The R&B superstar’s Renaissance World Tour has already been blamed for driving up Swedish inflation last month. Is she behind the U.K.’s sticky inflation.
The Fed: Fed nominees vow to vanquish high U.S. inflation
Three current and prospective members of the Federal Reserve’s interest-rate setting panel pledged to fefeat high inflation ahead of nomination hearings.
: Why the founder of the shoe brand Toms is pledging $100 million to psychedelic research
Donation is believed to be ‘biggest that we’ve ever seen in the psychedelics space.’ Quest for treatments for depression, PTSD centers on MDMA, similar drugs.
The Fed: Powell tells Congress to expect higher interest rates
Federal Reserve Chairman Jerome Powell will tell the U.S. House Financial Services Committee that almost all of his colleagues expect higher interest rates by the end of the year.
Metals Stocks: Gold prices retreat ahead of Powell testimony
Gold prices slipped further Wednesday as traders waited to hear from Federal Reserve Chairman Jerome Powell, who will present two days of semi-annual testimony to Congress after the central bank held its policy interest rate steady last week but signaled there may be two more rate rises this year to lower U.S. inflation further.
Outside the Box: Why are unsafe products still being used even after they’ve been recalled?
America’s product-recall system is broken, exposing consumers to illnesses, injuries and death.
: Here’s some shocking news about the cost of retiree healthcare
Soaring inflation didn’t hit retiree healthcare in the way you might expect, for one main reason
Economic Report: Mortgage rates fall for third week in a row
Mortgage applications inched up 0.5% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.73%.
Bond Report: 3- and 6-month T-bill rates jump after Powell testifies on more 2023 Fed rate hikes
Short-term Treasury yields advance after Federal Reserve Chairman Jerome Powell reiterates that more interest rate hikes are likely on the way this year.
Need to Know: The AI boom will stay with the S&P 500, says one of most pessimistic Wall Street firms heading into 2023
Strategists at Societe Generale have bumped up their year-end S&P 500 target from 3,800 to 4,300
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