Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more

Fiona slams Canada’s Atlantic coast, killing homes and cutting off electricity to thousands

Editor’s note: Affected by the storm? Use CNN light site for low bandwidth. CNN – Fiona The east coast of Canada swept through the force of a hurricane after making landfall in Nova Scotia on Saturday, plunging the region into strong winds and stormsdrains the power of hundreds of thousands and washes or collapses some … Read more

The Fed’s fight against inflation could cost 1.2 million US jobs

Minneapolis CNN Business – In its efforts to lower historical inflation and cool the economy, the Federal Reserve has used Multiple euphemisms To describe the potential impact on Americans’ jobs, from Economical ‘pain’ To the “unfortunate costs” and Softening the labor market. However, the data does not taint the words. The Federal Reserve’s latest economic … Read more