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Jun 16 2022
Headline Roundup
Will the Government’s Anti-Inflation Efforts Spark a Recession?
The Federal Reserve raised interest rates on Wednesday in an attempt to slow down the economy and bring inflation closer to its 2% target. Will these efforts backfire and push the U.S. into a recession?
Along with bond purchases, the Fed’s influence over interest rates is the federal government’s main tool for controlling inflation. However, raising interest rates makes borrowing money
Common Dreams Forbes Cato InstituteApr 01 2022
Headline Roundup
Economists Warn of Potential Housing Bubble as Home Prices and Mortgages Rise
On Tuesday, the Federal Reserve Bank of Dallas warned of a potential housing bubble fueled by investor speculation on top of pre-existing inflation.
Bubble or not, finding a place to live is getting more expensive, and not just in the U.S. The Dallas Fed report also pointed to hot housing markets in 11 other countries, including Canada, South Korea and several European nations.
USA TODAY CNBC Washington ExaminerJul 07 2023
Headline Roundup
June 2023 Jobs Report Shows Hiring Ease
According to the Labor Department jobs report, hiring eased slightly in June as employers added 209,000 jobs, compared to 306,000 jobs in May. The unemployment rate fell from 3.7% to 3.6%.
Key Details: The Federal Reserve is projecting more rate increases in 2023, since economic activity and inflation have not slowed as much as they expected. Employers in hospitality, leisure, and local
Wall Street Journal (News) Washington Examiner CNN DigitalOct 19 2021
Headline Roundup
Democrats Will Scale Back Plan for More IRS Bank Account Monitoring
On Tuesday, Senate Democrats will offer a scaled-back version of a Biden administration proposal requiring financial institutions to report more information to the Internal Revenue Service (IRS) on bank accounts with more than $600 in annual deposits or withdrawals.
The new plan will boost that amount to $10,000 and will exempt wage income. Banks already report interest earned in
Washington Post The Hill Washington ExaminerNov 15 2023
Headline Roundup
Wholesale Inflation Hits Lowest Level Since April 2020
According to the Labor Department, wholesale inflation dropped 0.5% in October, the biggest drop in the producer price index since April 2020.
Key Details: Wall Street had been expecting a 0.1% increase in wholesale prices. Those prices, measured by the producer price index, serve as an indicator of the prices that consumers ultimately pay.
Key Quote: “The Fed will welcome the
CNN Business Fox Business CNBCNov 13 2023
Headline Roundup
San Francisco Clears Homeless Camps in Anticipation of APEC Forum
San Francisco is hosting the Asia-Pacific Economic Cooperation forum this week, which will feature a meeting between President Joe Biden and Chinese President Xi Jinping. In preparation for the forum, the city cleared out homeless encampments throughout the city. This sudden rush to address the city’s issues sparked a dialogue in the media.
“Threat of Embarrassment”: Noah Rothman (Lean
USA TODAY Reuters National Review (Opinion)Mar 13 2020
Headline Roundup
Coronavirus Tips, Advice, and Need-to-know Information
Tips and advice on staying healthy during the outbreak of COVID-19 have emerged from all sides of the media, with many angles focused on caring for the elderly and overall coronavirus awareness. Some advice related more to preventing contraction of the virus, such as stop touching one's face, hand washing, and avoiding crowded public spaces; Other voices have concentrated on preserving mental
USA TODAY MarketWatch CNN DigitalJan 26 2022
Headline Roundup
Citing Inflation and Jobs Growth, Federal Reserve Signals Interest Rate Hike 'Soon'
With “inflation well above 2 percent and a strong labor market,” the Federal Reserve suggested Wednesday that it would soon raise its benchmark interest rate. Many experts expect the rate hike to come in March.
“Progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation,”
Washington Post Washington Examiner CNBCMay 07 2021
Headline Roundup
Hiring Slows in April, Falling Short of Expectations
American employers added 266,000 jobs in April, a significant drop from March that fell short of many economists' predictions. The unemployment rate also rose from 6% to 6.1%. Still, it's the fourth consecutive month that businesses have added jobs as the economy continues to recover from the COVID-19 pandemic.
The news made headlines on major news sites across the spectrum Friday. Many
Washington Examiner Associated Press CNN DigitalAug 06 2021
Headline Roundup
Work Continues on $1T Bipartisan Infrastructure Bill
Senators have spent much of the week debating amendments to the Infrastructure Investment and Jobs Act, a $1 trillion bipartisan infrastructure proposal. Senate Majority Leader Chuck Schumer (D-N.Y.) said Thursday night that senators are "very close to an agreement." A procedural vote on the bill is scheduled for Saturday. If passed, the legislation would provide federal funding for highways,
Associated Press Fact Check The Hill Washington Examiner