“There’s still this sense across industries that wage inflation is strong; there is still strong demand for talent,” said Bill Reilly, managing director at Pearl Meyer. The Pearl Meyer survey was conducted in August and September before the layoffs started to mount at the tech sector’s la...
Chile: Since General Pinochet stepped down as dictator and Chile’s decision to adopt democracy in 1990, its economy has continued to do well. Real economic growth has been 2.2% over the past five years and inflation is at a low 2.2% a year. The unemployment rate is 7%, largely due to...
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Is a recession coming? It’s possible ... and scary. Everyone is wondering what will happen. Especially with inflation, gas prices, and home values going crazy.By preparing now for a potential major downturn in the economy later this year, a recession might affect you less than others who...
aThe effect of the strong AUD is coming through loud and clear. The annual pace of tradable inflation is now negative. The steep decline in food prices has dragged this series down further (to –1.8%yr but food prices was also behind the recent surge due to natural disasters which lifted ...
"While inflation has cooled a bit in 2023, the rate of inflation in 2022 was the highest since 1981," said Lisa Featherngill, senior vice president and national director of wealth planning at Comerica Wealth Management, in an email. "As we all know, prices have increased substantially in ...
inflation back under control. The Bank of England started increasing interest rates back in December 2021, with the last rise being in August 2023 when the base rate went up from 5% to 5.25%, the highest level since 2008. When the BoE base rate increases, fixed-rate mortgage deals also ...
With global inflation and the cost-of-living crisis upon us, it’s no surprise that “reducing overall expenses” was the leading reason consumers cited for cancelling retail subscriptions in a recent survey10. If your business falls into the “luxury” rather than “essentials” category, you ...
Raising the rate: Conversely, when the Fed wants to cool down an overheating economy or combat inflation, it raises the target rate, making borrowing more expensive and encouraging saving. Holding steady: In periods of economic stability, the Fed may choose to keep the rate unchanged for extende...