Tag: economic policies

Federal Reserve Raises Interest Rates by Another 0.75 Percent to Cool Inflation

November 2, 2022
Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesMarketsPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points, to a target range of 3.75–4.00 percent on Nov. 2, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Nov. 2. This was the sixth rate hike this…

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Fed Raises Interest Rates by Another 0.75 Percentage Points to Cool Inflation

November 2, 2022
Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesMarketsPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points on Nov. 2 to a target range of 3.75 to 4 percent, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Nov. 2. It’s the sixth rate increase…

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Interest on Government Debt Set to Exceed Total Annual Defense Spending

November 2, 2022
Business & Marketseconomic policieseconomyExecutive BranchFederal Reservegovernment debtinflationPolicies & ImpactsPoliticsUS
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The United States is on pace to spend more to maintain its debt than on its own military. In the third quarter, the federal government spent over $184 billion on interest payments on its debt. That means an annual cost of over $730 billion. Meanwhile, the Department of Defense 2022 budget was about $720 billion….

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US Provides Grants, Loans to Expand Meat Processing Capacity

November 2, 2022
Business & Marketseconomic policieseconomyGold and CommoditiesgrantloanMarketsmeatUSUS News
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CHICAGO—The U.S. Department of Agriculture will direct $73 million in grants to small- and medium-sized meat and poultry processors to expand their capacity and deliver more funds through lending programs, Secretary Tom Vilsack said on Wednesday. The money aims to increase competition and stability in the meat industry as part of a broader effort by…

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Biden Faces Growing Criticism for Self-Inflicted ‘Diesel Crisis’

November 2, 2022
Business & Marketsdiesel crisisdiesel shortageeconomic policieseconomyenergyExecutive BranchinflationJoe BidenPolicies & ImpactsPoliticsRepublicansUSUS News
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Republicans have intensified their criticism of President Joe Biden and his energy policies for the shortage of distillate fuel oil that they’re calling a looming “diesel crisis” that will hurt American families. Data from the U.S. Energy Information Administration (EIA) show that diesel stockpiles, in October, are at their lowest level among records that go…

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ECB Must Keep Raising Rates Even If Recession Risks Rise, Lagarde Says

November 2, 2022
Business & MarketsECBeconomic policieseconomyEuropeeurozoneinflationlagarderatesrecessionWorld
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FRANKFURT—The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a eurozone recession has increased, ECB President Christine Lagarde said in an interview published on Tuesday. “Our mandate is price stability and we have to deliver on that using all the tools we have available,” Lagarde told…

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Federal Reserve Chair Powell Holds News Conference

November 2, 2022
Business & Marketseconomic policieseconomyenergyEpochTVEpochTV Liveinflationjerome powellLive VideosUSUS NewsVideo
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The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on…

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LIVE 2:30 PM ET: Federal Reserve Chair Powell Holds News Conference

November 2, 2022
Business & Marketseconomic policieseconomyenergyEpochTVEpochTV Liveinflationjerome powellLive VideosUSUS NewsVideo
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The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on…

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LIVE 2:40 PM ET: Biden Delivers Remarks on Infrastructure

November 2, 2022
Business & Marketseconomic policieseconomyEpochTVEpochTV LiveinflationJoe BidenLive VideosUSUS NewsVideo
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President Joe Biden delivers remarks on expanding good-paying jobs in broadband, construction, and manufacturing. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on social media: Twitter: https://twitter.com/EpochTVus Rumble: https://rumble.com/c/EpochTV Truth Social: https://truthsocial.com/@EpochTV Gettr: https://gettr.com/user/epochtv Facebook: https://www.facebook.com/EpochTVus Gab: https://gab.com/EpochTV Telegram: https://t.me/EpochTV …

LIVE NOW: Biden Delivers Remarks on Infrastructure

November 2, 2022
Business & Marketseconomic policieseconomyEpochTVEpochTV LiveinflationJoe BidenLive VideosUSUS NewsVideo
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President Joe Biden delivers remarks on expanding good-paying jobs in broadband, construction, and manufacturing. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on social media: Twitter: https://twitter.com/EpochTVus Rumble: https://rumble.com/c/EpochTV Truth Social: https://truthsocial.com/@EpochTV Gettr: https://gettr.com/user/epochtv Facebook: https://www.facebook.com/EpochTVus Gab: https://gab.com/EpochTV Telegram: https://t.me/EpochTV …