Former Fed Chairman Robert Heller on why we need to stop raising interest rates now

font size The money supply is declining in absolute terms. Additional tightening by the US Federal Reserve risks triggering a recession, writes Robert Heller. El Drago/Bloomberg About the author: Robert Heller He is a former member of the Board of Governors of the Federal Reserve System. Inflation is the most important issue facing the economy … Read more

The Covid wave in China increases consumer interest in health insurance

Chuiyangliu Hospital, pictured in January 2023 in Beijing, has in the past few years finished renovations that have allowed daily patents to increase sixfold to 5,000 per day, according to official estimates. Yin Hun Chau | CNBC BEIJING — Health, sports and wellness top the shopping list for anyone in their late 20s or older … Read more

2023 NBA Trade Deadline | Report: Nas Red draws interest from Clippers and Nuggets

Nearly eight months after being hired away from the Denver Nuggets as president of basketball operations for the Minnesota Timberwolves, Tim Connelly may be able to catch up with his former teammates in the near future. In a Monday morning article from HoopsHype, Michael Scotto mentioned that Timberwolves center Naz Reid is of interest to … Read more

The Dow rose 300 points and the Nasdaq jumped 1% as investors weigh the Fed’s next interest rate move.

Textile stock slumps after Barclays cut to equal weight There were bigger discounts at Kate Spade and Coach Outlet as Barclays analysts surveyed holiday promotions in the handbag category. Seeing the trend as a warning sign of weak demand ahead, the company downgraded the shares of the brands’ parent company, textureto equal weight gain from … Read more

The Fed says it will not cut interest rates in 2023. Markets disagree. Who is right?

font size Marriner S. Eccles Federal Reserve Building in Washington, D.C. Kevin Deitch/Getty Images About the author: Christopher Smart Chief Global Strategist and President of the Barings Institute of Investment, and a former senior official for economic policy at the US Treasury Department and the White House. The US Federal Reserve could not be clearer. … Read more

Are flip phones making a comeback? Old technology piques Gen Z’s interest.

What happened around us comes to us. Popular in the late 1990s and early 2000s, clamshell “folding phones” were fashionable for their compact design – a fraction of the size of bulky “brick” phones a few years earlier – and for offering a satisfying closure when you hung up. But foldable phones weren’t ideal for … Read more

Japanese inflation data, Chinese loan interest rates

Bitcoin Trades Higher as Jamie Dimon Calls Digital Currency a ‘Misleading Fraud’ Bitcoin traded higher as JPMorgan CEO Jamie Dimon called the cryptocurrency an “excessive fraud,” in an interview with CNBC’s “Squawk Box” on the sidelines of the World Economic Forum in Davos, Switzerland. Bitcoin is up 1.5% over the past 24 hours to $21,127 … Read more

Will the Fed continue to raise interest rates in 2023?

Image source: Getty Images It’s something consumers have to prepare for. the main points The Federal Reserve implemented several large interest rate increases in 2022 to fight inflation. Although the pace of inflation has slowed, we could see a continued rise in interest rates this year. This means that borrowing money will cost consumers more, … Read more