Leading central banks, especially the U.S. Federal Reserve (Fed), emphasize that they are determined to monitor increases in both producer and consumer price indices for a while. However, global markets and economic circles follow increases in the producer price index, an indicator of cost inflation, and the increase in producer inflation is present in a...Read More
I have made it policy not to write letters to the editor. However, after reading Craig Carter’s column in the June 20 edition of Argus Observer, I felt compelled to present a few facts about unemployment benefits. The $300-per-week federal unemployment bonus granted by Congress is paid to workers already receiving unemployment benefits from the...Read More
KARACHI: Analysts forecast that the rupee is likely to remain range-bound against the US dollar in the coming week, depending on the demand for greenback by importers and as companies make their end-of-year payments, reported The News on Sunday. The rupee had a volatile week as it swung between 157.51 to a low of 158.53....Read More
The book covers financial crises like Lehman Brothers, Europe’s debt crisis contagion, property crisis in Ireland, etc (Photo: Express archives) History is all about wars and kings and destruction. Economics is always about inflation and growth. How does one then narrate economic history? The subject can be a drag and it is difficult to maintain...Read More
Well, I feel like a real sap. Back in February, I got vaccinated against COVID-19 and it turns out that was a big mistake. Had I waited, I might have been one of the lucky unvaccinated to win a chunk of California’s $116.5 million “Vax for the Win” COVID-cash prizes. Instead, like a dope, I...Read More
LAS VEGAS (KLAS) — Resorts World is now open for business! So, the big question is: how much of an economic impact will it have? Resorts World is the first new property on the Las Vegas Strip in more than a decade. Crowds of people filed into the resort Thursday night, as it opened to...Read More
Out of the U.S It was quiet start to the week. The markets had to wait until Wednesday for June’s prelim private sector PMI numbers. It was a mixed bag for the markets. While manufacturing sector activity picked up, the pace of service sector growth slowed in June. The services PMI fell from 70.4 to...Read More
AUSTIN, Texas — This week, the Associated Press broke the news that the U.S. economy has grown 6.4 % in the first quarter of 2021 — considerable gains made thanks to President Biden’s leadership, and a clear sign that our economy is back on track. This progress is squarely thanks to Democrats and President Biden’s...Read More
FRESNO, Calif. (KSEE) – The City of Fresno adopted its $1.4 billion Fiscal Year 2022 budget – following approval from Fresno City Council on Thursday. Both Mayor Jerry Dyer and city council members admit they did not get everything they asked for, but they say a compromise is in the best interest of Fresno residents....Read More
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