Tag: economic policies

Midterm Elections May Offer Last Chance to Avert Economic Disaster: Experts

October 28, 2022
2022 Midterm ElectionsBusinessBusiness & Marketseconomic policieseconomyinflationNational NewsPoliticsUnited StatesUS
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News Analysis Amid a continuing rise in inflation, excessive federal spending, and growing public alarm about the state of the economy, the Nov. 8 midterm elections may represent one of the last opportunities to attain a legislative majority willing and able to reverse catastrophic fiscal policies pushing the country toward an implosion similar to the…

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[PREMIERING NOW] The Best Way to Fight Inflation: Nick Recce

October 28, 2022
Business & Marketseconomic policieseconomyenergyEnergy policyEpochTVFederal ReserveFresh Look AmericainflationInvestmentLive VideosMarketsrecessionUSVideo
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Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…

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The Best Way to Fight Inflation: Nick Reece

October 28, 2022
Business & Marketseconomic policieseconomyenergyEnergy policyEpochTVFederal ReserveFresh Look AmericainflationInvestmentLive VideosMarketsrecessionUSVideo
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Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…

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Wall Street Loses Over $200 Billion in Value After Report From Amazon

October 28, 2022
AmazonBusiness & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUSUS News
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Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17 percent after the bell, wiping out $190 billion in market capitalization after the retail and technology…

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Fed Seen Hiking Rates Aggressively to 5 Percent, Sparking a Recession: Bloomberg Survey

October 28, 2022
Business & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesrecessionUS
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The U.S. Federal Reserve is expected to maintain its hawkish stance on interest rates during the upcoming meeting in November, according to a group of economists surveyed by Bloomberg. The policy-making arm of the Fed, the Federal Open Market Committee (FOMC), is scheduled to meet on Nov. 2. The survey found that economists expect the…

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US Core Inflation Accelerates as Price Pressures Percolate

October 28, 2022
2022 Midterm ElectionsBiden administraitonBusiness & Marketsconsumer priceseconomic policieseconomyinflationMidtermspersonal financePoliticsrecessionUS
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A key measure of inflation in the United States that is closely monitored by the Federal Reserve accelerated once again in September, as the price of goods and services rose upward, The Personal Consumption Expenditures (PCE) Index showed that core prices, excluding the volatile food and energy prices, rose 0.5 percent from the previous month,…

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Biden Moves to Combat ‘Junk Fees,’ Declares Surprise Overdraft Fees ‘Illegal’

October 28, 2022
Business & Marketscredit card feeseconomic policieseconomyinflationJoe Bidenjunk feesoverdraft feepersonal financeUS
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The Biden administration is taking steps to fight what the president calls “junk fees,” as American citizens struggle to make ends meet due to inflation. The move against “junk fees” will lower the cost of everyday living for American families and put more money into the hands of working-class and middle-income citizens as well as…

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Saudi Blasts Release of US Oil Reserves as an Attempt to ‘Manipulate Markets’

October 28, 2022
2022 Midterm ElectionsBiden administraitonBusiness & Marketseconomic policieseconomyenergyEuropeInvestmentMarketsMiddle EastOilOPECPolicies & ImpactsPoliticsRussia-Ukraine WarSaudi ArabiaStrategic Petroleum ReserveUSWorld
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The Saudi Arabian energy minister indirectly slammed the decision by the Biden administration to release oil from the Strategic Petroleum Reserve (SPR) as an attempt to “manipulate markets.” This is the latest spat between Riyadh and Washington over crude production. Saudi Energy Minister Prince Abdulaziz bin Salman did not directly mention President Joe Biden over…

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Nasdaq Opens Lower as Warnings From Amazon, Apple Weigh

October 28, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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The Nasdaq opened lower on Friday as gloomy forecasts from megacaps Amazon and Apple outweighed data that showed U.S. consumer spending increased more than expected in September. The Nasdaq Composite dropped 26.47 points, or 0.25 percent, to 10,766.20 at the opening bell. The Dow Jones Industrial Average rose 171.03 points, or 0.53 percent, at the…

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US Mortgage Rates Hit Over 7 Percent, the Highest in Over Two Decades

October 28, 2022
Business & Marketseconomic policieseconomyFreddie MacHome salesinflationInvestmentMarketsmortgage ratespersonal financereal estateUSUS Real Estate
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Mortgage rates rose above 7 percent for the first time in more than 20 years, as the American housing market continues to decline. Prior to March of this year, home-borrowing rates were on the way down after a 40-year low, before the Federal Reserve started to increase interest rates to combat out of control inflation….

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