … Read more

Are Major Cities Still Worth It? – CNBC

Are Major Cities Still Worth It?CNBC Southern US states are best for renters, study findsCBS News These Are the Best and Worst Cities to Rent With Dogs, Cats in AmericaNewsweek The benefits of major cities amid remote work and rent inflationCNBC View Full Coverage on Google News

Demand for Indian corn exports slackens as domestic prices rule high

Indian corn (maize) is witnessing a slack demand for exports, particularly from South-East and West Asian countries, as its competitiveness has been affected by high domestic prices, while exporters are yet to recover from the payment problems they faced last fiscal. The slack demand for corn comes amidst a buoyant demand for Indian wheat and … Read more

AP-NORC poll: Economy grows as priority on Russia response

WASHINGTON (AP) – Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the US economy, a sign of rising anxiety over inflation and other challenges, according to a new poll. While broad support for US sanctions has not faltered, the balance of opinion … Read more

Treasury yields rise as inflation concerns linger

US Treasury yields rose on Monday morning as concerns about inflation and economic growth remained in focus for investors. The yield on the benchmark 10-year Treasury note climbed 4 basis points to 2,828% at 5:45 am ET. The yield on the 30-year Treasury bond moved 3 basis points higher to 3,027%. Yields move inversely to … Read more

Pain for drivers: ‘Insatiable’ gas demand for summer despite record prices

Record gasoline prices are not keeping down summer travelers who are planning to hit the roads at a higher rate this year than last, according to a new survey. Fuel industry data firm GasBuddy found that 58% of people intended to road-trip this summer. The share represents an increase from last summer, when per-gallon prices … Read more