(Natural News) Wells Fargo CEO Charles Scharf warned that America’s economy is not prepared to deal with the Federal Reserve’s interest rate hikes. Scharf gave this warning during an interview on CNBC. It follows the Fed’s announcement that it will try to rein in out-of-control inflation with more rate hikes. Fed Chair Jerome Powell claimed this is […]

(Natural News) Data from the recent Barclays research revealed that more Americans are beginning to resist spending on services, such as eating at restaurants and booking flights and accommodations. “All through 2022, the narrative has been that as [Wuhan coronavirus] COVID-19 faded, households would ramp up spending on services. This indeed has been true for […]

(Natural News) Some $550 billion in market value was wiped out from consumer stocks over a five-day stretch last week, increasing the downward pressure on a market already stressed by fear of inflation and soaring interest rates. “It has been an absolute bloodbath for retail. To a certain extent, I think that’s the rebalancing of […]

(Natural News) The worst inflation in four decades has spurred the Federal Reserve to start a series of interest rate hikes. It’s not going to work. The plain truth is that the Federal Reserve doesn’t know how to battle inflation and America is about to suffer the consequences. With prices soaring at a pace not seen since the […]

(Natural News) Many countries in the world were affected by the coronavirus pandemic in more ways than one – India being one of them. With tough times ahead due to an economic downturn, Indians are pawning family gold for some much-needed quick cash. Delhi resident Jasmine Nair had to sell her family gold in July after […]