Here are 3 ways retirees may face higher prices amid rising inflation

MoMo Productions | Digital Vision | Getty Images Americans are spending hundreds of dollars more each month due to inflation. For those in their prime, this could mean trying to stretch an already tight retirement income. Consumer prices jumped 8.5% in March from a year ago, according to the US Department of Labor. This includes … Read more

Explained: Why Indian markets crashed and what’s likely to happen next

The Sensex reference to BSE Suddenly falls of 1,280 points or 2.2% in the first hours of trading on Monday, under pressure from lingering global inflation concerns, expectations of an acceleration in the pace of rate hikes by the US Federal Reserve and worries regarding the weakness of the Chinese economy, alongside the rise of … Read more

US industrial production up sharply in March

Numbers: Industrial production jumped 0.9% in March, the Federal Reserve reported on Friday. The gain was well above Wall Street expectations of a 0.4% gain, according to a Wall Street Journal survey. Additionally, February’s gain has been revised up to 0.9% from the initial estimate of a 0.5% increase. For the first quarter as a … Read more

Recession ‘likeliest outcome’ for US economy, says Larry Summers

Former Treasury Secretary Larry Summers, whose non-consensus views on the risks of lingering inflation have come to fruition, reiterates his worries about a potential US slowdown: He now says a recession is “the likeliest thing “in part because the Federal Reserve “is going to have to continue [in its effort to subdue inflation] until we … Read more