Interest Rates

Chinese Hackers Breached Afghan Telecom Company As US Withdrew

Breach could give China access to 'hugely valuable' user information

His Agenda Unraveling, Biden Begs GOP to ‘Get Out of the Way’

President Joe Biden on Monday told Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit on their own, hoping to keep the U.S. government from coming dangerously close to a credit default as Senate Republican Leader Mitch McConnell refuses to lend his party’s help.

Democrats’ massive spending plans will blow up US budget for generations

“It’s going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week.

The Biggest Federal Reserve Scandal

Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.

Fed signals tapering could begin ‘soon,’ projects interest rate liftoff in 2022

Fed's Powell signaled last month tapering could begin later this year.

Weak Jobs Report Could Cool Fed’s Tapering Plans

Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.

Washington’s 20 Years of Wars on Terror Cost $8 Trillion and 929,000 Lives, New Study Says

A new comprehensive study has shed light on the multi-trillion cost of the US' post-9/11 wars, which have been funded via soaring American debt. The researchers say that no single US government has yet presented the true picture of the toll the wars have taken on the United States.

S&P, Nasdaq rally to records as investors eye Fed’s Jackson Hole event

WTI crude oil snaps 7-day losing streak rising to the $65 per barrel level

Federal Reserve looks to have it both ways in latest statement

The Federal Reserve kept its policy rate unchanged on Wednesday but sharply ramped up its expectations for economic growth — while affirming that it does not plan to raise interest rates until 2023. The central bank also curiously reworded the public statement accompanying its decision.

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