The Federal Reserve will complete its two-day Federal Open Market Committee (FOMC) policy meeting on Wednesday. With inflation showing signs of cooling down and the economy slowing, will the U.S. central bank keep raising interest rates, or will it pause and pivot? Here is what investors anticipate, according to the CME FedWatch Tool:
Archives for January 2023
Inflation-adjusted Employment Cost Index (ECI) shows negative wage growth again
The Federal Reserve says that labor data will play a key role in its decision to raise interest rates or hit the pause button. Many economists have been concentrating on the latest Employment Cost Index (ECI). The Bureau of Labor Statistics (BLS) reported that the ECI rose 1% in the fourth quarter, down from 1.2% […]
Treasury forecasts debt as a percentage of GDP will soar to 700% by 2090
The Treasury Department has zero faith that the U.S. government will ever resolve its addiction to the national debt. Or does it think that it can just forever monetize the debt? Whatever the case, new projections from the Treasury suggest that the federal debt held by the public as a percentage of GDP will soar […]
Bill Gates: “I had dinner with’ Jeffrey Epstein and ‘that’s all’
Billionaire Bill Gates was once again asked about his relationship with Jeffrey Epstein. Gates seemed rather uncomfortable when asked about it. Here is the exchange from an Australian news program: BILL GATES ON EPSTEIN: “I had dinner with and that’s all” pic.twitter.com/tGxFtaXjM0 — Benny Johnson (@bennyjohnson) January 30, 2023
Federal food stamp benefits – SNAP – being cut in February, will return to pre-pandemic level
Well, that didn’t take long for the U.S. Department of Agriculture (USDA) to reverse course. After it was exposed that the federal government raised federal food stamp benefits to an all-time high last year, the Food and Nutrition Service (FNS) announced that the monthly payments would decrease in February. FNS, which is an arm of […]