While Federal Reserve policymakers voted on Wednesday to keep rates at near zero, they also pulled forward their expectations for rate hikes, suggesting a mix of optimism about the pace of economic recovery and fear that easy money policies would fan the flames of inflation. The Federal Open Market Committee (FOMC) on Wednesday released updated…
Fed’s Newest ‘Dot Plot’ Shows Growing Appetite for Rate Hikes as Inflation Bites
Fed Faces Jittery Markets Ahead of Key Policy Meeting That Will Consider Stimulus Rollback
September 21, 2021
admin
Business & EconomyEconomieseconomyFederal ReserveInvestmentMarket WatchMarketsstimulustaperUSUS News
0 Comment
Markets remained jittery from China’s Evergrande troubles as investors look to the Federal Reserve’s two-day policy meeting Sept. 21–22 for developments around policymakers’ projections for future rate hikes and the timing and pace of tapering the central bank’s massive bond buying program. Asian stocks struggled to shake off contagion fears on Sept. 21 and selling…
Former Gov. Jerry Brown Criticizes California’s Spending
July 14, 2021
admin
CaliforniaCalifornia comebackGov. Gavin NewsomGov. Jerry BrownhomelessLocal NewsNorthern CaliforniaPoliticsRegional-Local NewsSouthern CaliforniaspendingstimulusUS
0 Comment
Former California Gov. Jerry Brown criticized the state for “spending money wildly” a day before Gov. Gavin Newsom signed a $100 billion California Comeback Plan. “Money doesn’t grow on trees,” Brown said during a July 11 interview with NBC. “Federal government is getting deeply into debt. They’re spending money wildly. The state is now spending money, it’s not sustainable.” He continued,…
California Budgets Record-High $262.6 Billion Spending
July 14, 2021
admin
2021-22 fiscal yearCaliforniahomelessnessNorthern CaliforniaProject HomekeyProject RoomkeySouthern Californiastate budgetstimulus
0 Comment
Commentary California Gov. Gavin Newsom has signed into law the $262.6 billion budget for 2021-2022, which runs from July 1 to June 30, 2022. About $196.4 billion of the spending will be through the state’s general fund; $93.7 billion will be spent on K-12 and community college education under a minimum spending level stipulation in…
Economic Update Predicts Challenges Ahead
June 15, 2021
admin
Christopher SchwartzeconomicseconomyFederal Reservefinancial forecastGDPinterest ratesLocal NewsOrange CountyRegional-Local NewsSouthern CaliforniastimulusUniversity of CaliforniaUS
0 Comment
Despite a solid footing heading into the next economic cycle—low interest rates, a hot housing market, and strong GDP growth— there are some looming signs of a recession on the horizon that shouldn’t be ignored, says a financial expert. “As good as prosperity is now and will be in the near future, there’s 100 percent…
Walmart Earnings Beat Expectation, Raises Outlook
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
Walmart Raises Outlook After Earnings Beat Expectations
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
HomeBuilder Construction Deadline Extended by 12 Months
April 20, 2021
admin
AustraliaAustralian economyaustralian housing marketHomebuilderInternationaljosh frydenbergmichael sukkarstimulusWorld
0 Comment
Existing applicants for HomeBuilder are being given an extra 12 months to commence construction as new home building has reached its highest levels in 21 years. On April 17, Treasurer Josh Frydenberg and Housing Minister Michael Sukkar announced an extension of the construction commencement requirement for the HomeBuilder scheme from six to 18 months, meaning…
Wisconsin Legislators Float Requiring Criminals Use Stimulus to Pay for Crimes
Wisconsin lawmakers are pushing a legislative proposal that would force convicted criminals of using any money they receive from federal stimulus packages to pay for restitution for the crimes they committed. “Any COVID recovery rebates from the federal government received on or after the effective date of this subsection by a person who is incarcerated…
Deep Dive (March 11): Lone Democrat Votes Against Stimulus Bill, Reveals Reason
March 11 marks one year since the World Health Organization (WHO) declared the virus a pandemic and everything changed. To mark the occasion, President Joe Biden is set to give his first prime-time speech tonight. It’s been 50 days since he took office and there have been rising calls about his absence. President Biden just signed…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`