Category : Deflation
Fed indicates it will let inflation run above 2 percent goal for 'temporary period'
The Federal Reserve minutes from its May meeting said "a temporary period of inflation modestly above 2 percent would be consistent with the Committee's symmetric inflation objective."
Russia & other countries can demand $3.5bn in compensation from US over tariffs
Turkey, Japan and Russia have calculated how much US tariffs would add to the cost of steel and aluminum exports to America, and submitted their claims to the World Trade Organization.
Goldman Sachs: The fiscal outlook for the US 'is not good'
Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
US & China put trade war ‘on hold,’ agree more talks
The US-China trade war is “on hold” after the world’s two largest economies agreed to stop threatening new tariffs ahead of further negotiations on a wider trade deal.
Blundering Into Recession
Jim Rickards gives his opinion about the blundering Into Recession
At top of the Fed, a dispute on policy picks up steam
Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.
The End of Easy Money Era
The good news is that the stock market party may not be over. The bad news is that it might be time for last call.
Russian bank helps Venezuela defy US sanctions on cryptocurrency
The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank.
IMF's Lagarde Warns Rising Protectionism May Slow Global Growth
IMF Managing Director Christine Lagarde warned that a surge in trade protectionism could sap the momentum of the global economic upswing.
Iran's Gold Demand Set for Spurt Before Trump Sanctions Bite
After 2012 sanctions, Iran gold demand crashed 65% in 3 years