El-Erian Says Fed Made “Political Mistake Of Historic Proportions”

According to Allianz’s economic advisor, Mohamed El-Erian, investors are paying the price for the mistakes in Federal Reserve policy. “This is a two-part political error with historic proportions,” former CEO of bond giant Pimco said in an interview on Monday. “Part # 1 was seduced by” transients “and doing nothing, he added, referring to the … Read more

5 things you should know before the stock exchange opens on Monday, September 26

Raphael Bostic in Jackson Hole, Wyoming Dawid Grogan | CNBC Here are the most important messages traders need to start a trading day: 1. Bad start for inventory Stocks are still in danger. The three main indices fell on Monday, indicating that the problems from last week will continue. On Friday, the Dow index hit … Read more

The pound sterling hits record lows against the dollar as Asia-Pacific currencies weaken as well

Sterling hit a record low. Matt Cardy | Getty Images Critics say these economic measures will benefit the rich disproportionately and may cause the UK to take on high levels of debt at a time of rising interest rates. “[It] the UK government doesn’t seem to be throwing the market a bone to having a … Read more

Atlanta Fed chairman Bostic expects job losses but says there’s a really good chance of achieving 2% inflation without killing the economy

President and CEO of the Federal Reserve Bank of Atlanta, Raphael W. Bostic, speaking at a meeting of the European Financial Forum in Dublin, Ireland on February 13, 2019. Clodagh Kilcoyne | Reuters Raphael Bostic, chairman of the Federal Reserve Bank of Atlanta, appeared on CBS’s Face The Nation program on Sunday morning with a … Read more

The new minimum tax could hit Berkshire Hathaway and Amazon the hardest, according to research

Berkshire Hathaway CEO Warren Buffett as seen at Berkshire’s annual shareholder purchasing day in Omaha, Nebraska, U.S., May 3, 2019. Scott Morgan | Reuters Researchers applied a new minimum corporate tax of 15% introduced by the Inflation Reduction Act on corporate earnings in 2021 and found that only about 78 companies will feel the burden, … Read more

You thought you paid a lot last year for heating your home? Wait until this winter

“The price of everything has risen to such an extent that part-time work may not be enough to compensate for the increase in our budgeted bills,” said Bell, 41, whose husband works as a Chartered Nursing Assistant while studying nursing. degree. Like Bell, many Americans are gearing up for the cold reality that they will … Read more