Bidenflation Crushed Workers in 2021: Three Worst Wage Contractions on Record
Assessment: Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, the consumer price index, a metric that measures costs across...
Beef Prices Jump As Omicron Spread Sickens Meat Plant Workers
The COVID-19 Omicron variant's spread among U.S. meatpacker workers is threatening beef output and raising prices, according to Bloomberg.
New data from the U.S. Department of...
Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation
Assessment: In addition to rate hikes, the Fed also is tapering its monthly bond purchases, which have added more than $4.5 trillion to its balance...
Higher interest rates upset stock market as hot inflation tests the Fed
U.S. stocks resumed their sell-off on Monday as government bond yields continued to trek upward, a hint that many traders are growing more certain...
Real Wages Plummet As Inflation Hits The US Recovery
Assessment: The United States will not have a strong job market unless it recovers the trend of rising real wages and increasing labor participation...
Is The Biden ‘Recovery’ Leaving Black America Behind?
Assessment: While the end of the COVID lockdowns has spurred significant job gains, black Americans have been left behind in the recovery ...
Despite a...
Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings...
Assessment: While this unprecedented rush to buy everything on credit ahead of and during the Thanksgiving holiday should not come as much of a surprise,...
A March Rate Hike? Not So Fast …
Assessment: The Federal Reserve was hawkish on raising interest rates year end 2018 but capitulated in 2019 and kept the printing press humming. Will...
WTI Slides Back Below $78 As Gasoline Demand Plunges
Assessment: Cushing crude stocks grew another week, making it now two months of growing inventories at the commercial storage hub. The storage depot is now sitting...