Job openings in the United States continued to expand last month, despite efforts by the Federal Reserve to slow the economy down and lower record high inflation with massive interest rate hikes. There were 10.7 million job openings at the end of September, a rise from August’s reading of 10.1 million, according to the Department…
US Job Openings Rise in September as Fed Plans Another Large Rate Hike
November 2, 2022
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‘Calm Before the Storm,’ Says Kaiser CEO, as ‘Increases Are Imminent’ for Health Insurance Premiums
October 31, 2022
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Health insurance premiums, which largely remained unchanged this year compared to 2021, might rise significantly in 2023 due to inflation, according to a survey by the Kaiser Family Foundation (KFF). Annual family premiums for employer-sponsored health insurance are calculated to average $22,463 in 2022, which is just over a 1 percent increase from last year’s…
What Happens Next If GOP Takes the House and Senate?
October 25, 2022
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Record-high inflation, soaring energy and food costs, rising crime rates, an open border with millions of unvetted foreigners spreading across America, and the threat of nuclear war with Russia: These are the costs of President Joe Biden’s policies. Now that voters seem ready to reject the Democrats in mass, what can Republicans do to return…
Fed Playing a ‘Dangerous Game’ That May Lead to ‘Significant Recession’: Invesco Strategist
October 22, 2022
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As the Federal Reserve keeps raising interest rates in its attempt to bring down inflation, it’s running the risk of triggering a considerable economic slowdown, according to Invesco’s chief global market strategist Kristina Hooper. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make…
Inflationary Pressures Leading to ‘Weak Demand,’ Expensive Housing, and Food Insecurities: Fed’s Beige Book
October 20, 2022
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U.S. economic activity was mostly flat, while some regions showed a decline with low spending following interest-rate hikes, said a recent report from the Federal Reserve, indicating an overall pessimistic outlook underlined by weekend demand. “Four districts noted flat activity and two cited declines, with slowing or weak demand attributed to higher interest rates, inflation,…
Inflation ‘Nowcast’ Tracker Suggests Price Pressures Increasing
October 19, 2022
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The trend of high inflation rates over the past few months looks all set to continue through October, according to a recent estimate by the Federal Reserve Bank of Cleveland. October’s Consumer Price Index (CPI), a measure of inflation, is predicted to be up by more than 0.8 percent from September, the Fed’s “Nowcast” inflation…
Biden Official Says Efforts to Fight Inflation Are ‘Working’ Even As Core Inflation Jumps to 40-Year High
October 14, 2022
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U.S. Commerce Secretary Gina Raimondo is insisting that the Biden administration’s efforts to curb rising prices are working despite the fact that core inflation in the country has jumped to its highest level in four decades. Though inflation is “higher than we would like it to be,” the good news is that housing costs and…
Americans’ Spending Expectations Plummet, Fresh Warning Sign for the Economy
October 12, 2022
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Household spending expectations have fallen in the month of August amid elevated inflation rates, signaling potentially bad days ahead for the American economy. “Median household spending growth expectations fell sharply to 6.0 percent from 7.8 percent in August, its steepest one-month decline since the series’ inception in June 2013, and its lowest reading since January…
Inflation Is Eroding American Workers’ Wages: Federal Reserve
October 7, 2022
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Most workers in the United States have seen their wages fall behind inflation in the past year, according to a recent report by the Federal Reserve Bank of Dallas. The Fed calculates that 53.4 percent of the American workforce saw their real wages decline between the second quarter of 2021 and second quarter of 2022,…
UN Agency Wants Inflation to Be Fought With Price Controls, Windfall Taxes, Tighter Regulations
October 4, 2022
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A United Nations agency is blaming rapid interest rate increases and fiscal tightening in advanced economies for global stagnation as well as giving rise to economic volatility in developing countries. “In a decade of ultra-low interest rates, central banks consistently fell short of inflation targets and failed to generate healthier economic growth. Any belief that they…
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