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inflation

Russia hikes key rate to 15% in bigger-than-expected rise

by Walter Watson
Russia hikes key rate to 15% in bigger-than-expected rise

A man walks past the Russian Central Bank headquarters in downtown Moscow on September 6, 2023. Alexander Nemenov | AFP | Getty Images Russia’s central bank raised its key interest …

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Federal Reserve may not hike interest rates. What that means for you

by Walter Watson
Federal Reserve may not hike interest rates. What that means for you

Credit card rates top 20% Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate. After the previous rate hikes, the average credit card …

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Chipotle says it may need to tick its food prices up to pay California wages

by Ron Morgan
Chipotle says it may need to tick its food prices up to pay California wages

By Danielle Wiener-Bronner | CNN New York — Chipotle, which just announced price hikes, said it will likely charge even more at its California restaurants, blaming a new law that …

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Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate

by Walter Watson
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate

Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The core personal consumption expenditures price index, which the Federal Reserve …

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More working Californians slipped into poverty as pandemic aid expired

by Vera Ward
More working Californians slipped into poverty as pandemic aid expired

BY ALEJANDRA REYES-VELARDE | CalMatters California’s poverty rate climbed in the first quarter of 2023, the latest quarter measured by the Public Policy Institute of California. Poverty increased from 11.7% …

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Bank of Canada governor won’t say when interest rates will drop, but insists it won’t take a recession

by Anas Siddiqui
Bank of Canada governor won’t say when interest rates will drop, but insists it won’t take a recession

The Current18:56Why Tiff Macklem won’t rule out more rate hikes Bank of Canada Governor Tiff Macklem says he knows aggressive rate hikes have caused financial hardship for many Canadians, but …

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Why this Bay Area couple swapped California for Spain

by Vera Ward
Why this Bay Area couple swapped California for Spain

By Tamara Hardingham-Gill | CNN After a number of failed IVF rounds, health issues and the death of their beloved dog, US couple Jason Luban and Selena Medlen were in …

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It’s getting obscenely expensive to build housing in San Jose

by Vera Ward
It’s getting obscenely expensive to build housing in San Jose

It’s no surprise that building housing in San Jose isn’t cheap, but this year is shattering records for construction costs in the nation’s 12th-largest city. A new report commissioned by …

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Opinion: Why Argentina’s presidential run-off could rock China’s relations with Latin America

by Walter Watson
Opinion: Why Argentina’s presidential run-off could rock China’s relations with Latin America

Shortly after Argentina’s primary election in August, when the far-right candidate Javier Milei’s victory sent shock waves through the political system, I had my annual call with an old schoolmate. …

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Canadians ‘lose sleep’ worrying about money, young adults especially: RBC poll – National

by David Johnson
Canadians ‘lose sleep’ worrying about money, young adults especially: RBC poll – National

Canadians of all ages are feeling the pinch of inflation, but it seems that the current cost-of-living crisis is having a particularly heavy impact on the mental health of younger …

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