They leave the door open for future rate hikes. The Federal Reserve determined to keep its benchmark interest rate at about 5.4 percent this past week, the highest…
Read MoreInterest Rates
Commerce Department Reports Boost in New Home Sales
Home builders work to fill the demand created by the housing shortage. The Commerce Department released its housing report last week, documenting heightened sales of newly built houses…
Read More
Federal Reserve Chair Says Inflation Still Too High
The trend has slowed, but not enough. The Federal Reserve Chairman Jerome Powell said in comments to the Economic Club of New York that inflation remains too high…
Read More
Federal Reserve Reports Top 1% of Americans Becoming Richer
Highest income generators now hold 26.5 percent of total household net worth. The Federal Reserve released income data for the month of June in late September, tracking a…
Read MoreFederal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
Read More
National Debt Interest Could be Highest U.S. Expense
Entitlements and defense spending could be eclipsed with debt’s interest. The U.S. Treasury Department released data that shows government spending increased the national debt to $31.38 trillion in…
Read More
Federal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
Read MoreFederal Reserve Raises Interest Rates Again
Rates are now at a 22-year high. In its meeting Wednesday, the Federal Reserve increased interest rates by another quarter percent, still claiming the rate increases are necessary…
Read More
Legislators Propose Major Banking Reforms
Troubles in the financial sector spur action. Members of Congress are considering banking reforms after the failures of Silicon Valley Bank, Signature Bank, and First Reserve Bank this…
Read More
Fed Chair to Raise Interest Rates at “Careful Pace”
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 More