Category Archives for "The Economy"

Fed Chair Powell Testifies: Markets React as Rate Hikes Expected to Curb Inflation

On Wednesday, Jerome Powell, the Chair of the Federal Reserve, gave testimony to the House Financial Services Committee concerning lingering anxieties around inflation and recession.[0] He acknowledged that recent data has come in “stronger than expected,” which implies the ultimate level of rates “is likely to be higher than previously anticipated.”[1] This suggests that the […]

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Shortages of Fruit & Vegetables in British Supermarkets: An Update

British supermarkets have been dealing with shortages in their fruit and vegetable aisles since the weekend due to a variety of factors, including transport problems and adverse weather.[0] The UK’s largest supermarkets, Tesco, Aldi, Asda and Morrisons, have imposed limits on certain products, such as tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries.[1] […]

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