Still, climbing yields in the U.S. and abroad sent prices for older bonds already in investors’ portfolios sharply lower. The rout in bonds was particularly painful for fixed-income investors.
Cryptocurrency investors weren’t spared either. Bitcoin shed more than half its value and a number of high-flying companies wound up in bankruptcy court.Inflation was the dominant global economic theme this year. Gasoline prices in the U.S. reached $5 a gallon. Companies either raised prices, orin each package. Europe feared running short of natural gas and prices there rose more than in the U.S.
Central banks’ response to inflation overshadowed financial markets in 2022 and could very well do so again next year. As the year began, officials at the Federal Reserve had accepted that inflation was not a temporary phenomenon. Russia’s invasion of Ukraine only made things worse by sending energy and food prices soaring.Still, it wasn’t until March, when the U.S. government said inflation had approached 8%, that the Fed acted — too little, too late for some pundits and economists.
Inflation in the U.S. appears to have peaked at 9.1% in June. By year-end, there were hopeful signs as prices for goods fell and rents started declining. But tough inflation talk from the Fed at its last meeting of the year took the steam out of what had been a fourth-quarter rally for stocks.
but record profits for alot of large company's. how is that possible? almost as if they were stealing it from the consumers
Really?
They should have bought and converted most of their portfolios into precious metals like us smart(er) investors. In 2020 and during the start of the pandemic silver, gold and all preciousmetal prices dropped significantly low. That would have been the time buy and convert.
They should have bought more and converted most of their portfolios into precious metals like smart investors. Silver and gold dropped significantly low so that would have been the time to convert.
People who live on a paycheck don’t give a fuck…
lmao 'inflation' you mean corporate price gouging to maximize profits
The money printing and the government spending are the root causes of inflation
Why don't the 'investors' just carry their money away on the wings of a soaring eagle (a dinghy across the Bering works 2 tho). Just kidding! & they can sit on all of the American dollars in existence in Siberia! The rest of us will follow the truly Golden Rule God bless us all
Bidens Economy
CD rates went up though
More AMERICANS need to be buying American land. We need to ban the sales of American farmland to China. Especially now that China and Russia seem to becoming such good pals, it’s time to make sure we have American farmland owned and operated by AMERICANS. No farms no food. Think.
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Source: Variety - 🏆 108. / 63 Read more »