inflation – Page 52 – One America News Network

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. - Trading on Wall Street was halted immediately after the opening bell Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.Just after the opening bell, the S&P 500 was at 2,490.47, a drop of 8.1 percent and beyond the seven percent loss that automatically triggers a 15-minute trading halt. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

GDP Revised Down And Economic Challenges Persist: Insights From EGIS Financial CEO

GDP Slows at 2.1%: U.S. Economy Shows Contraction from Initial 2.4% Estimate. Household and Credit Card Debt Peaks; U.S. Credit Rating Downgraded.

APTOPIX Argentina Security Police guard a supermarket after reports that looters tried to break into the store in Bariloche, Argentina, Wednesday, Aug. 23, 2023. (AP Photo/Natacha Pisarenko)

Argentina Lootings And Violence Prompted By Fear Of Coming October Elections

Concerns about growing violence in Argentina is now rising as authorities have reported a large number of recent arrests regarding lootings of a number of stores and supermarkets ahead of October presidential elections.

US Mortgage Rate Climbs to 7.16%, Could Hit 8%, Mark Not Seen Since 2000

The U.S. mortgage rate rose to the highest mark in over 20 years. According to Mortgage Bankers Association, the 30-year mortgage rate rose to 7.16% last week, which matches the highest since 2001.

ARGENTINA-ELECTION-PRIMARY-CANDIDATE-MILEI Argentine congressman and presidential pre-candidate for La Libertad Avanza Alliance Javier Milei delivers a speech during the closing of his campaign for the August 13 primary elections, at the Movistar Arena in Buenos Aires on August 7, 2023. Argentina holds primary elections on August 13 and the first round of the presidential vote on October 22. (Photo by Luis ROBAYO / AFP) (Photo by LUIS ROBAYO/AFP via Getty Images)

Argentina Devalues Peso, Raising Rates After Primary Elections

In response to pressure on Argentina’s financial markets following a primary election, the Argentinian government decreased the value of its currency by nearly 18%.