When it comes to the Fed’s Wednesday FOMC statement, economists agree that this meeting should largely serve as a status check of the economic recovery relative to the substantial forecast upgrades that the FOMC unveiled at their March meeting, but things will then heat up in the summer and certainly the fall, when Powell may have no choice...
Total US births are collapsing and likely to continue falling significantly further over the coming decade(s). However, this isn't our first rodeo...as total births collapsed during the 1960's 'til early '80's...almost inexplicably against a fast growing childbearing population.
The dollar share of Russian exports dropped below 50% for the first time on record in the fourth quarter following a multi-year Kremlin campaign to reduce the country’s vulnerability to U.S. assets.Most of the slump in dollar use came from Russia’s trade with China, more than three-quarters of which is now conducted in euros, according to central bank data...
These rules drive up costs and distort markets while letting politicians claim credit for defending domestic industries from foreign competition.
Sure, at face value commodity prices have been surging, but everything is relative, n’est pas? Commodities adjusted for money supply tells us deflation is still lurking.
The takeaway here is obvious: earn as little money as possible and invest your surplus labor in assets that can't be expropriated.
And for buyers, it’s a Perfect Time to make a Terrible Deal. The winner in these crazy bidding wars is the seller.
What would happen if Biden got the tax hikes he seeks? A big set of questions and answers follow
Progressives seek whopping increases to support what they call the "America Family Plan", radical Left agenda with a clever name.
Treasury Secretary Janet Yellen presides over the “Made in America Tax Plan,” which includes an increase in the Federal corporate income tax rate from 21% to 28%. Combined with State and Local corporate income taxes, the OECD calculates that the effective statutory rate right now is 25.77%. Adding 7% to this would presumably raise the total...
Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting into them one way or another. But keep asking questions, and they’ll tell you something else, too: the m…
Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal Reserve is all but sure to reiterate its commitment to ultra-low interest rates. At a news conference Wednesday after the Fed’s latest policy meeting ends...
Wealth advisers are counseling clients to max out their retirement accounts, park gains in tax-deferred opportunity zone funds and even sell some assets to avoid being clobbered by a potential U.S. capital gains tax hike.
President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality.
Unfortunately, it’s an outcome that kicks the policy can further down the road when the central bank should be thinking now about scaling back its extraordinary measures.
As the government issues new payments by paper check or debit card, here's how to make sure you don't miss them.
The CDC's guidance now states that "masks may not be necessary when you are outside by yourself away from others, or with people who live in your household."
A group of 21 Democratic senators have reintroduced legislation in Congress to lower the qualifying age for Medicare from 65 to 50.
Before the central bank begins to scale back support for the economy, it must first decide how to communicate the idea to markets.
Many borrowers are already eligible for forgiveness, without action from President Biden.