Tag: Federal Reserve

PREMIERING 3/2 at 7:30PM ET: Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’

“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…


House Republicans Accuse Biden White House of Creating ‘Authoritarian-Style’ Digital Dollar

President Joe Biden and his administration are attempting to develop an “authoritarian-style” and “surveillance-style” digital U.S. dollar through executive orders, warned House Majority Whip Tom Emmer (R-Minn.) on Tuesday. The four-term congressman recently introduced the CBDC Anti-Surveillance State Act to prohibit “unelected bureaucrats” in Washington from issuing a central bank digital currency that critics argue…


‘Unsettling’: Inflation Accelerates Sharply to 3 Times Pace in Prior Month

Inflation accelerated sharply and more than expected in January to three times the pace logged in the prior month, suggesting the Federal Reserve’s fight to quell price pressures will be, in the words of one market analyst, “long and bumpy.” Prices rose by 0.6 percent month-over-month in January, as measured by the Personal Consumption Expenditures…


The Bear Market Ain’t Over Till It’s Over

Commentary On Feb. 21, the stock market got hit by a freight train. It surprised a lot of people because unlike the groundhog, they were starting to warm up and think the winter in stocks had ended. After all, the people who identify as technical analysts brought out their charts and showed why the market…


FOMC Members Raised Recession Odds, Warned ‘Uncertainties’ in Inflation Outlooks, Minutes Reveal

Minutes from the latest Federal Open Market Committee (FOMC) policy meeting revealed that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher. While inflation is moderating and global economic growth prospects have bolstered market sentiment, there is a growing number of FOMC participants who are anticipating…


Mortgage Rates Surge Back Toward 7 Percent, Sending Demand for Home Loans Down by Double Digits

Mortgage applications plunged as the 30-year fixed mortgage rate inched higher toward 7 percent, a weekly industry survey discovered. For the week ended Feb. 17, the seasonally adjusted Market Composite Index—a measurement of mortgage loan application volumes—declined 13.3 percent, down from the 7.7 percent drop in the previous week, according to the Mortgage Bankers Association…


Recession ‘Near’ as US Leading Economic Index Drops for Tenth Straight Month

The United States is approaching a recession, as a closely watched economic index dropped for the tenth straight month in January, for the longest slump since the Lehman Brothers collapse in 2008. The Conference Board Leading Economic Index (LEI), released on Feb. 17, declined by 0.3 percent in January, following an 0.8 percent contraction in December….


Will the Federal Reserve Hit Its Year-End Inflation Target?

Commentary After driving inflation to double-digits, the Federal Reserve has been adamant about monetary restraint to restore price stability. Can the Fed succeed? If so, at what cost? Further, what needs to be watched to conclude the Fed is achieving its objective? What must occur to conclude the Fed has succeeded? The answers depends on…


Fed’s Bullard, Mester Advocated for Half-Point Rate Hikes at Last FOMC Meeting

Last month, the Federal Reserve voted to raise interest rates by 25 basis points, but two central bank officials revealed that they advocated for larger rate hikes to combat elevated inflation. St. Louis Fed Bank President James Bullard told reporters at the Greater Jackson Chamber in Jackson, Tennessee, during an event that he advanced the…


Inflation Seems to Be Re-Accelerating

Commentary It was a bad week for those promising that our inflation problems are going away. All data from January suggest exactly the opposite. The headlines for consumer prices were all about “cooling,” “firming,” “easing,” “moderating,” and another or so dozen weasel words to disguise the reality that January’s numbers had gained steam over December…