Money & The Economy
News on Finance, Money, markets and the economy
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Fed Holds Rates Steady As Americans Continue To Be Crushed By High Interest Rates
The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate despite recent changes in…
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Homeownership Costs Have Exploded Since Start Of Pandemic As Inflation Drags On
Homeownership costs have surged since pandemic lockdowns began four years ago due to inflation, soaring insurance premiums and rising utility…
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Biden Admin Quietly Injecting Radical Policies Into Housing Market — And It Might Bring The Whole System Down
The Biden administration has pushed for easier home financing for higher-risk borrowers amid surging housing costs, increasing the risk of…
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Jobs May Be Up, But the US Economy Is Slowing
The Bureau of Labor Statistics (BLS) just announced that the U.S. economy added a whopping 272,000 jobs in May. That is much…
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American-Born Workers Are Getting Killed In Biden’s Economy. Here’s Why
Native-born American workers are taking a beating in the job market from gains by foreign-born workers, according to the data…
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Unemployment Ticks Up As Job Growth Beats Expectations
The U.S. added 272,000 nonfarm payroll jobs in May as the unemployment rate ticked up to 4.0%, according to the…
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Financial Regulator’s Report Could Be Massive Red Flag For Banking Industry
The government body in charge of ensuring the health of the banking industry increased the number of banks it considers…
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Inflation-Pinched Americans Will Pay More To Keep Cool This Summer, Report Projects
Ratepayers across the U.S. could see considerable increases in their utility bills this summer as the economy continues to struggle,…
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Biden’s Economy Poised For Even More Disappointing Growth, Fed Estimate Shows
Projections of U.S. economic growth in the second quarter have declined rapidly over the past month in a worrying sign…
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It’s time to lower the capital gains tax rate.
In 1996, President Clinton was faced with the typical economic dilemma. The economy was growing too slowly. The recession in…
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America’s Astronomical Home Prices Could Get Even Worse If Biden Gets His Way, Experts Say
President Joe Biden’s latest policy proposals could jack up home prices even higher following high inflation and excessive government spending,…
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There’s An Overlooked Way Biden’s Economy Is Taking An Axe To Americans’ Retirement Accounts
Government pensions that invested in commercial real estate are being hit hard by the ongoing crisis in the sector, which…
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US’ Economic Growth In First Quarter Was Even Worse Than Previously Thought
The U.S. economy grew less than previously thought in the first quarter of 2024 amid a slowdown in consumer spending,…
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High minimum wages are destroying the popularly priced food industry
In 2012, the “Fight for $15” movement started. The goal was to raise the minimum wage to $15 dollars per…
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Luxury Electric Vehicle Maker Becomes Latest In Industry To Announce Huge Layoffs
Electric vehicle (EV) maker Lucid Motors announced that the company would be laying off staff in a bid to lower…
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