Economists see recession coming, so maybe it’s not – The Financial Times
Economists tend to think in small incremental steps, missing big turns in the story, which helps explain why their consensus view had not forecast a...
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Crypto Prices Fall Most in Two Weeks Amid FTT and Macro Risks – Bloomberg
Bitcoin and Ether dropped to their lowest in two weeks on Tuesday, following a renewed slump in cryptocurrency exchange FTX’s token and amid broader caution...
Universal government spending may lead to higher inflation in Eurozone, Brussels warns – Euronews
The European Commission has warned eurozone countries that the “significant” fiscal expansion they are adopting to fight the energy crisis may worsen inflation. It urged...
More Workers Get Side Hustles to Keep Up With Rising Costs – WSJ
As the holidays approach and America’s full-time workers feel pinched by inflation, some are turning to second jobs to supplement their incomes. The October jobs...
Status of the Social Security Trust Fund, Income and Outgo: Fiscal 2022 – Wolf Street
Income jumped by $105 billion to a record $1.04 trillion as more people worked and earned higher wages, and contributed more. The balance in the...
Elon Musk’s challenge to management thinking – The Economist
Elon musk’s takeover of Twitter raises questions of policy: is it right for the world’s richest man to own such an important forum for public...
Villeroy Urges ECB Hikes Until Underlying Inflation Has Peaked – Bloomberg
The European Central Bank should keep raising interest rates, even at a reduced pace, until inflation excluding energy and food prices starts to ease, Governing...
How the midterms could affect Wall Street – CNN
Last week was a volatile one on Wall Street, with stocks falling after Federal Reserve chair Jerome Powell dashed the market’s dreams of a pivot...
Inflation, Recession Fears Have Some Holiday Shoppers Trading Down – WSJ
Many shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats...
Interest rates will keep rising. How high will they go? – CNN
What will the Federal Reserve do at its meeting in December? Analysts can speculate all they want, but Fed officials say they will be using...