According to Federal Reserve Chair Jerome Powell, the optimal solution to address the cost-of-living challenges faced by Americans is to implement larger wage increases for workers. The proposed solution appears to be flawed as well. The US job market has Read More …
The economy can be distilled into a straightforward formula: income less expenditures. When it appears that our incomes are increasing at a rate that outpaces prices, the economy is demonstrating positive health. When they are not functioning properly, the situation Read More …
The most recent official inflation data released prior to the Federal Reserve’s upcoming policymaking meeting was a report delayed by the shutdown, indicating that the rate of price increases persisted in September while consumer spending declined following a summer surge. Read More …
Americans, frustrated by prolonged inflationary pressures, are entering the 2025 holiday shopping season with a combative mindset. However, this holiday shopping season may appear significantly more robust than one might anticipate – at least in theory. High-income consumers continue to Read More …
As we commenced this week, the prevailing sentiment regarding the American economy was predominantly pessimistic. However, following what seemed, at least superficially, to be a robust jobs report and impressive earnings from Nvidia and Walmart – all occurring within approximately Read More …
Federal Reserve policymakers find themselves divided on the question of whether to persist with interest rate cuts, marking a departure from the consensus that has characterized Chair Jerome Powell’s tenure at the helm of the central bank. The Federal Reserve’s Read More …
Persistent inflation remains a significant burden on the cost of living for numerous Americans. A variety of innovative solutions have surfaced — yet they share a common thread: increasing consumer indebtedness. This week’s proposal for a 50-year mortgage from the Read More …
“We have no inflation,” President Donald Trump stated during interview on Sunday evening. “Our groceries have decreased.” With those two erroneous assertions, Trump is echoing a political misstep that plagued his predecessor, former President Joe Biden, and played a role Read More …
The ongoing federal government shutdown has persisted throughout the month and is poised to set a new record for duration. While historical trends indicate that the economy usually recovers from a shutdown within a few months, the prolonged duration increases Read More …