Economy

Colorado’s new business filings go flat in the second quarter

Colorado’s economy slowed along with the rest of the country in the first half of the year, but it continues to perform better on a variety of measures,  according to the Quarterly Business & Economic Indicators from the Colorado Secretary of State’s Office and the University of Colorado Boulder. Two negative quarters of U.S. GDP […]

Economy

How to recession-proof your life amid economic uncertainty

By ADRIANA MORGA and CORA LEWIS, Associated Press NEW YORK — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Economists are divided over whether a recession is looming. What’s clear is that economic […]

Economy

US economy shrinks for a 2nd quarter, raising recession fear – The Denver Post

By PAUL WISEMAN WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the […]

Economy

Colorado business leaders pessimistic in latest economic outlook

Confidence among Colorado business leaders has plunged, with one in five now saying the U.S. economy has already entered a recession and nearly three in five expecting the downturn to arrive sometime next year, according to the latest Leeds Business Confidence Index from the University of Colorado Boulder. Economic expectations for the third quarter reached […]

Economy

Fed attacks inflation with its largest rate hike since 1994 – The Denver Post

WASHINGTON — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession. The move the Fed announced […]

Economy

EXPLAINER: Just how high is the risk of another recession?

WASHINGTON — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? For now, most […]

Economy

Inflation will peak this year and outpace wage growth, Colorado analysts project

Consumers in Colorado, as around the country and world, are up against steeper increases in the price of goods and services than have been observed since the 1980s, legislative analysts told state lawmakers Thursday. Average consumer prices were 7.9% higher in January of this year than they were in January of 2021, the analysts reported. […]

Economy

A key inflation gauge rose 5.8% in 2021, most in 39 years – The Denver Post

By CHRISTOPHER RUGABER WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods. The report Friday from the Commerce Department also said […]

Economy

Fed doubles taper, signals three 2022 hikes in inflation pivot

WASHINGTON (BLOOMBERG) – Federal Reserve officials intensified their battle against the hottest inflation in a generation by shifting to end their asset-buying programme earlier and signalling they favour raising interest rates in 2022 at a faster pace than economists were expecting. Heralding one of the most hawkish policy pivots in years, the central bank said […]

Economy

New book to mark 20 years of Economist Service highlights work of public sector economists

SINGAPORE – Housing Board flat owners are four times more likely to make partial repayments on the mortgage of their home to reduce the interest they pay if they are made aware of the benefits of doing so. This was the finding of a behavioural study by the Ministry of National Development (MND) and HDB […]