The number of people working part-time hit a 21-year low. Transportation and warehousing have three-quarters of a million new positions. Wages, overall, continue to rise, and there is no indication that companies are cutting hours. Inflation at 40-year highs is doing little to staunch consumer fears of a downturn. Jay Baker isn’t stressed over a … Read more
With inflation expected to remain high for some time, the US central bank is likely to raise interest rates soon after it ends its bond-buying programme in March, a Federal Reserve board member said on Friday. The Fed earlier this week announced it will accelerate the end to its stimulus programme after inflation last month … Read more
FRANKFURT: Rising inflation and the spread of a new variant of the coronavirus will weigh on central banks’ minds this week as they meet to decide how quickly to withdraw their pandemic-era stimulus. As policymakers on both sides of the Atlantic contend with soaring inflation and the rate of infection of the Omicron variant, the … Read more
