Atlanta Fed chief says central bank is working to avoid "deep, deep pain" – Face the nation

Atlanta Fed Chief Says Central Bank Is Working To Prevent “Deep, Deep Pain”Face the nation Atlanta Fed President Bostic expects job cuts but says there’s a really good chance of getting to 2% inflation without killing the economyCNBC Inflation Struggle Can Avoid Deep Pain, Atlanta Fed President SaysReuters Fed’s Bostic says US could have ‘relatively … Read more

Why the Fed is driving up unemployment?

Federal Reserve Chairman Jerome Powell said Wednesday it will be nearly impossible for the central bank to beat inflation without hundreds of thousands of Americans losing their jobs. Fed officials expect unemployment to rise to 4.4 percent next year, from 3.7 percent in August, as they drive up borrowing costs and slow the economy, according … Read more

This economic destruction is man-made

Commentary It’s now codified: Europe and the UK are in recession. The United States too, at least technically, and we’re just waiting for an admission. The Federal Reserve has cut its economic growth expectations to near zero, but the emerging housing collapse will likely seal the deal: It’s an inflationary recession known as stagflation. The … Read more

Southern California gas prices skyrocket again

LOS ANGELES (CNS) — The average price of a gallon of regular self-service gasoline in Los Angeles County rose for the 22nd straight day, rising 7.4 cents to $5,689 on Saturday. The average price has risen 44.3 cents in the past 22 days, according to figures from the AAA and the Oil Price Information Service. … Read more

Homeownership in Canada falls as market “excludes” younger generations – Global News

Homeownership in Canada falls as market “excludes” younger generationsWorldwide news Housing costs cripple major Canadian citiesCTV News Toronto had the highest percentage of unaffordable housing in Canada in 2021 | urbanizedDaily beehive We need new and creative ways to ease the path to home ownershipToronto Star High house prices make property out of reach for … Read more

Does money make you happy? The latest research may surprise you | family finances

Our collective understanding of the relationship between money and happiness has been revolutionized in recent decades as researchers discover more and more intimate links between individuals’ earnings and their everyday happiness. The old adage “money doesn’t buy happiness” has evolved in recent decades to the understanding that individuals’ happiness increases with income — to a … Read more

Will high inflation ease? ‘Cavuto Live’ panel discusses – Fox News

Will high inflation ease? ‘Cavuto Live’ panel discussesFox news Is the US economy heading for ‘dire straights’?Fox Business Inflation is still too high: Gene SperlingFox news Charles Payne: This is how you create honestyFox Business This will be a ‘big issue’ in 2024: Dan HenningerFox Business See full coverage on Google News

Pension support for private equity losses

Public pension funds are already reporting big losses in 2022. It’s probably going to get even uglier. That’s because the funds, which manage about $5 trillion in retirement savings for the country’s teachers, firefighters and other public workers, haven’t yet factored in second-quarter returns on private equity and other illiquid investments.

Metro drivers in Vancouver hit by rising gas prices – and it’s not over yet, analyst says – BC

Metro Vancouver drivers going to the gas station are facing a sticker shock this week, and an analyst suggests there is more pain. On Tuesday, regional motorists spent $1,93.9 per liter. By Friday morning, it had risen to $2.14.99, and by the evening it had risen again to $2.18.9. Read more: Gas prices rise Wednesday … Read more

Costco keeps $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec

A top executive at Costco Wholesale confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores, despite months of decades of high inflation. Costco CFO Richard Galanti reiterated that the fan-favorite deal’s cheap price would remain in place during the company’s fourth-quarter call on Thursday. … Read more