Inflation is starting to cool, and Wall Street is loving it

New York CNN Business – Stocks ended the day higher on Tuesday after the US government reported this total price It rose at a much less dramatic rate than expected. This news comes a few days after another report showed that the pace High consumer prices It was also slowing down. The daw It rose … Read more

Biden’s stock market record so far is the second-worst since Jimmy Carter

New York CNN Business – The stock market started the Biden era with a boom. But heading into the midterm elections looks like bankruptcy. Coming into Monday, the S&P 500 has advanced just 13.2% since President Joe Biden took office in January 2021. This marks the second worst performance during the president’s first 1,022 days … Read more

The Federal Reserve and the White House unite for a day at the heart of Biden’s political problem

CNN – Two centers of power in Washington on Wednesday will reveal toxic political dynamics One of the most important economic issues A threat President Joe Biden Majority in Congress with midterm elections less than a week away. The Fed is likely to do so Lead to another historical interest rate hike And about half … Read more

America and Saudi Arabia are locked in a bitter battle over oil. The stakes are huge

New York CNN Business – The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most embarrassing. Angry officials in Washington vowed ‘consequences’ after Saudi leadership OPEC sharply cut oil production Earlier this month, it sent pump prices up … Read more

Janet Yellen: Treasury Secretary says she sees no signs of recession in the US economy

CNN – Treasury Secretary Janet Yellen said Thursday in an exclusive interview with CNN that she sees no sign of that recession In the near term, as the US economy rebounded from six months of deflation. During a face-to-face interview in Ohio aired on CNN’s “Erin Burnett OutFront,” Yellen said third-quarter GDP data released Thursday … Read more

Here’s How Republicans Will Deal With Inflation

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. CNN – Life is more expensive, which means that everyone gets a cut in his salary. And people are not happy with that. Gas prices are still high. high rents. service cost. … Read more

The political mood tilts in favor of the Republicans as the economy and inflation come first three weeks after the midterms

CNN – The Economie And the inflation Are the dominant issues after three weeks of midterm congressional electionsWhich poses a challenge to the Democrats’ chances of maintaining control of Congress, according to a series of new opinion polls released in the past few days. Prevailing impressions of the economy as bad and worsening, accompanied by … Read more

Consumers are more optimistic about the US economy

CNN – Consumer confidence rose for the second consecutive month in September, as such Moderate gas prices and hope for easing inflationary pressures Help raise the collective mood of the nation. The Conference Board reported Tuesday that its baseline index rose to 108 from a revised 103.6 in August, its highest level since April. The … Read more

Opinion: Too much faith in the Fed has been lost. Will she be able to win our trust back?

Editor’s note: Mohamed El-Erian is President of Queen’s College at the University of Cambridge, the Renee Kearns Professor at the Wharton School of Business, a Senior Fellow at the Lauder Institute and an advisor to Allianz and Gramsey. He serves on the boards of Barclays, NPR and Under Armour. The opinions expressed in this comment … Read more