News From the Control Tower - 6/22/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       When trying to predict inflation in the US, remember the wild cards.

A long reliance on easy money may give rise to new difficulties as the Fed raises interest rates.

2.       Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices.

Retailers are getting ready to cut prices of goods that were popular during the pandemic. Expect ‘discounts like you’ve never seen before.’

3.       Romania Sees an Opening to Become an Energy Power in Europe

The Ukraine war could lead to breakthroughs in nuclear power and natural gas, with Washington’s help.

4.       Meet the Peecyclers. Their Idea to Help Farmers Is No. 1.

A shortage of chemical fertilizer, worsened by the war in Ukraine, has growers desperate. It just so happens that human urine has the very nutrients that crops need.

5.       U.S. banks expect a clean bill of health after Fed's stress tests

Large U.S. banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors.

Bonus: 25 employees suffer burns after hot coal team-building event in Switzerland