Economy

How is the red-hot inflation hurting the common man?

 How is the red-hot inflation hurting the common man?

Inflation hits the common man hard. People are getting poorer dealing with this fastest inflation.

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Banks expect Fed to raise benchmark rate by 50 bps in March

Banks expect Fed to raise benchmark rate by 50 bps in March

Highlight The world’s top investment banks expect multiple interest rate hikes this year. The Federal Reserve hopes to bring down the inflation to 2% after the hikes. The US inflation has soared to 7% lately, the highest in nearly four d...

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US GDP grew 6.9% in fourth quarter of 2021, fastest growth in decades

US GDP grew 6.9% in fourth quarter of 2021, fastest growth in decades

Highlights The growth rate is expected to slow down in 2022 on weak consumer spending, supply issues. Household spending and efforts to rebuild depleted inventories drove the fourth-quarter growth. Consumer spending reduced toward the end of t...

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Should global markets worry over Fed’s interest rate plans?

Should global markets worry over Fed’s interest rate plans?

  • January 27, 2022 02:18 AM PST | Damini

Highlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hike fears are looming, investors are no longer considering equities as a hedge against inflation. N...

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Online Safety Bill: 7 points to note

Online Safety Bill: 7 points to note

Highlights  The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, Media, and Sport Committee (DCMS) said the bill is clear on various grounds. A group of MPs has wa...

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Are global markets headed towards a crash in 2022?

Are global markets headed towards a crash in 2022?

  • January 24, 2022 02:01 AM PST | Aayush

Highlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for central banks around the world to start tightening the monetary supply. The Dow Jones is down 6.34% for...

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Key US economic growth index rises strongly in December: Report

Key US economic growth index rises strongly in December: Report

Highlights The GDP will grow at an annualized rate of 2.2% in the first quarter, while the full-year growth rate is likely to be 3.5% year, the report noted. Omicron, labor shortages, inflation, and the expected rate hikes would moderate the g...

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How would inflation further affect sectors? 5 pointers to note

How would inflation further affect sectors? 5 pointers to note

The inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on the household sector and on the Bank of England to raise interest rate again. The sharp rise in inf...

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US housing starts rise 1.4% in December despite cost, supply troubles

US housing starts rise 1.4% in December despite cost, supply troubles

Highlights Supply problems and labor shortages have slowed down construction. The Commerce data showed housing starts increased by 1.4% to a seasonally adjusted 1.702 million units last month, the highest level since March. Housing starts fo...

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UK inflation surges to a 30-year high level: What to expect now?

UK inflation surges to a 30-year high level: What to expect now?

Consumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highest level in the last 30 years, as per the official figures released by the Office for National Sta...

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Report: World’s richest got richer during pandemic

Report: World’s richest got richer during pandemic

A recent report by Oxfam has stated that the world’s 10 richest people have seen their fortune increase by more than double from US$700 billion to US$1.5 trillion (£1.01 trillion), since the start of the pandemic due to various factors ...

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