Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting. Source link
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Inflation
Turkey to address soaring rents as house price index leaps 110%
Turkey’s residential property price index (RPPI) continued to move northwards and surged an annual 110% in March in nominal terms,
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Americans were worried about the economy even before inflation exploded, Fed survey shows
The Fed's annual Survey of Household Economics and Decisionmaking showed that just 24% thought national economic conditions were good or
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Central bank survey sees Turkey’s year-end inflation at nearly 58%
Central bank survey sees Turkey’s year-end inflation at nearly 58% | Daily Sabah Daily Sabah Source link
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Prices are surging, but people are still paying top dollar to watch live sports
Fans are eager to get out and experience live sports, even as inflation rises everywhere. Source link
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Emergency savings take a hit as households adjust their finances amid high inflation, study shows
The average reduction in monthly contributions to emergency accounts is $243, according to research. Source link
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European Central Bank member says to expect first rate hikes this summer
"We are on the right path," Joachim Nagel, one of the ECB's more hawkish members, told CNBC's Annette Weisbach. Source
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Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Former Morgan Stanley Asia chairman Stephen Roach warns the U.S. is on a dangerous path that leads to higher prices
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House Democrats push for state and local taxes relief in appropriations bill
Five House Democrats are still fighting for relief on the $10,000 limit on the federal deduction for state and local
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