Monday, September 19, 2022

Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation

Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line.
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Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation
Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line. Read more »
 
Stocks fall ahead of Federal Reserve meeting
US stocks opened lower on Monday after all three major indexes logged their worst week since June. The declines came as interest rates spiked ahead of the Federal Reserve's two-day policy meeting later this week. Read more »
 
Another big rate hike is coming. Lather. Rinse. Repeat
The Federal Reserve's upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. Read more »
 
Why it's time to start paying with $2 bills
Inflation has made it hard to buy much with a buck these days. Read more »
 
FedEx cuts sales forecast by half a billion dollars, warning of a slowing economy
FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target. Read more »
 
Why you can't buy stamps at this Post Office
The labor shortage has reached peak stupid: One post office's workers couldn't sell stamps. Read more »
 
 
 
 
Dow Nasdaq S&P
+197.26   +86.62   +26.56
31,019.68   11,535.02   3,899.89
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