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inflation

Turkey inflation sees biggest monthly jump since August

by Ron Morgan
Turkey inflation sees biggest monthly jump since August

President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023. …

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inflation: Strong job gains may dent Fed confidence on inflation

by Ron Morgan
inflation: Strong job gains may dent Fed confidence on inflation

Federal Reserve policymakers seeking greater confidence that inflation is on track to their 2% goal may have gotten the opposite on Friday when data showed U.S. job growth surged last …

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Electric bill based on income? Forget it, California lawmakers of both parties agree

by Vera Ward
Electric bill based on income? Forget it, California lawmakers of both parties agree

The push to maker higher-income Californians pay higher fixed charges for electricity has sparked class warfare — and a confounding round of ducking, glancing, blaming and finger-pointing. “Today we will …

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Gold demand hit record highs in 2023 amid geopolitical risks, China weakness

by Walter Watson
Gold demand hit record highs in 2023 amid geopolitical risks, China weakness

Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs …

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High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

by Anas Siddiqui
High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on …

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Small business optimism rises despite inflation: Goldman Sachs survey

by Anas Siddiqui
Small business optimism rises despite inflation: Goldman Sachs survey

U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC. Alex Wong | …

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Fed can’t fix 27% surge in California grocery prices

by Vera Ward
Fed can’t fix 27% surge in California grocery prices

Sometime in 2024, the Federal Reserve will declare it won its war on inflation. Fears of a recession will ease. The news should boost stock prices. Lower interest rates likely …

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Opinion | Why doubts over economic data matter more in the US than China

by Walter Watson
Opinion | Why doubts over economic data matter more in the US than China

Yet distrust of statistics is not just confined to China. There is also a significant trust deficit – one which could prove hugely consequential – in the United States. The …

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California consumer confidence starts 2024 at 7-month high

by Vera Ward
California consumer confidence starts 2024 at 7-month high

The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.” Buzz: Despite numerous financial challenges, California shoppers told …

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Here’s why gas always costs more in California

by Vera Ward
Here’s why gas always costs more in California

By Samantha Delouya | CNN Los Angeles — Gas prices in the United States have slid from their all-time peak in fall 2022, but there are drivers in at least …

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