Fed Boosts Rates by Another 0.75 Percentage Point as Inflation Soars
The Federal Reserve raised interest rates by another 0.75 percentage point on July 27 during the July Federal Open Market Committee (FOMC) policy meeting. This is in line with...
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 Debt Hits A Record $34.001 Trillion
Latest Treasury Daily Statement reflecting US Treasury's financial statements as of Dec 29, 2023, shows total US debt as of year end was over $34 trillion.
What’s Inside McCarthy’s Debt Ceiling Deal With Biden
After months-long standoff, Speaker Kevin McCarthy and President Joe Biden reached a final deal to raise the debt ceiling, which now heads for vote in Congress.
Morgan Stanley Strategist Warns of ‘Vicious’ Bear Market Phase as Bank Turmoil Challenges Investors
Morgan Stanley’s top investment officer warned investors shouldn’t see bailout of Silicon Valley Bank’s uninsured depositors as a reason to get bullish on stocks
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.
Too Much Stimulus Is Key Cause for a Coming Recession, Says Bank of America...
Excessive stimulus spending by governments during the pandemic is a key cause for a coming recession next year, according to a major bank CEO.
Diesel Market to Stay Tight Into Winter: Chevron Chairman
“Markets are tight right now. Diesel, in particular, as we’ve seen here recently and likely to stay that way through the winter, I think,” Michael Wirth said.
What Will You Use as Money If the Dollar Dies?
U.S. dollar could go the way of all paper-currencies given the reckless policies of the past 3 years, we should be surprised that it hasn’t happened yet.
American Drivers Go Deeper Into Debt as Inflation Pushes Car Loans to Record Highs
As vehicle prices rise amid inflationary pressure, Americans buying new cars are taking on higher loans and going deeper into debt.
US Home Prices Continue to Soar, Despite High Mortgage Rates
A new report from Realtor.com indicates that August home prices rose by 0.7 percent, upsetting the previous two months of year-over-year declines.
What’s Next After House Passes Debt Ceiling Deal
U.S. House of Representatives passed bipartisan legislation to suspend the nation’s debt limit through Jan. 1, 2025, despite opposition on both sides of aisle.
