markets
Wes Ward to continue as agriculture secretary under Huckabee Sanders
Wes Ward, Arkansas’ current agriculture secretary, will continue in that role in the administration of Gov.-elect Sarah Huckabee Sanders, according to a Monday press release. “I look forward to continuing to invest in our strong, dynamic agriculture industry as the secretary of agriculture,” Ward said in the release. “Governor-elect Sanders shares my deep appreciation for […]
4 takeaways on housing ahead of inflation report
Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. The latest Consumer Price Index numbers, which are used to measure inflation, come out on Thursday morning. But the survey used to measure shelter, a large component of inflation, lags […]
Fed inflation fight raises risks of both recession and financial crisis
There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to a halt, leading to a recession. Less talked about is the risk of a financial crisis as the U.S. central bank simultaneously tries to shrink its massive balance sheet. As expected, […]