Chairman Powell testified before Senate Banking Committee on the rate of inflation. Chair of the Federal Reserve Jerome Powell recently testified before the Senate Banking Committee, where he…
Read MoreInflation
Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
Read MoreLabor Department Reports Inflation Fell in March
Still higher, at 5 percent, than the Federal Reserve target. The Bureau of Labor Statistics reported last week that inflation decreased one percentage point in March, ending at…
Read MoreHome Sales Up as Prices Down
Sales increased in all four national regions. For the first time in a year, existing home sales across the U.S. increased in February as prices fell at the…
Read MoreFederal Reserve Raises Interest Rates Again
The result will be tighter credit options for households. At its meeting on Wednesday, the Federal Reserve raised interest rates to a target range of 4.75% to 5%,…
Read MoreFed Again Considers Interest Rate Hike
Central bank members meet Wednesday. The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…
Read MoreHousing Affordability at Historic Low
Mortgage rates reach 7 percent – housing prices could drop 20 percent. An online real estate marketplace recently reported that barely one in five U.S. households could afford…
Read MoreLegislation Introduced to Cap Insulin Prices
Representative Bush says, “We cannot solely rely on the whims of pharmaceutical companies.“ Senator Bernie Sanders of Vermont has introduced a bill that would cap the list price…
Read MoreSenate Confirms IRS Commissioner
He had been the acting commissioner. The Senate confirmed Danny Werfel on Thursday as the Commissioner of the Internal Revenue Service. During his hearing in February, Werfel said,…
Read MoreNew Energy Legislation Coming in House
The bill would address fossil fuel production and other energy projects. House Speaker Kevin McCarthy of California and other members of the House have been putting together a…
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