Commentary A new Congressional report (pdf) reveals that U.S. economic officials have pursued money and positions from China as part of programs that sought “malicious, undisclosed, and illegal transfers of information that seek to undermine the United States.” The 40-page Senate report, based in part on an internal investigation by the U.S. Federal Reserve System…
Fed Under Attack by CCP Foreign Ops; 6 Million Barrels of Strategic Reserve Oil Sold to China
July 28, 2022
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China is attacking the United States on all fronts. This week, warnings come about the threat from China in agriculture, while top Republicans sound the alarm on China’s infiltration into the Federal Reserve—and not to mention the role TikTok plays in spying on Americans. We discuss how China has been attacking us. Plus, I speak…
Federal Reserve Expected to Raise Rates Again; Food Banks Struggle to Meet Demand | NTD News Today
The Federal Reserve, preparing to raise interest rates again. Analysts expect it’ll be the same as last time, which was the biggest rate hike in nearly 30 years. Allegations of inhumane living conditions in some federal prisons. The federal prisons director tells Senators what he’s planning to do about the alleged rape, malnutrition, and more….
China Buys American Land Near Military Base
The Chinese Communist Party is buying up farmland in North Dakota. But there’s a problem: the land is near a military base. And lawmakers are voicing concerns. Huawei is reportedly caught sniffing around U.S. nuclear sites. The Chinese telecom giant has been installing its gear close to the facilities. With it, the FBI says the…
The Housing Market in July
Commentary Housing markets in Canada are really upside down. Recently, Canada’s aggregate housing price index suffered the biggest decline in nearly 20 years. On July 6, CBC News—the Canadian public broadcaster—reported, “The Toronto Regional Real Estate Board (TRREB) said 6,474 homes were sold in the Greater Toronto Area last month, down by 41 percent compared…
Fed’s Barkin Says ‘Definitely’ Sees Signs Economy Is Softening
CHARLOTTE, N.C.—The U.S. economy is slowing as consumers are buffeted by inflation and pandemic-driven demand for goods returns to more normal levels, Richmond Federal Reserve president Thomas Barkin said on Tuesday. “I definitely see signs of softening,” Barkin said, with the evidence “most pronounced in lower income households” and in parts of the economy that…
Bostic: Recent Inflation Data Not as Encouraging as Hoped
WASHINGTON—Recent inflation data “has not been as encouraging as I would have liked,” Atlanta Fed president Raphael Bostic said on Monday, saying that the lack of month-to-month improvement in the pace of price increases warrants another 0.75 percentage point increase in the federal funds rate when policymakers meet later this month. “The data that came…
Wall Street Opens Flat With Focus on Fed Meeting Minutes
Wall Street’s main indexes were subdued at the open on Wednesday as investors awaited minutes from the Federal Reserve’s meeting last month for clues on the health of the economy and the pace of interest rate hikes to combat high inflation. The Dow Jones Industrial Average fell 10.52 points, or 0.03 percent, at the open…
Can the Fed Do the Job?
Commentary Since the Federal Reserve began its counter-inflation effort last March, it has acted forcefully. It has raised its benchmark federal funds interest rate some 1.5 percentage points and reversed its long-standing program of quantitative easing. Instead of buying bonds to inject money into the financial system, it has begun to withdraw some of those…
SCOTUS Limits EPA’s Power to Curb Emissions; SCOTUS Allows ‘Remain in Mexico’ Policy to End | NTD News Today
Four men have been charged in connection to the deaths of 53 suspected illegal immigrants. Two of them facing life in prison or the death penalty if convicted. Fed chair Jerome Powell warning that economic growth will likely slow, while a new poll finds that Americans are more and more pessimistic about the economy, including…
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