The Federal Reserve is set to increase interest rates due to high inflation and the labor market returning to levels consistent with...
January 29, 2022
Category: Economics
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Report: War in Ukraine Could Spark Devastating Economic Crisis
In the face of Russia’s expected invasion of Ukraine, inflation-weary Americans may need to prepare for gas prices to skyrocket. With oil...
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Chinese Chip Shortage Could Keep Car Prices High
What happens in China absolutely affects the rest of the world… About a week ago we covered a market report from KPMG...
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Inflation Approaches Four Decade High
Inflation has surged yet again. December’s numbers from the Bureau of Labor Statistics show the consumer price index (CPI) had increased by...
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December Jobs Report Falls Short of Expectations
The U.S. economy added 199,000 jobs in December. The hiring figures came as a disappointment as economists had forecasted 422,000 new jobs....
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How Biden’s Policies Deliberately Increase Energy Costs
You’ve probably heard that presidential administrations have little or no impact on gas prices. That is generally true, but not with this...
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Fed Forecasts Multiple Rate Hikes for Coming Year
Inflation is rising at its highest rate in three decades. All across this country, hardworking Americans face increasing costs on everything from...
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Wholesale Prices Rise at Fastest Pace Since Records Began
Wholesale prices of consumer goods increased by 9.6% from November 2020 to November 2021. That figure includes a 0.8% price increase in...
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Inflation Surges at Fastest Rate in Decades, Just in Time for the Holidays
Economists had prepared for the worst leading up to today’s Bureau of Labor Statistics’ report. But the fallout isn’t less painful just...
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Report: Billions in COVID Relief Funds Stolen by Russia and China
Russian mobsters, Chinese hackers and government-owned organizations in both countries have pulled off what could be the biggest heist of all time....