Economic policy

Officials had approved interest-rate hikes at their previous 10 meetings to combat inflation. Officials had approved interest-rate hikes at their previous 10 meetings to combat inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

The long list of things AI will revolutionize includes, in roughly descending order of importance, childhood, democracy, the internet, chess and how to decide where to go on vacation. Today I would like to write about an area that cuts close to home: economic policy.To start with a simple framework: Production is the result of a combination of inputs — land, labor, capital and so on. If one of those inputs becomes more plentiful, the others become more scarce, in relative terms, and thus higher in marginal value.…

When we were teenagers, my brother and I received kidney transplants six days apart. It wasn’t supposed to be that way. He, two years older, was scheduled to receive my dad’s kidney in April of 1998. Twenty-four hours before the surgery, the transplant team performed its final blood panel and discovered a tissue incompatibility that all the previous testing had somehow missed. My brother was pushed onto “the list,” where he’d wait, who knows how long, for the kidney of somebody who had died and possessed the generous…

Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they're not keeping up with inflation. Wage growth has been consistent with an inflation rate of about 4.5%. Meanwhile, as of November, inflation was at 7.1%.Americans are feeling the brunt at the grocery store and gas station and with rent payments, too. Two-thirds of workers said their pay isn't keeping up with these higher prices. So…

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy."There has been a lot of talk recently that we're in a recession. We have two quarters of declining GDP that often happens with the recession. ... But we have job growth that is incredibly strong. We have an unemployment rate that is a 50-year low," Claudia Sahm, founder of Sahm Consulting and a former Federal Reserve Board economist, told CNBC.A top concern for…

China's annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending.VCG | Getty ImagesRegulation on China's technology sector is not loosening, it's just becoming more "rational," a top executive at e-commerce firm JD.com told CNBC.Over the past 16 months, Beijing has enacted sweeping regulation on the internet industry, a move that has…

Many renters believe that a cost-of-living crisis is brewing in America's major cities.New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper.Sudden, double-digit rent spikes are hitting other hubs, including Chicago, Los Angeles, and Austin, Texas. Zumper data shows that growth is particularly strong in Sun Belt cities such as Miami, where rents have risen to $2,700 a…