a recession is definitely a possibility, admits Fed boss

So far, Jerome Powell had always said loud and clear that he could achieve a soft landing for the economy. US Federal Reserve (Fed) Chairman Jerome Powell admitted to Congress on Wednesday that a rapid rise in interest rates could cause a recession even if it is not the desired effect. “It’s definitely a possibilityMr. … Read more

a recession is definitely a possibility, admits Fed boss

So far, Jerome Powell had always said loud and clear that he could achieve a soft landing for the economy. US Federal Reserve (Fed) Chairman Jerome Powell admitted to Congress on Wednesday that a rapid rise in interest rates could cause a recession even if it is not the desired effect. “It’s definitely a possibilityMr. … Read more

Lawsuit claims 258 billion USD from Elon Musk for his support of dogecoin

Complaints from investors who feel cheated by the promises of virtual currencies are currently increasing in the United States. An investor who lost money betting on dogecoin, a cryptocurrency originally parody inflated in particular by the interest of Elon Musk, filed a lawsuit on Thursday claiming $ 258 billion from the multi-billionaire and his companies … Read more

In the United States, the reform of the taxation of multinationals held hostage in Congress

DECRYPTION – The minimum tax of 15% on multinationals represents only a few pages in this indigestible bill with still undetermined contours. Washington Correspondent The approval by both Houses of Congress of the reform of the taxation of multinationals, before the legislative elections in November, is still possible, but increasingly doubtful. The fate of the … Read more

US cosmetics maker Revlon files for bankruptcy

The company is suffering from supply problems but also from the inflation that is rampant in the United States. US nail polish, lipstick and perfume maker Revlon filed for bankruptcy by filing Chapter 11 proceedings to reduce its debt. In a document filed late Wednesday in a New York court, the company said the total … Read more

Fed kicks off meeting, could make biggest rate hike since 1994

The monetary policy committee meeting, which began at 11:00 a.m. on Tuesday, is primarily aimed at finding solutions to runaway inflation in the United States. The monetary committee of the American central bank began its meeting on Tuesday, during which it could, to fight against galloping inflation, raise its key rates by three quarters of … Read more

In the United States, inflation, at 8.6%, worsens further

America is experiencing its most serious price spike in forty years. In May, the price index jumped 1% over one month. The hopes of the most optimistic to see inflation slow in the United States have been dashed. The consumer price index for the month of May reveals, on the contrary, an aggravation of the … Read more

too few insured, pending the 2023 reform

“It’s too expensive», «it doesn’t cover all my losses“: farmers, on the front line in the face of climatic hazards, are still reluctant to insure themselves against the loss of their crops, while new, better adapted systems will come into force at the beginning of 2023. A chopped vine, wheat bent by hailstones of the … Read more

why americans are always buying more guns

DECRYPTION – Despite the repetition of the killings, the Americans continue to arm themselves massively. Each mass killing pours salt into the sore of the still heated debate over gun control in the United States. The death of nineteen children and two teachers by the bullets of an 18-year-old killer in Uvalde, Texas, is yet … Read more

Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more