@ISIDEWITHQuestionsthe EconomyStarted 2mos agoActive 5 days ago

Has the government done enough to lower inflation?

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10% Yes	90% No
10% Yes	90% No

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@9RBQ523from Quebec answered…5 days5D

It has not done enough to curb opportunism in some sectors.

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@ISIDEWITH submitted…14hrs14H

Putin’s Latest Problem Is Runaway Inflation

Last year, the Russian central bank more than doubled interest rates to tame prices. Inflation, though, kept rising, hitting over 9% this month, with a vast range of goods and services becoming costlier from potatoes (up 91% so far this year) to economy-class flights (up 35%). The central bank lifted its benchmark rate another two percentage points on Friday to 18%, making it one of the few central banks in the world to raise rates this year. Inflation has become a hard-to-shake feature of Russia’s war economy. Even as price rises have moderated across much of the developed world, Russia’s struggles with price stability are getting worse.A surge in military spending by the government and a record labor shortage as working-age men go to the front or flee have fueled wages and pushed up prices. Fresh rounds of U.S. sanctions, meanwhile, have complicated international payments, further driving up costs for importers.

@ISIDEWITH submitted…2wks2W

US Federal Reserve signals inflation is moving towards 2% target

The US Federal Reserve has become more confident that inflation is moving back down to its 2 per cent target, the central bank’s chair said on Monday, in the latest sign that it is preparing to cut interest rates.Speaking at the Economic Club of Washington, Jay Powell appeared optimistic about a drop in inflation signalled in last week’s consumer price index report, which showed price pressures were easing in the US.“Our test has been for quite some time that we want to have greater confidence that inflation was moving sustainably down towards our 2 per cent target, and what increases confidence in that is more good inflation data,” said Powell. “And lately, we have been getting some of that.”The Fed chair also referred to the last three monthly inflation reports, which he said reflected “a pretty good pace” of price growth. They were preceded by an unexpected resurgence of inflation in the first quarter of the year which pushed back the timing of when the central bank would begin cutting its benchmark policy rate from its current level of 5.25-5.5 per cent.Markets do not expect the Fed to reduce rates at its upcoming meeting at the end of the month but Powell’s comments will reinforce expectations that it is preparing to lower borrowing costs when it meets in September.

@ISIDEWITH submitted…1mo1MO

Growing US debt threatens global economy

The US will be forced to fund a massive increase in its budget deficit with short-term debt, analysts have said, with consequences for money markets and the battle against inflation.The Congressional Budget Office, the independent fiscal watchdog, this week said aid packages for Ukraine and Israel would help push up the US deficit this fiscal year to $1.9tn — compared with its February prediction of $1.5tn.“We are spending money as a country like a drunken sailor on shore for the weekend,” said Ajay Rajadhyaksha, global chair of research at Barclays. The increase in the deficit has long alarmed fiscal hawks, who warn the US’s lack of discipline will inevitably push up borrowing costs and that neither President Joe Biden nor his Republican challenger Donald Trump have substantive plans to shore up the country’s finances. “It is likely that the share of Treasury bills as a share of total debt increases, which opens up the question of who is going to buy them,” said Torsten Slok, chief economist at Apollo. “This absolutely could strain funding markets.”

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@ISIDEWITH asked…11mos11MO

Which political ideology do you most identify with?

Political ideologies are coherent sets of beliefs and values that form a framework for understanding the role of government and the organization of society. They guide political behavior and policy decisions, influencing views on topics like economic distribution, individual liberties, and social justice.…

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