The president is targeting shipping companies that have jacked up prices during the pandemic, but critics say bigger economic forces are at work.
Tag: Inflation (Economics)
As Fed Prepares to Raise Rates, Global Economy Sinks Deeper Into Turmoil
Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.
IMF Warns Ukraine-Russia War Will Likely Slow Global Growth
The economic fallout from Russia’s invasion will depend on the outcome of the war and the duration of the sanctions.
The Ruble Dropped to Record Levels Against Dollar
The ruble dropped to record lows against the dollar, stirring fears of inflation and bank runs, and the central bank raised a key interest rate sharply.
A Key Inflation Gauge Is Still Rising, and War Could Make It Worse
The Federal Reserve’s preferred measure is at a four-decade high. Rising gas prices tied to Russia’s invasion of Ukraine could push it up further.
Federal Reserve Isn’t Likely to Change Course After Ukraine Invasion
Central bankers are poised to raise interest rates in March. The Russian invasion of Ukraine poses a risk to economic growth but will likely exacerbate inflation.
The US Economy and The Russian-Ukraine Conflict: What Does it Mean?
The Russian attack on Ukraine could push up oil and food prices globally at a time of already-high inflation. In the U.S., it will drive up uncertainty.
How Europeans Are Responding to Exorbitant Gas and Power Bills
High energy prices in Europe are upending people’s lives. While some are installing solar panels, others are stoking their wood-burning stoves.
‘We Have All Gone Into Debt’: Soaring Bills Deepen Crisis for Turks
Hit by spiraling inflation, electricity bills have doubled for households and businesses in only a month.
Food Prices Approach Record Highs, Threatening the World’s Poorest
The prices have climbed to their highest level since 2011, according to a U.N. index. It could cause social unrest “on a widespread scale,” one expert said.