Category Archives: Politics

Financial FAQs Much talk has been made of what the Chairman Powell and US Fed officials say they learned from the inflation spiral of the 1970s. Keep employees’ wages from rising too fast, since they are that part of the … Continue reading →

Financial FAQs AtlantaFederalReserve The Atlanta Fed’s GDPnow graph perfectly illustrates how uncertain are predictions for second quarter economic growth. They go literally from negative growth to 2 percent plus! Why? Because though manufacturing sector growth has been negative for seven months, … Continue reading →

Financial FAQs FREDusdebt President Biden said it best concerning the agreement to raise the national debt ceiling for two years, when asked at the G-7 summit if it could cause a recession. “I know it won’t…Matter of fact, the fact … Continue reading →

Popular Economics Weekly FREDpceindex After a sputtering start, it looks like the U.S. economy is picking up steam. First Quarter GDP growth was revised upward from 1.1 to 1.3 percent in the BEA’s second estimate yesterday. And the Personal Consumption … Continue reading →

Financial FAQs Calculated Risk/Census Bureau Why do consumers keep spending with so much news warning of an impending recession? Well, because we’re not even close to a recession yet. NYTimes columnist and Nobel laureate Paul Krugman has been puzzling over … Continue reading →

Financial FAQs BLS.gov April’s Producer Price Index for final demand confirmed the wholesale cost of goods and services has already returned to a 2 percent range, which should enable Fed officials to say the battle against COVID-induced inflation is almost … Continue reading →