Headlines from Across the MAPAug 25, 2022
Central bankers worry that the recent surge in inflation may represent not a temporary phenomenon but a transition to a new, lasting reality. To counter the impact of a decline in global commerce and persistent shortages of labor, commodities and energy, central bankers might lift interest rates higher and for longer than in recent decades—which could result in weaker economic growth, higher unemployment and more frequent recessions.
- Zero Hedge: "Inflation Sends Car Ownership Costs Soaring To Over $10,000 Per Year: AAA"
- Zero Hedge: "Only 13% Of Americans Believe Democrats' $369 Billion Will Reduce Inflation: Poll"
- Visual Capitalist: "Comparing U.S. Federal Spending With Revenue"
- The Washington Post: "The Remote Work Revolution Is Already Reshaping America"
- The Hill: "Dip In Inflation Will Likely Be A Cold Comfort To Fed At Jackson Hole Summit"
- Insurance Journal: "Amazon Keeps Growing, And So Does Its Cache Of Data On You"
- The Wall Street Journal: "Jerome Powell’s Dilemma: What If The Drivers Of Inflation Are Here To Stay?"
- Fortune: "Florida Landlords Try To Halt Rent Control Initiative That Could Impose Fines Of Up To $1,000 A Day"