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How high will interest rates get in 2022?

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The world is grappling with the rising cost of living, but exactly how long will the price hikes continue?

On a global scale, the economy is still trying to cope with the ongoing fallout from Russia’s invasion of Ukraine.

And on top of that, China’s ongoing covid lockdowns are impacting global trade. This has sent the price of necessities skyrocketing, with groceries and petrol prices hurting the back pocket.

The key U-S banking authority just gave the public an insight into its state of mind, releasing minutes from the latest policy meeting.

The Federal Reserve has indicated that interest rate hikes could go higher than anticipated in an attempt to cool inflation.

Officials have confirmed they are willing to go ahead with multiple 50 basis points rate increases.

 

“The markets responded very favourably today…The Fed is getting ready to not allow the markets to fall much further”

octavio marenzi

But exactly how high will interest rates go?

“I think it’s going to be a good deal higher than 3.5 or 4%”

Octavio marenzi

The new data shows that there is some hope when it comes to cooling inflation, but also clearly shows there’s skepticism about financial stability.

Went we look at housing, sales of new houses have declined by approximately 16%, with many concerned that buying a house is simply out of reach for people right now.

This is, of course, on top of sky-high petrol prices, groceries, and minimum wages.

“For many Americans, housing is now out of reach… Houses are very expensive… It’s having an affect on home owners and home renters”

octavio marenzi

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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World

Top travel tips to avoid jet lag

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These travel tips will help you reduce jet lag the next time you travel abroad

 
We all love a holiday but, unfortunately, when you’re travelling long distances it often comes with a side of jet leg.

So what causes it and are there any ways to avoid that drowsy feeling?

After years of lockdowns and travel restrictions, people are finally back in the skies and venturing to destinations right around the world.

The term “jet lag” describes the physical and cognitive symptoms people experience when traveling quickly across several timezones.

Before you leave, you’re synchronised to your local time and once you enter a new timezone, your body’s rhythms are thrown out of whack.

The experience of jet lag varies between people because we all have our own internal rhythm.

Most have a natural daily cycle of about 24.2 hours.

But some people have slightly longer cycles than others, and this could play a role in how a person experiences jet lag.

Research shows if you have a longer cycle you might adjust quicker to westward travel.

We also get a little less resilient as we age, so the older you are, the worse the jet lag may be.

So does the direction of travel matter? Scientists think so.

Many people find westward travel easier. This is when you, essentially, gain time.

But that’s not always possible – so here are some tips to help you through the pain, or even avoid it, in the first place:

1. If you’re trying to shift your body clock, you should start on the plane. Do this by setting your watch to your destination’s timezone and line up your activities, like sleep and meals, accordingly.

2. Next, keep your caffeine and alcohol intake low on the journey to help aid both sleep and hydration.

3. When you arrive, try your absolute best to sleep during the local night time and rest during the day as needed.

4. You can take a nap – but make sure it’s 30 minutes or less.

5. If you’re prone to or experience tummy trouble while traveling, stick to small meals and only eat when you’re hungry.

6. Finally, you should also expose yourself to sunlight throughout the day when adjusting to your new timezone.

Happy travelling! #trending #featured

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World

Young people join protest in France against pension reforms

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Young people are taking to the streets in France as Macron pushes ahead with raising nation’s retirement age

 
Huge crowds have gathered in France in recent weeks to protest a controversial rise in the country’s pension age by two years to 64.

Some of the marches have turned violent.

While the reform is most relevant to those approaching retirement, many young people are also taking to the streets.

But why might that be?

The French youth have joined the protests in growing numbers since the government bypassed parliament to push the plans through.

Every night for the past few weeks, 18-year-old Charles Chauliac has been making his voice heard. Not just for his parents, but for himself.

“I am against this reform simply because I have two parents who are killing themselves at work and damaging their health and I don’t want to see them die at work. My father, he works every day, he gets up to get on the tarmac at Charles de Gaulle airport at 5 a.m. to load the planes. I find it difficult to imagine myself at 64 getting up at 3 a.m.”

Chauliac is part of groups started by university students to organize unauthorized demonstrations, which are usually carried out in the evenings.

While a few protesters have been seen torching bins and throwing rocks at police, Chauliac insists he hasn’t.

Opinion polls show a wide majority of voters are opposed to the pension bill.

They are further angered by Macron’s leadership style and the government’s decision to skip the parliamentary vote.

“For young people like me, we grew up with the hope of being able to influence our society. And when we see that decisions are made without consulting the people who make up this society, that takes away the possibility of being able to change things.”

Many students, like Chauliac, have been joining private groups on social media which help students mobilize for spontaneous protests.

He says they help prevent the groups being noticed by police.

But does Chauliac worry about the repercussions, should the demonstrations get out of hand?

“I wonder about that, because I know what can happen to us too, we see the images and we see what happens to fellow protesters, but that wouldn’t prevent me from demonstrating, because I’m so outraged that it surpasses potentially endangering myself.”

Macron recently said he would press ahead with the reforms.

Unions have called for regional action, and the continuation of nationwide strikes and protests. #trending #featured

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Tech

Facial recognition has been used a million times by U.S. police

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Controversial facial recognition has been used a million times by police to help track criminals

 
As facial recognition becomes more prominent, the founder of tech firm Clearview says his company has run nearly a million searches for U.S. police.

It’s also been revealed the company has scraped 30 billion images from platforms such as Facebook and Instagram, taken without users’ permissions.

The company has been fined numerous times in Europe and countries like Australia for breaches of privacy laws.

In the U.S., critics say the use of Clearview by authorities puts everyone into a “police line-up”.

The company’s high-tech system allows law enforcement to upload a photo of a face and find matches in a database comprising of billions of images it has collected.

It then provides links to where matching images appear online.

The tool is considered to be one of the world’s most powerful and accurate.

While the company is banned from selling its services to most U.S. companies, there is an exemption for police. #trending #featured

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