Economic and Economic Indicators

I thought you paid too much to heat your house last year? Wait until this winter | CNN Business

New York CNN Business – After noticing high electric bills earlier this year, Jason Bell chose to pursue a budget plan so he could spread the cost over 12 months. He and his wife, Shane, thought it would help them get through the coming winter as their home in Lake Harmony, Pennsylvania, is heated by …

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Fed again advances interest rate hike by three-quarters of a straight point | CNN Business

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a third consecutive hike of 75 basis points in a strong move to tackle the severe inflation plaguing the US economy. The massive rally, which could not be understood by markets just months ago, is taking the central bank’s benchmark lending …

Fed again advances interest rate hike by three-quarters of a straight point | CNN Business Read More »

Germany nationalizes the largest importer of natural gas | CNN Business

Berlin / London CNN Business – Germany is nationalizing Uniper, the largest importer of natural gas, as part of an 8 billion euro ($7.9 billion) plan to prevent energy shortages this winter. Europe has been affected by the high prices of natural gas and electricity as a result of the Russian invasion of Ukraine and …

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