Economy
Fed sees stronger economy and higher inflation, but no rate hikes
The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest...
Fed sees U.S. economic growth surging to 6.5 percent this year
“The economic fallout has been real and widespread, but with the benefit of perspective, we can say that some...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policy-making meeting on Jan. 27.Text...
National Debt Bomb: Taxpayers Share of US Debt Hits $223,893
Biden's nearly $2 trillion American Rescue Plan was signed into law last week. In reaction to this historic stimulus package,...
Mortgage refinance demand tanks 39% as rates continue to climb
A house's real estate for sale sign shows the home as being "Under Contract" in Washington, DC, November 19, 2020.Saul...
Homebuilder confidence drops as interest rates and lumber prices rise
A contractor works on a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March...
Investors now fear inflation and the Fed more than Covid, Bank of America survey shows
Just over a year since Covid-19 turned the world upside down, investors are starting to get over it.For the first...
Treasury secretary minimizes risk of inflation caused by Covid relief package
Yellen said the greater risk was in not bolstering the economy — saying the federal government needed to assist people...
Federal ‘COVID’ Spending Just Hit $41,870 Per Taxpayer. Did You See That Much in Benefit?
President Biden just signed his sweeping $1.9 trillion spending package into law. Once this bill hits the books, total taxpayer...
Former Stockton Mayor Tubbs joins Newsom as economic adviser
"The governor and I are in agreement that economic gains and opportunity have to be broadly shared," Michael Tubbs said....
Biden’s ‘Morning in America’ moment sparks a furious debate
It could be a Morning in America moment that further turbocharges an economy already primed to pop, reduces economic inequality...
U.S. adds a strong 379,000 jobs in hopeful sign for economy
A year into the pandemic that triggered a violent recession, economists are increasingly optimistic that hiring will pick up in...
Biden’s bubble risk: A reckoning in markets as the economy recovers
The scenarios are hotly debated across Wall Street, and plenty of market professionals fear the market risks are among the...
3 Unintended Consequences of Student Loan ‘Forgiveness’
Given American voters’ penchant for delivering divided government, it might seem strange that Democrats were able to wrest control of...
NY Fed Study Finds Biden-Harris ‘Equity’ Proposal Would Make Racial Inequality Worse
The Biden-Harris administration has made stamping out racial “inequities” the focus of all its policies. But the government interventions proposed...
Why Biden’s New Dawn of Net-Zero Is Looking Like a Dark Day for Labor
Last Labor Day, candidate Joe Biden made an impassioned pitch to leaders and members of the AFL-CIO, America’s largest labor...
Bankrupted by Socialism, Venezuela Cedes Control of Companies
Saddled with hundreds of failed state companies in an economy barreling over a cliff, the Venezuelan government is abandoning socialist...
$15 Minimum Wage Hike: What You Need to Know
Key Takeaways Since President Biden took office, there has been a lot of talk about raising the federal mandated minimum...
Study: Lockdowns Had Largest Impact in Destroying Economic Activity
The world may be nearing the end of the coronavirus pandemic (at least we can hope), but the post mortems...