by Andrew Moran | Dec 15, 2022 | Articles, Business News, Opinion
What a crucial week it was for the United States economy. The annual inflation rate showed further progress by easing to 7.1% in November, while the Federal Reserve raised interest rates by 50 basis points. But any celebration might be premature, as rampant price...
by Andrew Moran | Dec 14, 2022 | Articles, Economic Affairs News
The cost of living is 7.1% higher than it was a year ago, according to the November consumer price index (CPI). While the inflation crisis is finally slowing down, food prices continue to wreak havoc on US households. From eggs to milk to bread, grocery bills are...
by Andrew Moran | Dec 8, 2022 | Business News, Lights, Camera, Action, Opinion, Swamponomics
Despite President Joe Biden championing his record on the manufacturing sector, the industry slipped into a recession in November. According to two industry measurements, the industry that employs millions of workers could be in store for a dreadful 2023. For more...
by Andrew Moran | Dec 6, 2022 | Articles, Economic Affairs News, Opinion
Could the United States return to the days of the Obama economy? The baseline scenario for Wall Street heading into 2023 is a recession. Many signs indicate an economic downturn next year: The Federal Reserve’s M2 money-supply growth is below pre-pandemic levels, the...
by Andrew Moran | Dec 4, 2022 | Columns, Economic Affairs News, Good Reads, Opinion
The reason price inflation reached a 40-year high is not that the federal government approved trillions in deficit-financed spending or that the Federal Reserve is printing trillions more. The consumer price index (CPI) is running north of 7% because of you and your...