Treasury Department announces sobering milestone. America’s total national public debt outstanding is now above $30 trillion, according to Treasury Department data. Government borrowing accelerated during the COVID-19 pandemic as…
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Treasury Secretary Supports Federal Reserve Nominees
Expresses confidence in their ability to keep the agency independent. President Joe Biden previously nominated Jerome Powell and Lael Brainard to serve on the Federal Reserve Board, and…
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U.S. Experiences Slowdown in Hiring Rate
Gain was slowest since last December. The U.S. economy added 210,000 jobs in November, indicating a decrease in hiring as the year nears a close. However, the labor…
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Unemployment Claims Drop to 290,000 Last Week
2 million jobs likely will not return to the economy. The Department of Labor released the latest figures measuring the U.S. job market on Thursday. The report found…
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Fed Says Vaccine Mandates Hurt Employment
Mandates are one part of the labor shortage. Vaccine mandates are contributing to labor supply problems, businesses are reporting to the Federal Reserve. The central bank said that recent…
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Inflation Hits 30-Year High
Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
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Home Prices Highest in 30 Years
National index has average up 14.6%. U.S. home prices rose to a record high in the month of April, as buyers competed for a limited number of homes…
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Fed Official Expects Rate Hike Next Year
Inflation is running “hotter” than Federal Reserve had anticipated. The president of the St. Louis Federal Reserve Bank predicted an interest rate hike in late 2022, which is…
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Senator Seeks Policy Information from Federal Reserve
Letters sent from PA senator concerning race initiatives. Senator Pat Toomey of Pennsylvania, the ranking member of the Senate Banking Committee, sent letters to regional Federal Reserve leaders…
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Federal Reserve Releases Statement on Interest Rates
Decision by FOMC to keep rates low during economic recovery On Wednesday, the Federal Reserve issued a statement from the Federal Open Market Committee (FOMC) regarding interest rates.…
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