Elon Musk in His Twitter Urges Fed to Stop Its Jumbo Rate Hikes
World’s richest man Elon Musk thinks the recession will be amplified if the U.S.
Most Federal Reserve Officials Back Slower Rate Rises Going Forward
A “substantial majority” of Federal Reserve officials support slowing down the pace of interest rate rises soon,
Key events this week: U.S. Fed, BoE interest rate decisions; U.S. jobs report, UK PMI, Eurozone inflation and more
The central banks of India, the United Kingdom, and the United States will meet in the upcoming week.
America’s Record Public Debt is About to Hit Recently Upshifted Ceiling
At $31.1 trillion, outstanding public debt is getting closer to the $31.4 trillion debt ceiling Congress imposed until early 2023.
U.S. Job Reports are Key Again to Assess Likelihood of Jumbo Rate Hikes Going Forward
Investors have been focusing on Friday’s jobs report for September for clues as to whether the Fed might keep up its pace of outsize rate hikes in the face of robust wage gains that have been fueling inflation.
No Relief for Bruised Markets as Fed Signals Higher Rates for Longer
A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises faster and higher than many investors were expecting.
Ray Dalio Foresees Persistent Inflation, Higher Rates, Slower Growth
Ray Dalio has little positive to say about what’s happening in the US economy, and what that means for the outlook for equities, given that inflation is running well above what most people and central bankers want.
Student Loan Forgiveness in Hands of "Understaffed and Overcommitted" Agency
The implementation of President Biden's widespread, income-targeted student loan forgiveness is shaping up to be a bureaucratic challenge for the U.S. Department of Education.
Fed Minutes Show More Rate Hikes Coming, but Pace Could Slow
According to the minutes of their July 26-27 policy meeting
Here's What Federal Reserve's Back-to-Back 75-basis point Interest Rate Hikes Mean in Practice
As we know, The Federal Reserve raised yesterday
Mortgage Demand Drops to 22-year Low as Higher Interest Rates and Inflation Crush Homebuyers
Surging inflation and interest rates are hammering American consumers and weighing on the housing market.
Inflation Spiked 9.1% In June – Hitting New 40-Year High As Price Surge Fuels Recession Fears
Overall prices rose 1.3% from May – surpassing the 1.1% economists were expecting and much higher than the previous month’s increase of 1%, according to data released by the Labor Department on Wednesday.
Fed Minutes Show Appetite For More Rate Hikes to Fight 'Entrenched' Inflation
The Federal Reserve was worried that inflation may become so entrenched in the U.S. economy that the public would question its resolve to fight it,
Can Higher Interest Rates Be Good for Consumers?
The Federal Reserve's strongest weapon in its fight against skyrocketing inflation is raising interest rates.