Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
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Middle-Class Families Falling Behind Financially
Inflation continues to rise. A new Primerica poll shows that three out of four middle-class households report falling behind as the cost of living continues its increase. The…
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Federal Reserve Committed to Bringing Down Inflation
Chairman Powell says they will “do whatever it takes.” Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. central bank will “do whatever it takes” even if…
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Federal Reserve Raises Key Rate 0.75 Percent
Short-term rate now 1.75%, could still increase. On Wednesday, the Federal Reserve announced that it will be addressing inflation by raising its interest rate from 1% to 1.75%.…
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White House Economist Discusses Recession Threat
U.S. is equipped for downturn, he said. America’s gross domestic product (GDP) shrank by 1.4 percent in the first quarter of 2022 after posting significant gains to round…
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