Many Americans regularly report that they don’t make enough to support their families. Status plays a role — while money can’t buy happiness, it can bring status, which can lead to happiness.
Disruption at each stage of supply chain – production, transportation and distribution – is forcing New Zealand to ‘import’ more inflation. There will be no quick fix in 2022.
There’s no reason why Australian lenders couldn’t offer 30-year fixed-rate mortgages, as they do in the US. It could save borrowers thousands of dollars in interest a year.
The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.
The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
Until recently the Federal Reserve had been purchasing roughly $120 billion of assets every month to support the US economy. The Fed began scaling back those purchases in November and doubled the pace on Dec. 15.