MILAN, Italy (Project Syndicate) entCentral banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side…
What can be done to prevent shortages of baby formula, tampons and other consumer products? The US Senate’s Competition Policy, Antitrust, and Consumer Rights Subcommittee held a hearing this week to look at the baby-formula market in the US, and broader issue of supply-chain issues. A national infant formula shortage has forced some desperate parents…
House prices have been ballistic over the last two years, in part due to a big shortage in housing materials. A new report lays out what elements actually go into building a home, highlighting how complicated – and expensive – the process can get. “In the last three years, the cost to build a home…
Read More “The ‘cost to build a home in the US has risen at an unprecedented rate,’ says BofA” »
Stocks turned higher Thursday, shrugging off earlier weakness, after Microsoft Corp. cut its fourth-quarter guidance ahead of the opening bell, citing the toll taken by a surging US dollar. Investors were also digesting comments from several Federal Reserve officials, labor-market data and a decision by OPEC + members to boost daily oil production. How are…
