Persistent, record-high inflation hasn't been an issue for U.S. consumers for decades, but that took a dramatic turn in the last year-and-a-half and has yet to show any clear signs of easing.
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FedEx forecasts a drop in profits, plans to raise fees to cover lossesThe shipping giant is worried that inflation and the looming worries of a recession will bring a global slowdown in purchases and package deliveries.
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Powell's stark message: Inflation fight may cause recessionWASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
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Evercore ISI cuts S&P 500 year-end target as Fed's tough talk raises probability of a recessionThe Federal Reserve's signal to risk a recession in its inflation fight caused Evercore ISI to slash its market forecast on Thursday.
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Inflation fight may cause recession, says Fed Chair PowellThe Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
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Powell’s stark message: Inflation fight may cause recessionOther major central banks are taking aggressive steps, too, to combat global inflation, which has been fueled by the global economy’s recovery from the COVID-19 pandemic and then Russia’s war against Ukraine.
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