inflation - Unusual Whales

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inflation

A collection of 7 posts

bank for international settlements

Bank for International Settlements says banks could experience 2008-like losses if inflation isn't controlled

Per Business Insider The Bank for International Settlements (BIR) is talking about a potential banking crisis that could happen with uncontrolled inflation. This was despite the bullish stock market as of press time. The BIS published an annual report which highlighted how possible the banking system could experience 2008-like losses

US inflation hits two-year low

Per CBC The US inflation rate has finally hit its lowest level in the last two years. This came as its inflation rates hit 4%, well below April's 4.9%. This came as consumer prices saw a 0.1% increase from April to May. The report by CBC

Price of English breakfast ingredients rise to a record-high $44

Per Bloomberg Making an English breakfast just got more expensive as the price of its ingredients skyrocketed in the UK. Now, to make the full meal, people would have to spend around $44. This comes as UK food inflation has affected the prices of multiple ingredients required to make an

Argentina's rate is up to 97% after a 600 basis point hike

Per Reuters Argentina has decided to raise its rate hike by 600 basis points, increasing the rate by 97%. This came as the country's economic defences hit 109% in April as it tried to battle runaway inflation. JPMorgan gave a statement regarding what Argentina was doing. "The

Blackrock expects Americans to have to live with higher prices for years

With the rising prices of most goods, Blackrock expects Americans to have to live with these high prices for years to come. The firm's strategists also expect not to be able to meet its inflation targets. Previously, the Fed announced its plans to bring inflation down to just

15-Year-High Interest Rates Result in Americans Sinking Deeper Holes with Poor Loan Terms

Per Bloomberg As interest rates reach a 15-year-high, Americans are now forced to agree to unfavorable loan terms. Almost a third of car buyers are now taking six- to seven-year loans to help them afford the purchase. Ludwig Institute for Shared Economic Prosperity economist Philip Cornell gave a statement regarding

Inflation Pushes Minimum Wage in Turkey to Rise by 55%

Per CNBC After Turkey reached an inflation rate of 84.4%, a 24-year high, the country decided to hike its minimum wage by 55% as even basic necessities became almost unaffordable to millions of citizens. The minimum salary raise is expected to take effect in 2023, requiring businesses to pay