Reservations

The Fed's own economists are sounding the recession alarm - and warning that more interest-rate hikes could tank the US economy

5 days ago   |   By Business Insider

Jerome Powell chairs the Federal Reserve. Yuri Gripas/Reuters
The Federal Reserve's staff economists said there's a major risk of a US recession next year.
They flagged tepid consumer spending, foreign headwinds, and tighter financial conditions.
The economists join a long line of experts warning the US is headed for a painful downturn.
The Federal Reserve's own economists have sounded the alarm on a potential recession, warning there's a serious risk that the US economy slumps into a painful downturn next year. The central bank's staff flagged rising pressure on consumer spending, trouble...
Read more ...

 

FTX's collapse shows regulation is needed 'before the next crypto catastrophe takes down our economy,' Elizabeth Warren warns

5 days ago   |   By Business Insider

FTX's collapse shows the need for proper crypto regulation, US senator Elizabeth Warren said Tuesday. REUTERS/Joshua Roberts
FTX's bankruptcy shows the need for crypto regulation, Elizabeth Warren warned Tuesday.
"FTX's implosion should be a wake-up call. Regulators must enforce the law before more people get cheated," she said.
Warren criticized crypto's usage in money laundering and its high environmental cost.
FTX's sudden implosion shows there's a need for proper crypto regulation before digital assets cause wider economic damage, according to Elizabeth Warren. The Massachusetts...
Read more ...

 


Search by Tags

   Reservations      Reservation      Markets      MI Exclusive      Stocks      Federal Reserve      Monetary Policy      Inflation      Recession      Interest Rates      Rate Hikes      Economic outlook      Economic Growth      Central Bank      FOMC      Global Economy      Russia ukraine war      Consumer spending      Jerome Powell      Customs      Money      Custom      Crypto      Crypto crash      Crypto Regulation      Ftx      Ftx bankruptcy      Elizabeth Warren      Sam Bankman-Fried  


Small Town Love: The Top Things to Do in Lexington

Small Town Love: The Top Things to Do in Lexington

There's something for everyone in Lexington. The Shenandoah Valley college town, home to both Washington & Lee University and the Virginia Military Institute , is a fit for... Read more ...

Twitter continues to see a 'significant decline' in advertising losses: report

Twitter headquarters in San Francisco, California. Tayfun Coskun/Getty Images A report from Platformer revealed that Twitter advertising revenues continue to fall. This comes... Read more ...

A senior official needs to be with Trump at all times after the dinner...

Former President Donald Trump. Spencer Platt/Getty Images Trump's team has a new rule: A senior official needs to be with Trump at all times, the AP reports. The team is also... Read more ...

Global business in an exclusive circle: applications are open now for the...

Global business in an exclusive circle: applications are open now for the ITB Buyers Circle

As of now the applications are officially open for the ITB Buyers Circle at ITB Berlin 2023 - an exclusive membership for leading buyers representing the leisure, business... Read more ...

The Best Places In The World To See Vibrant, Historic Tilework

Pattern, color, and unmatched craftsmanship: here are the top destinations around the world to see handcrafted historic tile. Read more ...

Singapore Air, Tata Sons Agree To Merge Air India And Vistara, Creating...

Singapore Airlines and Tata Sons have agreed to merge Air India and Vistara to create one of the leading airlines in the world's fastest-growing economy. Read more ...

Three remote J& K locations among others that'll get spotlight now

Three remote J& K locations among others that'll get spotlight now

We all know that Kashmir for its natural beauty is commonly recognized as the ‘paradise on earth' which features snow-covered mountains, gushing water bodies, verdant expansive... Read more ...

Dagara Beach to get a major facelift

Dagara Beach to get a major facelift

Odisha's Dagara beach located in the Balasore district is popular for its huge area in terms of sand, long casuarina forest and red crabs. This desirable destination is known... Read more ...

NewcastleGateshead selected for important tourism project

NewcastleGateshead selected for important tourism project

As the location for an important tourism project, the North East has been selected and aims to draw greater amount of investment, greet more sporting, cultural events, and... Read more ...

A 1930s eugenics experiment is the reason women's clothing sizes are so damn...

Anna Kim/Insider In her book, "Butts, a Backstory," Heather Radke revealed how women's sizes came to be. Measuring squads visited American households and only maintained white... Read more ...