FED

75% Of Middle-Class Households Say Their Income Is Falling Behind the Cost of Living

The reality of inflation and the specter of a recession appear to be weighing heavily on middle-class households.

Inflation Even Hurts the Penguins

A recent video shows penguins at a Japanese aquarium rejecting the cheap fish the aquarium has substituted for the higher quality fish the penguins are used to receiving.

Tucker Carlson’s Bombshell Claim Biden Was Fed Pills Before Every Public Appearance ‘Like a Small Child’

Fox News host Tucker Carlson asserted Friday that the circumstances surrounding President Joe Biden’s dwindling mental capacity are far worse as the man was “like a small child” on the campaign trail until he was given “pills before every public appearance.”

Bank of America Forecasts a Recession This Year With Economy Shrinking 1.4%

Bank of America has downgraded its expectations for the economy this year to include a “mild recession.”

Americans’ Inflation Forecasts Hit Another Record High

Americans’ short-term inflation expectations continue to rise, according to June survey results released on Monday by the Federal Reserve Bank of New York.

75 Percent of ‘Poorly Targeted’ $800 Billion PPP Money Sent to Unintended Recipients: Study

A multi-billion-dollar pandemic-era stimulus program meant chiefly to help small businesses keep staff on the payroll and hire back laid off employees was poorly...

Breaking: Elon Musk Seeks to Pull Out of Twitter Deal, but the Social Media Giant Will Mount a Legal Challenge

Billionaire business magnate Elon Musk is seeking to pull out of his deal to purchase Twitter, according to a letter to the social media giant from attorney Mike Ringler.

Summers: Risk of Recession in 2022 Is ‘Significantly Higher’ Than It Was Six, Nine Weeks Ago

Larry Summers stated that the risk of a recession this year “are significantly higher than I would have judged six or nine weeks ago.”

New Bill Would Mandate Federal Reserve to Promote ‘Racial and Economic Justice’

A new bill would extend the Federal Reserve’s mandate to promote “racial and economic justice,” prompting concerns as to whether this would lead to discrimination.

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