Federal Reserve

Federal Reserve officials voted to leave its benchmark interest rate unchanged at a range of 5.25%-5.50%.

The U.S. budget deficit increased 23 percent to $1.7 trillion, an increase of $320 billion, in the year after the Biden administration pushed through the Inflation Reduction Act which it claimed would close the government’s funding gap.

"I believe Israel would benefit if the US ends all foreign aid, since much of it goes to Israel’s enemies," writes Dr. Paul.

"Hopefully the successful effort to strip Ukraine funding from the CR is the first of many victories by the antiwar fiscal conservatives over the military-industrial complex and its politicians, lobbyists, and propagandists."

Although the United States added 187,000 jobs in August, unemployment increased to 3.8%.

On Thursday, Disney shares took a 3.9% hit.

"Creating a critical mass of people to reject the false promises of the welfare-warfare state is the only way to regain liberty without first suffering political and economic upheaval."

Digging deeper into the data, "core inflation," which excludes the often fluctuating prices of food and energy, rose to an alarming 4.7% for the year.

"As powerful as the intelligence agencies are, there is another secretive government institution that also has great ability to harm, or help, politicians: the Federal Reserve," writes Dr. Paul.

The Federal Reserve approved an interest rate hike that will result in borrowing costs being at a 22-year high.