The Federal Open Market Committee (FOMC) met today to discuss the state of the U.S. economy and monetary policy. According to recent indicators, the U.S. economy is experiencing modest growth in spending and production, while job gains have picked up in recent months...
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The Fed Raises Rates Again
Today, the Federal Open Market Committee released the minutes from their most recent meeting. The most significant news was that they hiked the interest rate by 25 basis points to give us a total federal rate of 4.5% (up from 4.25%). This was a continued effort by the...
Congress “Gifts” U.S. Taxpayers With Less Prosperity Right Before Christmas
While much of the nation is currently engulfed in severe winter weather in the week leading up to Christmas, one that is also likely already marked by much more expensive family gatherings, food, and gifts all due to historic inflation, the U.S. Congress sought fit to...
Updated CPI Numbers Show Inflation Is Sticking Around
On Thursday, new Consumer Price Index (CPI) data was released by the U.S. Bureau of Labor and Statistics, ultimately indicating that the current historic inflation is not going away any time soon and continues to reduce the purchasing power of everyday Americans....
Biden Caught in Another ‘Quid Pro Joe’
Where is the outrage for the many obviously corrupt business and political dealings of Joe Biden? In the last week, the government of Saudi Arabia made public that U.S. President Joe Biden was engaged in yet another quid pro quo—or, as we will now refer to it, a "Quid...
Inflation Increase Is More Than Expected
Consumer Price Index (CPI) data for the month of September was released Thursday morning, and with it came more bad news with regard to our economic outlook. Inflation (year over year) came in at 8.2%. Though this is down from the recent peak at 9% in June, it is...