Lumber prices have been halved since the Federal Reserve embarked on its most aggressive interest rate tightening campaign in decades as the pandemic boom in housing slows.
JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same.
As the narrative goes, inflation readings have hit their highs for the year. The Federal Reserve will hike rates until monetary policy "normalizes," then declare victory over the very problem its policies unleashed.
His political "revolution" sputtered. Then his disciples found cryptocurrency. Now, they want to force Washington to finally grapple with his strange ideas.
"Inflation is high and it's going higher. So, you're going to have the combination of a very weak economy in recession and high inflation getting worse..."
After more than a year in which Federal Reserve leadership appeared clueless, pollyannish, and indecisive, the Fed is conducting a full-throated messaging campaign to show that it is as serious as cancer about the inflation surge that is scaring the
Having been without a president for more than half a year after its disgraced former president (and former Goldman banker) Robert Kaplan retired from the bank on October 8, 2021 after his personal stock trades were exposed in a wide-ranging scandal..
Last week, the Fed raised interest rates by 0.5%. It was the biggest rate increase since the year 2000. But it was hardly aggressive in light of the current bout of inflation.
Inflation today compared to the 1980s "is a completely different animal this time around, and the situation is so beyond what the Fed can do now," says Peter Grandich, founder of Peter Grandich & Company.
It's been a challenging year for consumers. And with the highest inflation in four decades, some are paring back spending on big-ticket items, such as used automobiles. After jumping 90%, since the start of the virus pandemic, used car prices are coo
U.S. Treasury yields ticked higher on Thursday, following a volatile day centered on Federal Reserve chairman Jerome Powell's ruling out of rate hikes of more than 50 basis points.
Stocks pulled back sharply on Thursday, completely erasing a rally from the prior session in a stunning reversal that delivered investors one of the worst days since 2020.
Fed FINALLY cracks down on rocketing inflation: Central bank launches biggest rate hike in 22 years and starts selling off $9trillion bond holdings as US faces spike in borrowing costs
Gold prices dropped to a near three-month low on Monday, triggering massive selling pressure. "I think this is the spot you should be looking to buy some gold if you're going store it," said market expert Todd "Bubba" Horwitz, the founder o
Tim Picciott (The Liberty Advisor) gives the Economic Report; Federal Reserve and the coming digital currency (CBDC's), inflation, World Government Summit, etc...
Mostly we get lies, spin and obfuscation from central bankers, politicians and bureaucrats. But every once in a while, one of these people accidentally wanders into the truth.
The Government's COVID-19 response was met with the obvious effects like the lockdowns that decimated the lives of millions to little to no effect on mitigating the spread, mask mandates, or even vaccination mandates.
1913 was a fateful year for freedom in America. Both the Income Tax & Federal Reserve were created. The dreaded Income Tax made everyone's hard-earned money the property of the federal government first. The earnings that government allowed people to
The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures. The most recent falsehood is that Russia's invasion of Ukraine caused March's 8.5 percent year-over-yea
The laziness of the financial press appears to know no bounds. For instance, this gem from the Wall Street Journal purports to explain today's red hot inflation number:
Behind the looming housing crisis and ensuing global contagion were attempts to empower the Federal Reserve with enormous and almost unfathomable controls over the economy.
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