Fed’s Powell says confidence that inflation will slow is ‘not as high’ as before
Darrell Cronk, chief investment officer of Wells Fargo’s Wealth and Investment Management division, said April’s labor report was exactly what the Fed wanted to see in “making money.” Chairman of the Federal Reserve System Jerome Powell He reiterated Tuesday that the central bank will be patient and wait for evidence of slowing inflation before cutting […]
Americans are carrying a record amount of household debt
“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss how “Bidenomics” isn’t gaining traction with voters. Americans will accumulate more debt in early 2024, with more households falling behind on several types of loans, according to a New York Fed report released Tuesday. In the first three months of 2024, total household debt soared […]
Nearly half of Americans say finances are taking toll on their mental health
Jason Furman, who chaired the National Economic Council during the Obama administration, said there was nothing structural about inflation at Barron’s Roundtable. Approximately half of U.S. adults struggle with their mental health due to their financial situation. According to Bankrate’s latest Money and Mental Health Survey, 47% of adults say money concerns have at least […]
Wholesale inflation unexpectedly jumps again to highest level in a year
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Wholesale-level inflation is much higher than expected in April, the latest sign that price pressures in the economy remain high and difficult to contain. The Labor Department announced Tuesday that it will measure […]
Walmart cutting hundreds of corporate jobs, asking remote workers to return to office: report
Walmart employees drive autonomous forklifts inside distribution centers. (Credit: Walmart) Walmart is cutting hundreds of office workers and remote workers are being asked to return to the office, The Wall Street Journal reported Monday. The U.S. retailer has ordered employees from its offices in Dallas, Atlanta and Toronto to work at Walmart’s headquarters in Bentonville, […]
Credit card debt poised to smash another record high
Nomi Prince, author of “Perpetual Distortion,” argues that the Fed’s policies are having a negative impact on everyone involved in “making money.” Americans are hoarding more money credit card debt This is because the prices of daily necessities continue to rise due to still high inflation and soaring interest rates. Federal Reserve Bank of New […]
Economist blasts ‘terrorist sympathizers’ for pushing universities to divest from Israel: ‘Almost impossible’
As the Biden administration grapples with foreign policy in preparation for the 2024 election, former Trump national security adviser KT McFarland reflects on the fractured relationship between the United States and Israel. An economist has warned US students who want their universities to “divest from Israel” that such a move is “nearly impossible.” Robert Stein, […]
US home prices have surged 47% since the start of 2020
Madison Ventures Managing Director Mitch Rochelle analyzes the housing market and reveals some of the best places to live outside of the big cities on “The Big Money Show.” Home prices have risen 47.1% since the start of 2020, well above the gains seen in recent decades. This is according to a recent analysis of […]
Americans expect high inflation to stick around in latest NY Fed survey
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” Americans are bracing for continued high inflation for years to come, according to a major New York Fed survey released Monday. The median expectation is inflation rate According to the New […]
Inflation shrinks buying power as $100 goes a lot less far these days
John Carney, co-author of Breitbart Business Digest, discusses the continued rise in inflation above the Federal Reserve’s target interest rate on “Kudlow.” The amount of household necessities Americans can buy with a $100 bill has fallen by nearly a third over the past five years, according to data showing the pressures consumers face from the […]