Industrialist Elon Musk is warning that the United States is already in a recession that could turn “severe” with even more rate hikes by the Fedeeral Reserve, pointing to bank failures as proof of a stressed-out economy. “Fed data has too much latency. Mild recession is already here,” Musk stated in a tweet on April 30. The…

The Federal Reserve is raising interest rates again to curb inflation; it’s the smallest hike since March. Along with the rate hike, Fed Chair Jerome Powell gives strong rhetoric in his speech, but are the markets convinced? We talk to an analyst. More than 1,000 people have pleaded guilty or been convicted of COVID relief…

U.S. mortgage rates for 30-year fixed-rate loans have fallen to their lowest in four months amid a slowdown in the pace of interest rate hikes by the Federal Reserve and a decrease in home sales last year, with some experts predicting the easing down of mortgage rates to be the trend for 2023. The average…

Multiple Federal Reserve policymakers are expecting interest-rate hikes to continue, albeit at a smaller magnitude, as the central bank attempts to rein in inflation, with Patrick Harker, president of the Federal Reserve Bank of Philadelphia, predicting the economy will experience only a “modest” growth in 2023. The Federal Reserve is “absolutely committed” to bringing down inflation…

Excessive spending by the government and accommodative policies of the Federal Reserve have triggered rampant inflation in the United States that is hurting poorer Americans more, according to Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia. The COVID-19 pandemic threw the United States into one of the “sharpest recessions” in history. However,…

U.S. businesses are expected to see corporate earnings drop owing to a slowdown in the economy and rising interest rates, while many prominent tech firms will continue with staff layoffs starting this month, according to analysts. “Downgrades will be a key driver of the first quarter and especially this earnings season,” Joachim Klement, a market…

As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the House, will there be a constraint on spending? What’s the latest in the war in Ukraine, and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…

As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the House, will there be a constraint on spending? What’s the latest in the war in Ukraine, and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…

As we enter the year 2023, inflation is still near a 40-year high. Now that the Republicans have taken over the house will there be a constraint on spending? What’s the latest in the war in Ukraine and how much support should America be giving Ukraine? In this episode, Larry Elder sits down with UCLA…

The unemployment rate in the United States is set to worsen further as businesses are predicted to add fewer workers in the course of this year based on a quarterly Economic Indicator poll by Bankrate. The U.S. unemployment rate is expected to be at 4.6 percent a year from now, according to survey results published…