#Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy

#Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy

“Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy” The Federal Reserve risks causing an economic “depression” if it relies on core inflation readings to determine when it should stop hiking interest rates, Wharton professor Jeremy Siegel warned Thursday. Siegel, who has previously accused the Fed of tanking the economy,…

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#Top economist Mohamed El-Erian says US economy ‘on bumpy journey to better destination’

#Top economist Mohamed El-Erian says US economy ‘on bumpy journey to better destination’

“Top economist Mohamed El-Erian says US economy ‘on bumpy journey to better destination’” Economist Mohamed El-Erian said Sunday that despite the recent market volatility, the US economy is “on a bumpy journey to a better destination” – unless the US Federal Reserve makes another misstep. El-Erian, chief economic advisor at Allianz, appeared on CBS’s “Face the Nation” to…

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#Inflation to curb holiday travel plans

#Inflation to curb holiday travel plans

“Inflation to curb holiday travel plans” Higher costs are already disrupting Americans’ holiday travel plans just 50 days before Thanksgiving.  A new survey by Bankrate found about eight in 10, or 79%, of people polled are changing their plans due to inflation and rising prices. The consumer financial services company said 43% of US adults who answered…

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