Why Americans shouldn’t panic as the Fed raises interest rates: Finance experts

Americans should stay calm, boost their personal savings and sharply monitor their long-term fiscal plan like the Federal Reserve raises interest ratespersonal finance experts told The Post. The Federal Reserve raised its benchmark interest rate by 0.75% on Wednesday for the third consecutive month. By raising interest rates, the Fed makes it more expensive to … Read more

Inflation is a global problem, and here’s how central banks deal with it

The perfect storm of stimulus liquidity during the pandemic, strong demand for goods, geopolitical chaos, and supply chain kinks have sent prices up globally. In Great Britain, the inflation rate is just under 10%, the highest in the Group of Seven. In Turkey and Argentina, annual inflation rates are expected to reach 80%. The Federal … Read more

De Kooning’s “ocher woman” from the robbery home

It was a robbery that was as shameless as it was simple. On the morning of November 29, 1985, a couple entered the University of Arizona Museum of Art in Tucson, Arizona. Within minutes, “Woman-Ocher” – a painting by Dutch-American artist Willem de Kooning – was gone. Museum curator Olivia Miller described the theft in … Read more

Craft promotes UN role in promoting Kentucky governor’s bid | Health, medicine and fitness

By Bruce Schreiner – The Associated Press Glasgow, Kentucky (AP) – Describing her time as a United Nations ambassador for Donald Trump, Republican Kelly Craft told a crowd of her hometown residents Tuesday that her work on the world stage showed she was strong enough to “fight for Kentucky values” when she launched her 2023 … Read more

Asian markets opened lower after price data hit Wall Street

Asian markets fell on Wednesday after Wall Street fell the most since June 2020 as a report showed that inflation has maintained a surprisingly strong grip on the US economy. The Nikkei 225 benchmark in Tokyo lost 2.8% in early trading Wednesday, to 27816.58, while the S&P/ASX 200 in Sydney fell 2.5% to 6,834.80. In … Read more

What a strong US dollar means to you | personal financing

If you’re relatively well-versed, you’ve heard the term “strong dollar” your whole life, especially over the past several years since the dollar has steadily appreciated over the past 15 years or so. But if someone asked you to select a strong dollar, would you? Here’s what you need to know about the meaning of a … Read more

Elon Musk predicts a terrible economy

Inflation is by far the word of 2022. The prices of soaring goods and services have reached their highest levels in 40 years, which greatly affects the purchasing power of households. To relieve consumers, the Federal Reserve embarked on aggressive behavior monetary policycharacterized by a sharp rise in interest rates. Economists warn that this monetary … Read more

Consumers Spent More Enjoyment in 2021 | Smart Change: Personal Finance

According to data released on September 8 from the Bureau of Labor Statistics, American consumers indulged in entertainment in 2021. People were photographed here at Nathan’s Famous at Coney Island in New York in May of 2021. Alexey Rosenfeld/Getty Images/File After spending 2020 as a deadly, rapidly spreading virus that defined most aspects of daily … Read more

Unsealed FBI documents reveal series of calls amid Burr’s stock trades

Senator Richard Burr (RN.C) speaks during a Senate Health, Education, Work, and Pensions Committee hearing examining the federal response to Covid-19 and new emerging variables on January 11, 2022 on Capitol Hill in Washington, D.C. Greg Nash | AFP | Getty Images WASHINGTON – Newly disclosed FBI documents paint a vivid picture of government evidence … Read more