The bureau of labor statistics (BLS) just released the inflation number for January 2023 for the United States.
There is a 0.5% increase from the December number, and inflation sits at still a whooping high of 6.4% over the last 12 months from January 2022.
How does this affect us individuals and the economy as a whole? In their most recent meeting today, the Fed increased the key interest rate… Read More »Fed raises interest rate by 25 basis points
Today’s post focuses on students who want to major in economics and the career options available to them. I feel there are some key considerations… Read More »Economics majors and career options
In 2022, the U.S. stock market experienced what we call in finance a bear market. There was a prolonged drop in stock market prices because of… Read More »What should we do when the stock market falls? Should we panic and start selling?
Do you wonder where to save and invest when the interest rates are still rising? In this post, I list some of the options I… Read More »Saving and investment options in current scenario
The answer to this question is not very easy. I think it depends on a person’s income or wealth level and state of their mind.… Read More »Does more money make people happier?
When the price of something falls people usually demand more of it. This happens because you can now afford to buy more of it and also more people can afford it now. This is called the law of demand. We will also learn the concept of elasticity of demand.
Many factors can influence the currency’s demand and the exchange rate.
What people like you and me think about inflation directly impacts the actual inflation rate. So, if we think inflation will be high in the… Read More »How does people’s expectation about inflation affect the actual inflation?
Who doesn’t like to see some extra money in their savings without having to sacrifice their living standard? Saving is the money left after subtracting… Read More »Some ways to save money and cut expenses
