Business

In April 2022, the U.S. economy contracted by 0.9% in the second quarter, marking the second consecutive quarter of negative growth. This economic downturn raised serious concerns among economists, policymakers, and the public, igniting fears of a potential recession. The simultaneous challenges faced within the country and the global economic turmoil signaled that the road

Golden State Review Contributor·April 2, 2022

In March 2022, the Federal Reserve took a decisive step in response to escalating inflation by raising interest rates for the first time in four years. This 0.25 percentage point hike marked the beginning of a series of rate increases aimed at addressing inflation that had reached its highest levels in over 40 years. The

Golden State Review Contributor·March 2, 2022

As 2022 began, the United States found itself grappling with an alarming economic challenge: inflation had surged to a staggering 7.5%, the highest it had been in four decades. This dramatic spike in prices sent shockwaves throughout the economy, impacting virtually every aspect of daily life. American families felt the strain as the costs of

Golden State Review Contributor·January 7, 2022