Federal Reserve Chair Jerome Powell will hold his post-Federal Open Market Committee (FOMC) meeting press conference. You can watch below: https://www.youtube.com/watch?v=wm4McpKTA7Y … [Continue reading] about WATCH: Post-FOMC press conference
Atlanta Fed’s GDPNow model slashed to 1.2% for fourth quarter
Is the party over? Just before the Federal Reserve announced its decision to cut interest rates, the Atlanta Fed Bank updated its GDPNow Model estimate for the fourth quarter. The Atlanta Fed Bank is penciling in 1.2 percent growth, down from … [Continue reading] about Atlanta Fed’s GDPNow model slashed to 1.2% for fourth quarter
Bidenomics: From GDP to jobs, U.S. government is driving the economy
Is the U.S. government propping up the national economy? After the gangbusters third-quarter gross domestic product (GDP) print, the business media went into full hype mode, talking about how great the economy is doing. On the surface, a 4.9 … [Continue reading] about Bidenomics: From GDP to jobs, U.S. government is driving the economy
UAW reaches tentative deal with Ford
The United Auto Workers (UAW) union announced that it reached a tentative agreement with Ford. Union workers will receive a 25 percent across-the-board pay increase, down from the initial demand of 41 percent. Ford also conceded to COLA, the … [Continue reading] about UAW reaches tentative deal with Ford
U.S. dollar purchasing power lost 20% since before the pandemic
It is widely known that Americans' purchasing power has vanished over the last 100 years. But the last few years make the time before the coronavirus pandemic seem like a period of fiscal responsibility. Here is Federal Reserve data showing … [Continue reading] about U.S. dollar purchasing power lost 20% since before the pandemic