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Andrew Harnik/AP Photo The Fed is pushing the US into a recession to cool inflation. It might not be necessary. Inflation expectations have been falling since the spring, signaling there's little chance of a 1980s-like price surge. Raising rates out of fear that expectations will rebound is "irresponsible," a former Fed economist said. Depending on who you ask, the US's battle against inflation is either going swimmingly or dragging the economy into a recession. Policymakers at the Federal Reserve have made it clear in recent weeks that they will not stop raising interest rates until inflation returns to its 2% target. The central bank hiked rates again on Wednesday to the highest levels since 2008, extending its aggressive bid to cool price growth. The effort might pull the US into a period of subpar growth and higher unemployment , but letting inflation rage on would bring "far greater pain," Fed Chair Jerome Powell said in a follow-up press c...

The metaverse can be considered any mixed-reality realm that, while rooted in real life, lets participants collaborate and transact in immersive virtual spaces via augmented reality and virtual reality (AR/VR) headsets and controllers. The metaverse has the potential to disrupt everything from business travel and the future of work to gaming, health and fitness, entertainment, marketing, and education. In our report, "The Metaverse," Insider Intelligence analysts break down the past, present, and future of the ethereal concept of the metaverse—and how virtual reality can push the boundaries of the real world. Simply enter your information to get an exclusive preview of "The Metaverse" report and to start receiving our  eMarketer Daily newsletter , which provides data, insights, and perspective on the latest digital marketing and media trends, bolstered by our signature charts. Read the original article on Business Insider from Business Insider https://ift.tt/r...

The 2023 Honda HR-V. Tim Levin/Insider I tested the 2023 Honda HR-V, the newest version of Honda's smallest SUV.  Its stylish looks and roomy interior stand out, but it's slow acceleration is a pain point.  The top-of-the-line HR-V EX-L that Honda lent me came out to $30,590, including a destination fee.  Honda has given its HR-V a radical redesign for the 2023 model year, injecting some extra size and sophistication into its smallest SUV.  But the popular compact SUV segment is more packed than ever. Everybody from Toyota to Hyundai to Chevrolet is vying for the money in your wallet. The second-generation HR-V delivers modern looks and an attractive interior, but its wimpy highway performance drags it down.  Pro: Stylish inside and out The 2023 Honda HR-V. Tim Levin/Insider The new HR-V dumps its predecessor's stubby proportions and quirks in favor of a smooth, modern, and ultimately more high-end look. The 2023 model looks more like a full-g...

Putin plans to draft 300,000 reservists to help fight the war in Ukraine. Russia is expected to close borders to men of military age on September 28. Soldiers who surrender, desert, or refuse to fight can face up to 10 years in prison. Just days after Vladimir Putin announced a partial military mobilization, thousands of Russians are trying to flee the country to avoid fighting against Ukraine. Read the original article on Business Insider from Business Insider https://ift.tt/GkE9Aq6 via IFTTT

UK Chancellor of The Exchequer Kwasi Kwarteng leaves 11 Downing Street holding the government's mini-budget on September 23 in London. Carl Court/Getty Images The UK Chancellor of the Exchequer Kwasi Kwarteng is scheduled to meet with Wall Street execs, Wednesday.  Kwarteng is conducting outreach about the UK's newly announced mini-budget, Bloomberg reported.  The pound dropped to a record low with investors spooked by the plan that includes £45 billion in tax cuts.  The UK's top finance chief, Kwasi Kwarteng, is slated to meet with Wall Street bank representatives on Wednesday as he reaches out to discuss the government's economic growth initiatives that have rocked financial markets, Bloomberg reported Tuesday .  UK Treasury officials will discuss the newly announced growth plans with executives from Bank of America , Citigroup , JPMorgan Chase , and Morgan Stanley , the report said, citing unnamed sources familiar with the situation.  The so-called...

The Ethereum system upgrade known as the Merge was executed about two weeks ago. And while things have been running smoothly, not everyone is impressed by the upgrade. Cardano founder and CEO Charles Hoskinson is among them, telling TechCrunch he didn’t expect Ethereum’s design of Proof-of-Stake (PoS) to be “as rough as it is.” Prior to the Merge, some crypto community members raised concerns about the PoS method, noting it felt more centralized than decentralized given that four major crypto entities control over half of all staked ETH. “About 42% of the blocks after the Merge are held by two actors [Lido and Coinbase] and they’re indefinitely locked in Proof of Stake,” Hoskinson said. Earlier this month, Hoskinson tweeted , “Ethereum is becoming the Hotel California of Crypto.” He said he still holds the view that the second largest cryptocurrency by market cap is like the hotel in the classic Eagles song. “Ethereum has become the Hotel California of cryptocurrency. You can che...

Marriott International Travel, whether for business or leisure, isn't always all it's cracked up to be. Sure, you get to see new places, and often rack up air miles in the process, but it can also mean long airport queues, lonely hotel rooms, and disruption to your carefully honed routine. And for travelers away for five nights or longer, it can be even harder to feel at home. That's where longer-stay hotels can help. Specifically designed to make travelers feel at home when on the go, longer-stay options — such as global leader Residence Inn® by Marriott — bring home comforts to the classic hotel experience, helping you maximise your stay. Residence Inn is ideal for family leisure trips, relocations to a new city, or travelers just wanting more space to spread out. And for business travelers, one-third of global business hotel stays are for five nights or longer; so with more than  875 locations worldwide — including hotels in the UK, Germany, Belgium, and the UAE —...