Commentary Consumer prices were becoming exceptionally high, and policymakers at the Federal Reserve became increasingly worried they were falling behind. Having been forced into buying U.S. Treasurys—a lot of USTs—policymakers wanted to scrap the bond purchases and reverse course before it got to be too late, fearing the resulting overabundance of bank reserves. While this…
Democrats Flee When Recession Is Mentioned
Commentary The top issue going into the midterm elections is the economy, with inflation and the increasing costs of everything tightly coupled. In fact, an early October poll from Monmouth University indicated that 82 percent of those polled considered inflation to be a “very important” issue. Even Democrat-friendly NBC News has highlighted that fact. On…
Gasoline Prices Are Stubbornly High in Election Swing States as Biden Releases More Oil From Strategic Reserve
October 20, 2022
admin
2022 Midterm ElectionsBiden administraitonBusiness & MarketsDemocratseconomic policieseconomyenergygas pricesinflationmidterm electionpersonal financePolicies & ImpactsPoliticsrecessionStrategic Petroleum ReserveUS
0 Comment
Gas prices remain persistently high throughout the United States, as swing-state voters increasingly turn away from the Democrats because of rising fuel costs, three weeks before the midterm elections. The cost of gas is currently higher than at least nine of the last election cycles. Meanwhile, President Joe Biden announced the release of more oil…
‘Batten Down the Hatches’: What CEOs Are Saying About the Recession
Despite the U.S. economy slipping into a technical recession in the first half of 2022, CEOs believe that economic conditions could further deteriorate over the next six months, according to a recent survey from The Conference Board, a nonprofit business membership and research group organization. The Conference Board Measure of CEO Confidence report, which was produced in…
What America’s Most Prominent CEOs Are Saying About Recession
Despite the U.S. economy slipping into a technical recession in the first half of 2022, CEOs believe that economic conditions could further deteriorate over the next six months, according to a recent survey from The Conference Board, a nonprofit business membership and research group organization. The survey found that 98 percent of chief executives were preparing for…
Jobless Claims Drop More Than Expected, Pointing to More Fed Tightening
New weekly filings for unemployment insurance—a proxy for layoffs and a labor market barometer—fell more than expected last week, to a three-week low, with experts saying that the Federal Reserve will likely see this as a sign of labor market tightness and, therefore, will have no reason to pause in its aggressive monetary-tightening cycle. First-time filings for…
Wall Street Opens Lower as UK’s Truss Resigns as PM
Wall Street’s main indexes opened lower on Thursday after the resignation of Liz Truss as prime minister of the UK added a layer of uncertainty to markets struggling to hold on to gains from a set of positive earnings forecasts from U.S. companies. The Dow Jones Industrial Average fell 11.89 points, or 0.04 percent, at…
Fed’s Evans: Managing Unemployment Under 5 Percent While Curbing Inflation Would Be ‘Good’ Outcome
October 20, 2022
admin
Business & MarketsCharles EvanseconomyFed Rate Hikefederal funds rateinflationrecessionunemployment and interest ratesUS
0 Comment
If the Federal Reserve manages to rein in inflation while sustaining unemployment levels under 5 percent, that would be considered “good,” said Charles Evans, president of the Federal Reserve Bank of Chicago, on Wednesday in remarks at the University of Virginia. Based on policy projections outlined after the September Fed meeting, interest rates targeted at…
GOP Gov. Chris Sununu Warns of ‘Very Real’ and ‘Severe’ Recession Driven by Unspent Stimulus Funds
New Hampshire Gov. Chris Sununu warned that inflation is going to be “very exacerbated for the next few years” and a recession will be “very real” owing to the fact that much of the spending allocated under the American Rescue Plan and infrastructure package hasn’t actually been spent yet. Sununu, a Republican, made the comments in…
Oil Rises on Tight Supplies
October 20, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices rose by more than $1 on Thursday in response to tighter supplies. Brent crude futures rose $1.33, or 1.4 percent, to $93.74 a barrel at 1020 GMT. U.S. West Texas Intermediate crude for November delivery, which expires on Thursday, rose $1.43, or 1.7 percent, to $86.98 per barrel. The WTI contract for December…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta