The Federal Reserve left interest rates unchanged at the final FOMC policy meeting of 2023. But the central bank signaled that it will begin slashing interest rates next year. Here is a breakdown of the Summary of Economic Projections (SEP):
MSNBC: Donald Trump will shoot White House visitors
If you thought the media’s 2015-2020 coverage of Donald Trump was horrendous, you need to be watching MSNBC and CNN these days. Well, if you haven’t then Grabien’s Tom Elliott has. And, boy, the stuff these talking heads are saying is incredible. The most fascinating expectation was that the former president, if elected in 2024, […]
U.S. government posts $314 billion budget deficit in November
Well, it did not take long for the U.S. government to record a massive budget shortfall in the fiscal year 2024. In November, Washington posted a larger-than-expected $314 billion budget deficit, led by a 17 percent increase in spending. In the first two months of FY 2024, the federal deficit is $381 billion. Here is […]
Sad! Most Republicans support price controls, new poll finds
Ouch. A new CBS News-YouGov poll found that most Americans support the government setting price controls to control inflation. Here is a breakdown of the parties: Democrats: 80 percent Independents: 62 percent Republicans: 56 percent While this is not surprising among Democrats, you would think that Republicans should know better since it is supposed to be […]
U.S. inflation expectations continue to slow heading into 2024
The Federal Reserve Bank of New York (FRBNY) released the results of its November Survey of Consumer Expectations (SCE). U.S. households expect inflation to continue easing heading into 2024, with one-year-ahead expectations coming in at 3.4 percent. It was a boring read as much of the data was unchanged from the previous month. That said, […]