Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more

Europe investigates unexplained gas leak in Nord Stream pipelines

BERLIN – European authorities are investigating mysterious leaks on two currently closed Russian natural gas pipelines to Germany, with officials telling ships to stay away from the area. accidents for her No effect on gas supplies in Europe Since both links are not currently in use. Germany halted Nord Stream 2 pipelines in February due … Read more

Stocks are sinking and rates are rising. It hurts, but we’re heading back to normal.

stocks and bonds stumble. housing weakened. And I haven’t heard a word about nonfungible cartoon monkey icons Maybe in three months. Strategists are now turning to really exotic assets – two I spoke with last week recommended buying long-term Treasurys. Someone also said that he prefers stocks of companies that are generating cash, and was … Read more

The luxury home market is experiencing its biggest decline in a decade. “It’s like cockroaches.”

When Nancy Lam upgraded in January to a home closer to her child’s school in the San Francisco Bay Area, she thought she had plenty of time to list her old home, a modern five-bedroom home in the coveted suburb of Lafayette. After all, the pandemic has sent the luxury housing market up a notch, … Read more

Robert Sarver says he will look for buyers for the Phoenix Suns and Mercury after the NBA probe

Robert Sarver, owner of the Phoenix Suns and owner of Mercury, said Wednesday that he will begin the process of finding buyers for basketball teams, after An investigation into his behavior in his workplace The league paid a one-year suspension and a $10 million fine. An NBA investigation found Sarver said racial insults “when telling … Read more

You’re supposed to follow the 3 common money rules – but there’s the truth of life

20% off when buying a home. Do not spend more than 30% of your income on housing costs. Keep childcare expenses under 10% of your family’s annual income. Basic money rules can be useful buffers, helping you customize spending and decide what’s on hand. She can also be incredibly subdued when she feels unattainable. If … Read more

Will the economy get worse? Consider raising your credit limit beforehand.

Relying on a line of credit in a fragile economy is the equivalent of expecting a weak bridge to weather the storm and keeping you alive. It is not uncommon Credit card Issuers to reduce their risk by lowering credit limits or closing accounts when there is a possibility of economic distress. Credit card issuers … Read more

In a rare sit-down, Nobel Prize-winning economist Peter Diamond sees a “major shift in power from employers to workers underway”

Peter Diamond, the 2010 Nobel Prize winner in economics, has kept away from journalism for most of his long and illustrious career, stating that he worries about being misunderstood. Given the opportunity to interview him, MarketWatch jumped at it. His supporters believe Diamond may be the smartest economist. His selection by President Barack Obama to … Read more

Russian President Vladimir Putin says Xi Jinping has raised China’s concerns about the Ukraine war

Russian President Russian President Vladimir Putin He said he sought to address Beijing’s concerns Thursday about the Ukraine war in his first meeting with Chinese leader Xi Jinping since the conflict began, which recently led to the outbreak of the conflict. Major battlefield setbacks to Moscow. Mr. Putin told his Chinese counterpart that Moscow highly … Read more