Fed Reserve’s latest warning about the inflation pain to come

Published

2 years ago

August 29, 2022

U.S. Federal Reserve chair Jerome Powell is warning about the pain to come, as he uses every tool possible to halt inflation and rising costs

In his much anticipated speech, Powell warned the Fed will use its tools forcefully to attack inflation that is still nudging its highest levels in 40 years.

Even after four consecutive interest rate rises totalling 2.25 per cent, Powell says it’s not the right time to stop or pause.

Following his speech, the Dow dropped off more than 500 points.

Related Topics:Featured Politics trending

Up Next

Is nuclear power the answer to the global energy crisis?

Don't Miss

Why are car prices so high?

Ahron Young

Research key to investment success

Published

5 hours ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

7 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

Money

Unpacking crypto ‘prop trading’

Published

2 days ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.