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96 Results / Page 2 of 11

Background
pre-pandemic
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Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations

Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations Via CNBC.com: Airfare is surging as higher fuel prices and strong travel demand drive up the cost of flights. Consumers spent $8.8 billion on domestic U.S. airline tickets last month, up 28% compared with March 2019, before the Covid pandemic, while fares surged 20%, according to data from the Adobe Digital Economy Index that was published Tuesday. Bookings […]

today04/12/2022 12

March inflation
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Sticker shock: March inflation likely set new 40-year high

Sticker shock: March inflation likely set new 40-year high Via AP News: With ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March. The government’s consumer price index being released Tuesday is expected to show that prices shot up 8.4% from 12 months earlier, according to economists surveyed by the data firm […]

today04/12/2022 12

Dallas Fed
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Dallas Fed: Global recession ‘seems unavoidable’ if Russian sanctions continue

Dallas Fed: Global recession 'seems unavoidable' if Russian sanctions continue Via Just The News: The Dallas Federal Reserve is warning that ongoing sanctions against Russia will lead to a global recession. The warning, which comes in the Fed report “The Russian Oil Shock of 2022,” was made prior to President Joe Biden on Monday calling for additional sanctions against Russia after reports of mass killings and war crimes committed by […]

today04/05/2022 15

Strategic Petroleum Reserve
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Biden announces release of oil from Strategic Petroleum Reserve, blames Putin, oil companies

Biden announces release of oil from Strategic Petroleum Reserve, blames Putin, oil companies Via Just The News: President Biden on Thursday afternoon said he would release 1 million barrels a day from the country's Strategic Petroleum Reserve to help slow rising gas costs in the U.S. – while putting much of the blame for soaring energy costs on "Putin's Price Hike" and oil companies whom he says are putting profit […]

today04/01/2022 22

inflation
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Treasury yields fall, with inflation data in focus

Treasury yields fall, with inflation data in focus U.S. Treasury yields fell early on Thursday, with investors focused on the inflation data due out later in the morning. The yield on the benchmark 10-year Treasury note fell 3 basis points to 2.3270% at 4:30 a.m. ET. The yield on the 30-year Treasury bond moved under a basis point lower to 2.4789%. The rate on the 5-year U.S. government bond dropped […]

today03/31/2022 14

higher interest rates
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Biden inflation to hit home buyers with higher interest rates

Biden inflation to hit home buyers with higher interest rates Via Just The News: Mortgage rates surpassed 4% for the first time since 2019 and the Federal Reserve announced a series of new rate hikes this week, two major shifts that mark the economic response to months of elevated inflation. The Federal Reserve announced a 0.25% interest rate hike and said six more increases are on the way. Last week's […]

today03/21/2022 17

Stagflation
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Fmr. Obama Treasury Counselor Rattner: ‘There’s a Substantial Risk’ of Stagflation

Fmr. Obama Treasury Counselor Rattner: ‘There’s a Substantial Risk’ of Stagflation, ‘Very Hard’ to Combat Inflation and Not Hurt Growth Via Breitbart: On Thursday’s broadcast of MSNBC’s “Morning Joe,” MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, warned that there is “a substantial risk” of stagflation because it’s “very hard to reduce inflation without reducing economic growth.” Co-host Joe Scarborough asked, […]

today03/18/2022 19

Shrinking food supplies
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Shrinking food supplies, soaring prices could trigger global unrest, key GOP lawmaker warns

Shrinking food supplies, soaring prices could trigger global unrest, key GOP lawmaker warns Via Just The News: With U.S. and world food prices set to soar due to inflation and supply shortages stemming from the Russian invasion of Ukraine, a key GOP lawmaker is asking the Pentagon to study the potential for conflict if the global food supply shrinks by 5%. U.S. farmers will pay $300-$400 more per acre to grow […]

today03/16/2022 65

Gas prices
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Gas prices, already at record highs, expected to go higher

Gas prices, already at record highs, expected to go higher Via Just The News: Gas prices have soared to record highs in the past year, and analysts say they likely will only get higher. According to AAA, the national average gas price is $4.33 a gallon, up from an average of $2.86 the same time last year. “If current policies now considered by the U.S. and Europe continue, it is […]

today03/15/2022 50

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