Majority of Americans Fear Soaring Inflation Will Impact Spending Power in Retirement: Poll
Majority of Americans aged 45 to 75 are concerned soaring levels of inflation may reduce their spending power when it comes to retirement.
Yield Curve Inversion Reaches New Extremes
A scenario in which short-term yields exceed long-term yields is known as an inverted yield curve and is often seen as a red flag that a recession is looming.
McCarthy Confident He Can Win Enough Votes for Tentative Debt Ceiling Deal
Speaker of the House Kevin McCarthy said he’s confident he can garner the votes for a tentative debt ceiling deal between Republicans and President Joe Biden.
The American People Want to Cut Spending
When polled Americans asked if they want to cut spending to balance the budget and reduce inflation, 78 percent say “yes,” and only 11 percent disagree.
OPEC+ Pledges Major Oil Output Cuts From May to Year’s End
Saudi Arabia and OPEC+ will be cutting their output by about 1.15 million barrels per day (bpd), a move expected to cause an immediate rise in prices.
Federal Reserve Leaves Interest Rates Unchanged But Keeps Open Possibility of Future Hikes
The Federal Reserve left interest rates unchanged at the November Federal Open Market Committee policy meeting, keeping in line with economists' expectations.
Told You So!!! US Debt Interest Bill Rockets Past a Cool $1 Trillion a...
Estimated annualized interest payments on the US government debt pile climbed past $1 trillion at the end of last month, Bloomberg analysis shows.
US Still ‘Careening Towards Bankruptcy’ After Debt Ceiling Deal, Says DeSantis
U.S. will still be “careening towards bankruptcy” after Biden and Kevin McCarthy reached an agreement to raise debt ceiling by $4 trillion, says Gov. Ron DeSantis.
‘Bidenomics’ Is Expansion of Government Intervention in Economy: Researcher
Biden’s economic policy, termed “Bidenomics,” is, in fact, government intervention in the economy reflecting a distrust of markets’ self-regulating abilities.
The Long-Term Decline in Labor Force Participation at the State Level, 1960 to 2023
Labor force participation rate — the share working or looking for work — of U.S.-born men of working-age has declined for 6 decades in nearly every state.
Fed Minutes Show One More Rate Hike, Then Higher Interest Rates for ‘Some Time’
At their latest policy meeting, Federal Reserve officials were leaning towards one more rate hike and then holding rates high for 'some time.'
Government Steps In With Plan to Protect All Deposits at Silicon Valley Bank
Banking regulators announced an emergency measure to fully protect deposits at Silicon Valley Bank, a critical move in averting a panic over the bank’s collapse.
