An economic expert has warned that the U.S. may be nearing an era with high inflation rates. Capital Economics Chief Market Economist John Higgins claims that inflation will remain “significantly higher on average” over the next decade. His forecast comes amid different economic issues plaguing various parts of the world that threaten to increase prices. […]
A new proposal by the Biden administration aimed at curbing tax evasion is drawing strong opposition from the banking world. The proposal is part of the $3.5 trillion reconciliation package that is currently being considered by Congress and would require financial institutions such as banks to report any deposits and withdrawals that total more than […]