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News & Articles By Mary Villareal
06/23/2022
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By Mary Villareal
As economy reels from gas price hikes, Biden proposes gas tax holiday
Farmers are now struggling to make ends meet while producing food as diesel prices continue to climb. Pennsylvania farmer Kyle Kotzmoyer told state lawmakers he could not afford the diesel fuel to run his tractor, which is hooked up to his corn plant. He warned the Pennsylvania Legislature that food may no longer be readily available […]
06/17/2022
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By Mary Villareal
US producer prices rose 10.8% in May, Labor Department reports
Businesses in the United States charged 10.8 percent higher in May compared to the same month a year ago. It marked the sixth straight month that the government’s producer-price inflation gauge is running at or above 10 percent. According to the Department of Labor, the Producer Price Index (PPI) for final demand rose 0.8 percent in […]
06/15/2022
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By Mary Villareal
Expert economist: High inflation could have been avoided if Federal Reserve acted earlier
Economist Mohamed El-Erian said the current record-high inflation could have been avoided if the Federal Reserve had acted earlier and shown humility after wrongly describing inflation as “transitory.” El-Erian, who serves as an economic adviser at international financial services provider Allianz, appeared as a guest on CBS‘s “Face the Nation” to discuss what caused the […]
06/14/2022
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By Mary Villareal
Average rent prices in the US surpass $2,000 amid inflation and rising mortgage interest rates
The median monthly asking rent in the United States has now surpassed $2,000 for the first time, reaching a record high of $2,002 in May. This is a 15 percent year-over-year increase, on par with April’s annual increase, but slightly lower than the 17 percent gain in March. More people are opting to live alone, but […]
06/01/2022
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By Mary Villareal
Lumber prices fall as rising interest rates affect housing industry
Another sign of how rising interest rates are deflating markets that boomed during the Wuhan coronavirus (COVID-19) pandemic can be seen in lumber prices, which have started crashing down. Wood prices were a leading indicator of the supply chain problems and inflation following the pandemic lockdowns. Prices shot up in the summer of 2020 as […]
05/30/2022
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By Mary Villareal
US stocks leading the global market selloff; European financial markets holding up better (for now)
The Dow Jones Industrial Average has plunged by 12 percent year-to-date, the S&P 500 by 18 percent and the Nasdaq Composite Index by about 28 percent. Meanwhile, the United Kingdom’s FTSE 100 index went up by more than one percent, Spain’s IBEX 35 Index dipped by 0.1 percent and the Nikkei 225 Index lost seven percent. […]
05/26/2022
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By Mary Villareal
US, China heaviest borrowers in first quarter as global debt soars to $305 trillion
The United States and the People’s Republic of China, the world’s two largest economies, are the heaviest borrowers in the first quarter of the year as global debt skyrocketed to $305 trillion. This was according to the Institute of International Finance (IIF). Data shows that China increased its debt by $2.5 trillion in the first quarter, […]
05/25/2022
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By Mary Villareal
Canada’s inflation rate reaches 31-year high; spike in grocery prices highest since 1981
Canadians who are living on government benefits are being forced to live with less as food prices soar. Canada’s inflation rate is at 6.8 percent, the highest in 31 years. Grocery prices rose 10 percent year over year, the highest spike since 1981. Stephen Jones, 56, said that by the end of the month and before […]
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
05/20/2022
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By Mary Villareal
US stocks in trouble: Shares could go nowhere based on long-term valuations
U.S. stocks may be able to bounce back from a dismal start later this year. But beyond that may be a different story. A Natixis survey of individual investors in 24 countries last year showed that U.S. investors had the highest projections in the group at 17.5 percent annual returns going forward. However, the difference […]
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