Interest Rates

In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.

According to numbers released by the US government, consumer prices have increased by 7.5 percent in the past year, the steepest increase since 1982.

When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.

Biden is in serious trouble.

Americans aren't coming back to work.

Unemployment rising.

The S&P 500 just ended its worst month since March 2020 as investors fret about coming interest rate hikes and uncertainty over the situation in Ukraine.

Prices metric tracked by Federal Reserve rose 5.8% last year, sharpest increase since 1982.

U.S. companies borrowed 3 percent less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic outlook.

The US Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term.