Helping You Survive and Prosper in the Greater Depression
The Federal Reserve raised the benchmark federal funds rate by 75 basis points following the September Federal Open Market Committee (FOMC) policy meeting. This lifted the target rate to a range of 3% to 3.25%, the highest level since … [Continue reading] about Federal Reserve raises interest rates to highest levels since 2008
Three key developments occurred in the U.S. Treasury market today. First, the two-year yield topped 4% for the first time in more than a decade. The other notable news on Wednesday was that the spread between the two- and ten-year yields … [Continue reading] about 3 key developments in the U.S. Treasury market today
For the first time since gasoline prices peaked at $5.012 in early June, the national average for a gallon of gas rose. According to the American Automobile Association (AAA), the national average pump price climbed by a penny to $3.68 per … [Continue reading] about Pain at the pump again? Gas prices rise for first time in 100 days
Homebuilder sentiment has cratered in the United States amid rising interest rates and a slowing economy. The National Association of Home Builders (NAHB) Housing Market Index weakened to 46 in September, down from 49 in August. This was also … [Continue reading] about U.S. homebuilder sentiment plunges for ninth straight month
President Joe Biden's interview with "60 Minutes" is the gift that keeps on giving. In one part of the interview, he was asked about Asia. Biden confirmed that U.S. Armed Forces would defend Taiwan in the event of a Chinese invasion. He … [Continue reading] about U.S. military would defend Taiwan if China invaded, Joe Biden tells ’60 Minutes’