Monthly Archives: September 2022

Wharton professor Jeremy Siegel says the Fed’s rate hike campaign is so extreme that recession risk is much higher than risk of the central bank ‘waffling’ on inflation

Steve Marcus/Reuters The Fed runs a higher risk of sparking a recession than falling behind on inflation, according to Jeremy Siegel. Markets are now expecting a fed-funds rate of 4.75% in May of next year. That could be overkill, as inflation will continue to fall, Siegel warned. The debate over whether the Federal Reserve will…

Some men in white-collar jobs like banking and IT won’t be drafted to fight in Ukraine, Russia’s defense ministry says

Russian soldiers in St. Petersburg on August 25, 2022. Photo by OLGA MALTSEVA/AFP via Getty Images After Russian President Vladimir Putin announced a “partial mobilization” into Ukraine, some men are fleeing to avoid the draft. Some companies in Russia objected to the draft, saying it could hurt how they do business. The Russian Ministry of…

A look at Giorgia Meloni’s ascent to power as a far-right leader set to become Italy’s next prime minister

Far-Right party Brothers of Italy’s leader Giorgia Meloni shows a placard reading in Italian “Thank you Italy” at her party’s electoral headquarters in Rome, early Monday, Sept. 26, 2022. AP Photo/Gregorio Borgia Far-right politician Giorgia Meloni is poised to become Italy’s first woman prime minister. Her ultra-conservative party garnered the most votes in the country’s…

The highest savings account rates today: High-yield savings accounts paying up to 2.75% APY

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. If you’re searching for a place to save money for short-term goals,…