The relationship between inflation and labor, as well as other resource markets, has broken down and could be problematic if the Federal Reserve cannot bring inflation closer to a 2% target, said Fed Governor Lael Brainard. Eventually, Americans could lose faith that inflation will ever meet the target, she said.
Emerging markets are receiving the lowest foreign direct investment in 20 years, with little hope of improvement amid US-Chinese trade tensions, according to a report by the Institute of International Finance. Low interest rates have sent a "wall of money" to emerging markets during the past decade "so that there is now a positioning overhang," the report notes.
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Have you ever been stumped by an unexpected question, only to think of a good answer too late? Timely responses require quick thinking, and Stephanie Vozza offers five tips on how to develop mental agility.
The Nepalese and Tibetan base camps on Mount Everest are located about 17,500 feet up, which leaves a relatively short trip to the peak and is at the highest elevation that's still safe for humans to linger at. The sheer number of people assembling every year requires the supplies, logistics and planning of a small city, writes Freddie Wilkinson.