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Financial news June 18, 2022

Current Events

US inflation hits 40-year high of 8.6% as food, gas and shelter costs rise

Inflated grocery prices and shrinking package sizes. The cost of food is rising at fastest pace since 1979

Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

S&P 500 tumbles nearly 4% to new low for the year, closes in bear market territory

Global stock markets head for steepest weekly fall since 2020 as recession fears rise – as it happened

World Bank Warns of Global Recession, Stagflation — 'This Is the Sharpest Slowdown in 80 Years'

The World Bank says most countries are headed for a recession, and warns of a possible return to 1970s ‘stagflation’

Bitcoin’s Price Sinks Closer to $20,000 As Crypto Crash Continues.

U.S. gas prices average hits $5 as summer of pain sets in

Mortgage rates surge to 5.78%, highest level since 2008

Here's 18 Signs That The Economic Meltdown We've Been Waiting For Has Already Begun

Posted: 2022-06-18 07:02:43

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