In a predictable move, the Federal Reserve rate meeting resulted in its benchmark interest rate being held steady at a range of 4.25-4.5%. A cut was not in the forecast as the current inflation rate continues to run above target. With inflation only slightly above its...
For the first time since May 2020, the consumer-price index (CPI) recorded a month-over-month decline, dropping 0.1% within the month of March, as reported by the U.S. Labor Department. The dip wasn’t anticipated and caught economists off guard, as forecasts had...
According to the most recent University of Michigan Consumer Sentiment Survey, consumers are showing more economic and financial uncertainty. The final report showed the index dropping to 57 – its lowest since 2022. That’s a large drop from February’s 64.7...
Over the past four years or so, we’ve seen individuals and industries across various sectors struggle with significant financial difficulties due to inflation and other factors. If we look back to when the brunt of it started, which was when the pandemic hit,...
You’ve heard me touch on the enormous amount of money the government has been spending over the past four years, shelling out billions like there’s no tomorrow – funding overseas wars and non-citizens who have set up camp in our country, and so on. Well,...
If you’ve been following the mainstream media recently, you’re aware of the narrative they’re pushing that claims the U.S. economy is strong and things are looking up. Meanwhile, the Federal Reserve Bank of New York reports that U.S. citizens’...
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