The Federal Reserve Board has been pretty adamant that it will continue with interest rate hikes until inflation cools to 2 percent, but recent bank failures and other economic turmoil have forced the Fed to at least consider a pause until the turmoil is over. With the collapse of First Republic Bank being the latest…
Brett Arends's ROI: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’
This toxic political standoff could easily go down to the wire, threatening the U.S. with its first-ever technical default, writes Brett Arends.
Yesterday, Karine Jean-Pierre stood at the White House podium and claimed with absolutely zero supporting evidence that thanks to the “MAGA extremists” in Florida, teachers risk losing their licenses if they keep pictures of their spouses on their desks. KJP claims that it’s illegal for gay teachers in Florida to have pictures of their spouses…
Holding a life insurance policy is a key step toward improving your financial health and building generational wealth. It’s something everyone should have, but men still outpace women in terms of purchasing life insurance. Life Insurance Marketing and Research Association (LIMRA) data indicates that while 78% of women consider personal finances very important, only 31%…
The monthly labor reports are out, and it appears that U.S. hiring cooled slightly in March with just 236,000 jobs created. Unemployment fell to 3.5. percent. That cooling comes as the Federal Reserve has aggressively raised interest rates to fight the high inflation plaguing the U.S. economy. That cooling job growth in March takes the…
The Fed risks undermining its own credibility, its political autonomy and America’s crucial role at the center of the global economy. writes Mohamed El-Erian.
China is reporting mixed economic news following last week’s political gathering that saw President Xi Jinping strengthen his grip on nearly all facets of the economy and society. But factory output, long the driver of China’s rapid economic growth, is merely inching along — spraying cold water on increasingly bullish forecasts for the world’s second-largest…
That was Wall Street billionaire investor Carl Icahn, speaking to CNBC’s Closing Bell on Tuesday, in the aftermath of emergency action taken by the government to mitigate the impact of one of the largest bank failures in U.S. history. The co-founder of Icahn Enterprises says that his investment portfolio is set up for more pain in the…
A second bank has been taken over and shut down by the FDIC in less than a week, just days after the collapse of Silicon Valley Bank. Now, regulators have shut down New York’s Signature Bank, which they have cited as having “systemic risk,” forcing them to get involved. In a press release, the Federal…
President Joe Biden’s poll numbers have always sucked, and unfortunately for the mainstream media, there wasn’t a handy way to spin them. There was a bright ray of sunshine, though, back in August, after Biden enjoyed a “string of wins” that he’d convert to momentum for Democrats for the midterm elections. Finally, his approval numbers…
The one-year anniversary of Russia’s “special military operation” in Ukraine is certainly a shock to all participants, most especially Vladimir Putin. It was clear from the start that the Russian president never thought long-term Ukrainian resistance was possible and his internal debate was most likely whether he would be greeted immediately with caviar and champagne…
India is poised to become the world’s most important country in the medium term. It has the world’s largest population (which is still growing), and with a per capita GDP that is just one-quarter that of China’s, its economy has enormous scope for productivity gains. Moreover, India’s military and geopolitical importance will only grow. It…
In a replay of the Obama years, House Republicans are demanding spending cuts to raise the national debt ceiling and President Joe Biden isn’t inclined to negotiate. U.S. Treasury Secretary Janet Yellen is making unnecessary ruminations about a federal default if the limit is not raised. Across cycles of expansion, macroeconomic crises and recession, the national debt grows more rapidly than…
The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. Are Americans experiencing a bit of Diversity, Equity, and Inclusion (DEI) fatigue these days? After several years of cancel culture and “anti-racism” being wielded by the alt-left against nearly every American institution, it seems that at least the…
President Biden delivered a speech in front of an IBEW Union audience in Maryland today, and he brought with him the usual economic gaslighting (we’ll get to the “best communicator” in the White House parts in a minute): BIDEN: “My economy is working!” pic.twitter.com/Kz0H66Kfhw — Townhall.com (@townhallcom) February 15, 2023 Biden sounds like he’s trying…
Joe Biden and Pals have been pretty relentless in informing Americans that we’re actually doing great and that gas prices are lower (they’re not) and that inflation is 0% (it’s not) and that we have more money than before (we don’t). But gaslighting us is a big job, and Team Biden can’t do it alone….
President Biden’s State of the Union speech will take place tomorrow night, and the White House made it clear the president’s been working hard on the speech and it will definitely be all his own (“not a joke”). One thing’s for sure: SOTU viewers are going to hear plenty of economic gaslighting along these lines:…
In the Federal Reserve’s playbook, inflation and the job market are joined at the hip — constantly moving in relationship to each other. In this economic cycle, more and more economists think the relationship has broken down and are worried that the Fed doesn’t seem to think so. “I think the Fed needs to be…
The January jobs report is out and it does have some good news. The jobs numbers are GREAT! Washington Post economic columnist Heather Long took this news to mean the economy is NOT in a recession but many people did not agree with that assessment. JUST IN: The US economy gained an astonishing 517,000 jobs…
The numbers: U.S. productivity rose at a 3% annual clip in the fourth quarter, the government said Thursday. That’s the fastest pace for the year. Economists surveyed by the Wall Street Journal had projected a 2.5% increase. In all of 2022, U.S. productivity declined at a 1.3% rate. That’s the lowest annual rate since 1974….