U.S. Economy

Federal Reserve May Raise Interest Rate by 75 Points, Says Official

The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away.

U.S. Wages Crash by Almost 3%

Americans’ wages have dropped by almost 3 percent under President Joe Biden’s high migration, big-spending policies, according to data presented by one of President Barack Obama’s top economists.

Good Luck Buying That House

Oh, you want to buy a house? The bad news is that right now, you would pay a historically high price for a home, and as of today, you’d also hand over more money in interest for the privilege to do so — a whopping 5 percent, on average.

Fed Rate Hikes Could Cause Bankruptcies To Bloom In Private Equity Portfolios

The Federal Reserve approved the first interest rate hike in the U.S. since 2018 this month, and several more increases seem likely in the months to come.

Voices From the Right Break With GOP on Ukraine

Some U.S. conservatives in Congress and elsewhere resist support for the embattled nation

Investors Now Expect Fed to Raise Rates Faster Than It Has in a Generation

Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.

U.S., Mexico Prepare for New Migrant Wave as Inflation Surges

Officials from the administrations of presidents Joe Biden and Andres Manuel Lopez Obrador in recent days discussed their concern about the impact that rising food and energy prices will have on the region

Fed Raises Interest Rates for First Time in 3 Years, Projects 6 More Hikes as Inflation Soars

Federal Reserve increases key benchmark rate by 25-basis points

Biden Did Not Mention World Economic Forum’s ‘Build Back Better’ Slogan in His SOTU Address

BBB slogan Biden campaigned on missing from State of the Union speech.

Another Obama Economist Joins Public Chorus of Voices Disparaging Biden’s Handling of Inflation

Former Treasury official Steven Rattner writes in the NYT that the president is being "disingenuous" in his approach to U.S. economic issues.

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