A cast of hawkish central bankers

At this week’s FOMC meeting, it’s likely Fed governors will hike interest rates. They won’t be alone. The EU raised rates last week and Japan is expected to do the same at its upcoming meeting. These central bankers are all dealing with similar inflationary pressures, and hawkish rate-setters stick together. Also in this episode: The U.S. dollar rises in anticipation of a rate hike, diesel prices break records, the subscription-BNPL-rental economy reduces how much we really own.

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Read the stories in today’s episode:

• Central bankers around the world are looking more hawkish
• The U.S. dollar rises as investors anticipate an interest rate hike
• We don’t own anything anymore
• Diesel fuel hit a record high. Unlike gas, using less of it is not an option
• She built a tiny home in her aging mother’s backyard