Why this UCI economist says the Fed misread rent inflation – Daily News

Rent hikes soared into the double-digits in mid-2021, but the Federal Reserve didn’t start raising interest rates until a year later. Ed Coulson, director of the Center for Real Estate at UC Irvine, believes the Fed should have acted sooner. And because rent is now leveling off, he thinks the Fed should halt future interest …

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Anti-green backlash hovers over COP climate talks – POLITICO

This article is part of the Road to COP special report, presented by SQM. LONDON — World leaders will touch down in Dubai next week for a climate change conference they’re billing yet again as the final off-ramp before catastrophe. But war, money squabbles and political headaches back home are already crowding the fate of the planet from the …

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Inflation flat from the prior month, core CPI at 2-year low

Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy and giving a potential green light to the Federal Reserve to stop raising interest rates. The consumer price index, which measures a broad basket of commonly used goods and services, …

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IRS Sets 2024 Tax Brackets with Inflation Adjustments

Even though we’re still in the 2023 tax year, you’re probably thinking to yourself, Gosh! I wonder what the tax brackets are for the 2024 tax year? We’ve got you covered — and there’s actually some good news, thanks to inflation. The Internal Revenue Service (IRS) adjusts tax brackets for inflation each year, and because inflation …

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Chinese funds are struggling: Is there hidden value in them?

Geopolitical challenges, volatility, and inflation are all threatening to upset the investors’ applecart. Diversification is key as it helps them protect their returns. For Indian investors, looking at international diversification, investing in China—the largest economy in emerging markets—has been a compelling option. But the recent performance of China-focused funds has done little to instil confidence …

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Investing in the US markets for your child’s education

More than 750,000 students from India went abroad to study in 2022. While loans are an option to fund this education, parents typically end up either partially or fully funding their child’s education. A four-year undergraduate degree today can cost anywhere between ₹80 lakh and ₹2.5 crore, while a two-year master’s degree ranges from ₹50 …

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Fed: Uncertainty, growth risks put Fed on cautious footing in September, minutes show

WASHINGTON: Uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact of labor union strikes, pushed Federal Reserve officials into a cautious stance at their meeting last month as debate proceeded over whether further rises in the central bank’s policy rate would …

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UK consumers hunker down as fuel prices rise

Consumers in Britain held off on much of their non-essential spending last month as rising prices for motor fuel compounded the broader hit from the high cost of living, according to data published on Tuesday. Issued on: 10/10/2023 – 01:24 2 min The British Retail Consortium said total sales at chain stores grew by 2.7% …

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