Markets fall as retailers ring alarm over US economy:US shares have seen their biggest one-day drop since 2020, after downbeat reports from some of America’s biggest retailers added to fears rising prices will send the economy into slowdown. #accelerationism

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Why US gas prices are at a record and why they’ll stay high for a long time: The concerns about disrupting global markets led western nations to initially exempt Russian oil and natural gas from the sanctions they put in place to protest the invasion. Gas prices have shot up at the fastest pace since the aftermath of Hurricane Katrina in 2005. The weekly average price is now $4.10 a gallon, nearing the record high of $4.11 reached in 2008. #accelerationism

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Don’t expect the Fed to slow rate hikes just because of the midterms:The Federal Reserve is going to raise interest rates at its next meeting on March 16 to try to put a lid on inflation. That much we know. The only question is whether the Fed will boost rates by a quarter of a percentage point or a half-point. #accelerationism

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Prices may be rising, but Americans shopped more than expected in January: US retail sales rose by 3.8% in January from the month prior, adjusted for seasonal swings — more than the 2% increase economists had predicted. That puts the sales total at $649.8 billion for the first month of 2022, the Census Bureau reported Wednesday. #accelerationism

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Fed signals interest rate hike could come ‘soon’ as inflation rages: The Federal Reserve on Wednesday signaled it could “soon” raise interest rates for the first time in three years, paving the way for a March liftoff as policymakers seek to keep prices under control and combat the hottest inflation in nearly four decades. #accelerationism

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If prices keep rising, a nightmare scenario for the US economy is a real possibility: There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as the economy slows. #accelerationism

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Due to increased restrictions on immigration and travel, which began with the COVID-19 pandemic in the early months of 2020, the net inflow of immigrants into the United States has essentially halted for almost two years. By the end of 2021 there were about 2 million fewer working-age immigrants living in the United States than there would have been if the pre-2020 immigration trend had continued unchanged. #accelerationism

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