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This commentary was originally published at EconLib here. It is being republished with permission from the author. Americans say the economy is the most important problem facing the country. But major headlines covering the latest jobs report for August do...
Rate Hike Speculation and Recession Concerns for 2024 On Tuesday and Wednesday of this week, the Federal Reserve’s Federal Open Market Committee (FOMC) will meet to discuss the state of the US economy, the ongoing threat of inflation, and possible interest rate...
With the Federal Government’s fiscal year rapidly coming to an end on September 30th, Congress must pass a “continuing resolution,” on spending, or once again face a partial government shutdown. This continuing resolution is essentially a temporary spending bill,...
After months of significant declines in CPI inflation, today the CPI (Consumer Price Index) numbers for August showed a resurgence of inflation in the U.S. In August, the CPI rose by 0.6 percent on a seasonally adjusted basis, marking a notable increase compared to...
The US economy under President Biden continued its mellow pace in August, as Americans continued to strain under the burdens of record inflation, rising interest rates, and economic uncertainty. The U.S. Bureau of Labor Statistics released its raw jobs report...
$33 trillion. Written another way, $33,000,000,000,000. The U.S. National Debt is estimated to surpass $33 trillion in a matter of days. Sadly, milestones like these seem to have become all too regular. Just one year ago I wrote a similar article discussing the somber...