Money & The Economy
News on Finance, Money, markets and the economy
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Biden’s Proposed 2024 Budget Will Lead to Severe Stagflation
President Biden has proposed a budget for fiscal 2024 that increases government spending by 10% while raising $5 trillion in…
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Biden bureaucrats may exacerbate supply chain woes
For the past several years the broken supply chain has been foremost on the minds of American voters. As an…
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DUH: Investors More Likely to View Female Execs as ‘Tokens’ When Companies Use Gender Quotas
The University of Nevada, Reno (UNR) College of Business researchers found that women are viewed more as “tokens” in the…
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JetBlue Hit With DOJ Antitrust Lawsuit Over Spirit Airlines Merger
The Department of Justice (DOJ) filed an antitrust lawsuit against JetBlue on Tuesday to prevent a planned merger with Spirit…
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Jerome Powell Says Fed Is Ready To Hike Interest Rates Quicker Than Anticipated
Federal Reserve Chair Jerome Powell said during testimony to the Senate Banking Committee Tuesday that, due to an unexpectedly strong…
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Home Sellers Retreat From the Market, Increasing Shortages and Buoying Home Prices
Collateral Analytics data from Black Knight showed January marking the fourth consecutive month of declines in for-sale inventory on a…
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February Housing Report: More Choices for Buyers as Inventory Recovery Continues at Breakneck Speed
In February, active inventory rose 68% above a year ago; Austin, Las Vegas and San Antonio are first markets to recover pandemic inventory shortages and…
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American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market
Surging mortgage rates pushed home buyers out of the market and sent volume for new applications plummeting to a 28-year-low…
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Wall Street Investors Are Snatching Up Single-Family Homes And Taking Over The Rental Market
Institutional investors, such as banks and large real estate firms, are on track to own 40% of single-family rentals in…
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Fed’s Favorite Inflation Index Blew Past Expectations In January
The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures (PCE) price index, surged past economists’ expectations in January,…
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Why a Big Tax Refund Shouldn’t Excite You
It’s the dreaded season once again. About this time of year, I usually write something about taxes. What can I…
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Consumer Prices Rose 0.5% in January. Fed Must Get More Aggressive
The Bureau of Labor Statistics just released the Consumer Price Index for the month of January. The CPI rose 0.5% while the…
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Inflation Stays Hot In January, Surging Past Expectations
Inflation accelerated on a monthly basis in January, surging past investor expectations as prices continue to climb, according to the…
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POLL: Americans Haven’t Been This Down On Their Personal Finances Since The Great Recession
Half of Americans say they are financially worse off now than a year ago, one of the few times 50%…
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US Notches Record Trade Deficit In 2022 — Thanks Partly To China
The U.S. trade deficit increased to its highest recorded level in 2022, thanks in part to a surging trade deficit…
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