Category: economy news
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US Treasury Secretary Yellen’s ‘extraordinary precaution’ warning
US Treasury Secretary Janet Yellen urged Congress to take “immediate action” to increase or suspend the debt limit, saying the country is expected to reach its debt limit on January 19. US Treasury Secretary Janet Yellen has written a new letter to the Speaker of the US House of Representatives, Kevin McCarthy, regarding the debt…
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Buy shares of only the strongest companies to make money in 2023, including ‘the kings of cash flow,’ says this five-star fund manager
Greg Adams of Alger explains his successful strategy for selecting quality stocks Depending on your perspective as an investor, 2022 has either been a perfect storm or a perfect opportunity. The Federal Reserve’s rapid increase in interest rates and other tightening moves to fight inflation have pushed stock and bond prices significantly lower. If you…
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UK living standards face biggest decline since 1950s
As the cost of living erodes incomes in the UK, the country faces the biggest decline in living standards ever recorded. The government’s official estimates are that, taking into account the rise in prices, there will be a 7 percent reduction in revenues over the next few years. While the cost of living in the UK…
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Biggest increase from the Bank of England since 1989
The Bank of England (BOE) increased the policy rate by 75 basis points to 3 percent to rein in inflation at its 40-year peak. The Bank of England increased its policy rate by 75 basis points from 2.25% to 3%. Thus, the bank made the biggest interest rate increase in 33 years. The expectation was to…
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U.S. economy likely grew a lot last quarter. Most people didn’t notice.
The U.S. economy is expected to have grown robustly in a sharp rebound from the first half of the year, but most Americans are unlikely to notice anything about the turnaround. Persistent inflation continues to weigh heavily on both economic growth and household budgets, and has become a key flash point ahead of the midterm…
Daily Economy News 