Former US ambassador says raising tariffs on China can lower inflation

Former US ambassador David Adelman said removing tariffs on imported Chinese goods would strip 1% of US inflation over time and restore confidence in the economy, which could help President Joe Biden at the ballot box. “Inflation will be the number one issue in the November US midterm elections,” Adelman told CNBC’s “Squawk Box” on … Read more

WWF report says online wildlife trade is on the rise in Myanmar | science news

Written by Eileen Kortenbach, Business Writer at AP Bangkok (AFP) – Illegal online purchases of wildlife are increasing in Myanmar, threatening public health and endangered species, a report by the World Wildlife Fund shows. The report released on Friday found that enforcement of the ban on such transactions has weakened amid political turmoil after the … Read more

Here are three things the Fed did wrong, and still not true

View of the exterior of the Marriner S. Eccles Federal Reserve Building in Washington, D.C., June 14, 2022. Sarah Selbiger | Reuters After years of being a beacon to financial markets, the Federal Reserve suddenly finds itself at a loss as it tries to navigate the economy through a vicious bout of inflation and steer … Read more

Associated Press interview: Biden says recession ‘not inevitable’

Washington (AFP) – President Joe Biden said Thursday that the American people are “really, really disappointed” after two turbulent years with the coronavirus pandemic.fluctuations in the economy Now the price of gasoline is going up that criticize family budgets. But he stressed that recession was “not inevitable” and hoped to give the country a greater … Read more

Associated Press interview: Biden says recession ‘not inevitable’

Washington (AFP) – President Joe Biden told the Associated Press Thursday that the American people are “really disappointed” after two turbulent years with the coronavirus pandemic.fluctuations in the economy Now the price of gasoline is going up that criticize family budgets. He said a recession is not inevitable and was alarmed by claims by Republican … Read more

A 100 basis point rate hike is a “medicine to stop this inflation”

Wharton Jeremy Siegel calls for a 100 basis point rate hikeMarkets may be “close to the bottom,” she says. A Wharton University of Pennsylvania finance professor told CNBC Wednesday that a 100 basis point Fed rate hike on Wednesday would be “a medicine to stop this inflation.” “The Fed needs to grab the inflation story…it … Read more

Mills and LePage look forward to November in Maine governor’s race | Health, medicine and fitness

By David Sharp – The Associated Press Portland, Maine (AFP) – Paul Lepagethe Republican who dominated his two terms as Governor of Maine offensive letter And the combative leadership, seeking a political return. without oppositionLePage will head to the Republican nomination for governor on Tuesday, as part of a fierce general campaign against incumbent Democratic … Read more

New York Republican Governor Candidates Discuss Crime, Economy and Trump | Health, medicine and fitness

By Marina Villeneuve – The Associated Press ALBANI, New York (AFP) – Four Republican candidates for New York’s governor faced off Monday in their first televised debate, trying to bruise each other – and Democrats – two weeks before the state primaries are due. Some of the sharpest exchanges that night came between US Representative … Read more

Confused about the economy? Here’s what you need to know

“When do you think they will announce that we are entering a recession?” rap singer chirp this week. We wish we knew the answer, Cardi. After all, recession forecasts have become a national pastime of economists, market analysts, politicians, and pundits around the world. That’s because prices in just about everything are still rising, stocks … Read more

Consumer Price Index May 2022:

Inflation accelerated further in May, with prices up 8.6% from a year ago in the fastest increase since December 1981 The Bureau of Labor Statistics reported Friday. The Consumer Price Index, a broad measure of the prices of goods and services, rose more than 8.3% by the Dow Jones estimate. Excluding volatile food and energy … Read more