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Tag: Federal reserve

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What Biden Can–And Can’t–Do About Student Loan Debt
The Biden Administration is indicating that it is ready to make headway on its campaign promise to cancel student loan debt. Proponents say Biden can eliminate student debt with the “stroke of a pen” however...
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Biden’s Recent Executive Order on Digital Currencies Panned as Dangerous, People Should be ‘Worried’
News analysis On March 7, U.S. President Joe Biden signed an executive order (EO) instructing numerous government agencies to begin research on the possible uses and regulations for a Central Bank Digital Currency (CBDC). The...
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Panic at the Fed: Interest Rate Increases Coming as Inflation Soars
On Wednesday Dec. 15, the Federal Reserve (Fed) lifted its forecast for U.S. inflation in 2022 to 2.6 percent, up from its prior estimate of 2.2 percent, sending signals that price pressures won’t dissipate for...
The U.S. has been experiencing its highest rates of inflation in decades, with differing opinions about its major drivers.
Consumer Price Inflation Growth Fastest in Four Decades
The U.S. Labor Department recently released inflation statistics for last month, painting a grim picture of the economy. The Consumer Price Index (CPI), which measures how much customers pay for goods and services, jumped by...
Federal Reserve Board Chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC.
American Economy Could Be Headed Toward 1970s-Style Stagflation, Warns Economist
The United States is grappling with the highest levels of inflation in over thirty years. The Consumer Price Index (CPI) numbers released lately showed that prices rose 6.2 percent in October compared with the same...
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Federal Reserve Will Hike Interest Rates Six Times by end of 2023, Claims Equity Strategist
Inflation is one of the hottest economic topics right now. Investors are closely watching the Federal Reserve’s actions to determine when the agency might start pushing up interest rates in a bid to combat inflation. ...
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Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and the economy, the United States Federal Reserve announced on Nov. 3, that it will be scaling down the...
Cargo transportation companies are worried that Biden's vaccine mandate will complicate the labor situation in the U.S.
Transportation Companies Warn Biden’s Vaccine Mandate Will Worsen Worker Shortage
In September, President Joe Biden ordered all private companies and federal contractors employing more than 100 workers to impose Coronavirus Disease 2019 (COVID-19) vaccine mandates. The controversial order has been heavily opposed by several businesses...
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COVID-19 Crisis Fans Inflation of Food Prices, Rent, and Fuel
Consumer prices rose 8.6 percent last year induced by skyrocketing energy tariffs that are further hampering supply chains caused by understaffing due to stiff COVID-19 regulations and soaring sick leaves. The US Bureau of Labor...
A sign is posted outside of a Wells Fargo bank.
Elizabeth Warren Encourages The Fed to ‘Break Up Scandal-Hit Wells Fargo’
Democrat Senator Elizabeth Warren has written a letter to the Federal Reserve urging it to break up Wells Fargo. Wells Fargo is the third-largest bank in America in terms of assets. Warren sits on the...
Financial institutions like Bank of America and Goldman Sachs have scaled back their growth estimates for America’s economy.
Delta Fears: Financial Institutions Cut US Growth Estimates, Americans Remain Pessimistic
Several financial institutions have scaled back their U.S. growth expectations for the third quarter. The reduced forecasts come amidst sluggish consumer spending and the country remains under the threat of measures related to the COVID-19...
A view of fruit and vegetables at an area grocery store August 12, 2021, in Washington, DC. The US inflation report showed consumer prices rising significantly for energy and food in July.
Inflation Peaks as Producer Prices Rise 7.8% Annually in July
Supply chain disruptions and waning supplies of materials are increasing costs, causing producer prices to soar to a record annual rate in July. According to the Labor Department, the producer price index for final demand...