Biden’s Inflation Crisis Was a Competency Crisis Joe Biden’s presidency has always had a whiff of improvisation, a tendency to sidestep reality for the sake of convenience. But rarely was this more evident than in July 2021, when he assured […]
Biden’s Inflation Misstep Was a Warning Sign All Along Read More »
There’s No Reason to Fear a Shutdown The U.S. economy will barely notice if the federal government needs to shut down because funding authorization runs out at 12:01 a.m. on Saturday, December 21. The five-week shutdown that began in late
Shutting Down the Government Costs the Economy Almost Nothing Read More »
The major stock indexes fell sharply on Wednesday after the Federal Reserve cut interest rates by one quarter of a point but officials indicated that they see fewer cuts and more persistent inflation ahead. The Dow Jones Industrial Average fell
Stocks Tank As Fed Sees Fewer Rate Cuts, More Inflation Ahead Read More »
The Federal Reserve announced the third consecutive cut in its interest rate benchmark on Wednesday, a move widely anticipated by investors and financial markets. The Fed cut its benchmark interest rate by a quarter of a percentage point, saying it
Fed Cuts Key Interest Rate By A Quarter Point Read More »
The Fed Has Misread the Economy The Federal Reserve’s insistence that monetary policy is restrictive is looking more and more ridiculous. The “flash” U.S. purchasing managers index (PMI) survey data from S&P Global released Monday indicated that economic output is
The Fed Got the Economy Wrong and Won’t Admit It Read More »
Trump Rings the Bell at the NYSE President-elect Donald Trump rang the opening bell Thursday at the New York Stock Exchange—moments after being named TIME Magazine’s Man of the Year. “This is an honor, a tremendous honor,” Trump said. “Usually,
Most Americans Say the Stock Market Is Important to Them Read More »
The Inflation Trend Is Not Our Friend The Federal Reserve is about to triple down on its September rate cut mistake by reducing its benchmark for a third consecutive time next week. The federal funds futures market currently implies a
Inflation Is Still a Big Problem and the Fed Could Make It Worse Read More »
Prices rose at the fastest pace in four months in November, the second consecutive month of accelerating inflation. The consumer price index rose 2.7 percent from a year earlier, the Department of Labor said Wednesday. Core inflation, a metric that excludes volatile
Inflation Accelerated in November, Rising 2.7% For the Year Read More »
Consumer Sentiment Rises to Highest Level Since April The University of Michigan’s index of consumer sentiment rose in early December to its best reading since April, boosted by more positive views among Republicans and independents following the election of Donald
Consumer Sentiment Surges Despite Democrats Feeling Blue About the Election Read More »
Employers in the United States added 227,000 workers to their payrolls in November, the Department of Labor said Friday, and the unemployment rate edged up to 4.2 percent. Economists had been expecting 215,000 after storms and strikes saw the Labor
U.S. Economy Adds 227,000 Jobs In November Read More »
