Latin News

Overcast  

Overcast  

Photo: istock By Isaac Cohen* For the first time after a year of hostilities in the Middle East, the price of oil climbed this week to almost $80 per barrel, after falling under $70 throughout the year. This ominous fact, given its inflationary potential, clouded a couple of good economic…
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China stimulates 

China stimulates 

Foto Yahoo By Isaac Cohen*               The Chinese economy has been exhibiting deflationary pressures. at least since the contraction in the real estate sector which started in 2021, together with a consequent increase in household savings. In August, the consumer price index increased by a meager 0.6 percent, from a year…
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New Report Unveils Progress and Persistent Disparities in U.S. Household Wealth Post-Pandemic

New Report Unveils Progress and Persistent Disparities in U.S. Household Wealth Post-Pandemic

Washington, D.C. – The Aspen Institute Financial Security Program (Aspen FSP) has released a new report, The New Wealth Agenda Progress Report, highlighting both progress and ongoing disparities in U.S. household wealth since the pandemic. The report emphasizes that while recent policy responses and economic conditions have driven significant gains, substantial disparities persist,…
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Recalibrating 

Recalibrating 

Photo: UPI.com By Isaac Cohen* US central bank Chairman Jerome Powell described last week’s rebate in the federal funds interest rate, by more than expected, as “an appropriate recalibration” of the monetary policy stance, to maintain the “strength in the labor market.” With inflation approaching the central bank target of…
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Oil prices          

Oil prices          

Photo natoassociation.ca By Isaac Cohen* A fall in oil prices is contributing to decrease inflation, adding justification to the expected rebate this week in interest rates by the US central bank. Last week, West Texas Intermediate oil prices fell below $70 per barrel, a 15 percent decrease since last July.…
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