Federal Reserve poised to again raise interest rates. The Consumer Price Index for August shows inflation is up 8.3 percent from a year ago. Economists were expecting a lower…
Read MoreInflation
Treasury Secretary Says Gas Prices Could Spike Again
Oil prices are on the increase. Oil prices rose Monday as supply concerns are mounting heading into the winter months. Although gasoline at the pump has gone down in…
Read More
Administration May Release More from Strategic Petroleum Reserve
The intent is to mitigate winter heating oil prices. President Biden’s administration is considering the release of more crude oil from the nation’s Strategic Petroleum Reserve after the…
Read More
President Names New Climate Advisors
John Podesta and Ali Zaidi join the White House team. President Joe Biden has appointed two new leaders to his climate change team. John Podesta joins the White…
Read More
Job Openings Increased in July
The hiring pace slowed for the fourth month in a row. The U.S. Department of Labor announced Tuesday that job openings rose in July as employers become less…
Read More
World Economists Expect Economic Volatility to Persist
Members of the Federal Reserve participate in an annual economic symposium. Economic leaders from around the world, including members of the U.S. Federal Reserve, participated in an annual…
Read More
Secretary Granholm Estimates “Record” 2023 Oil Production
Anticipates restocking global oil market without Russian supply. Energy Secretary Jennifer Granholm recently said the United States is set to produce around 12.7 million barrels of oil per…
Read More
Federal Reserve Board Meets in Wyoming
Chairman Powell says efforts to reduce inflation will “bring some pain.” Members of the Federal Reserve have been meeting in Jackson Hole, Wyoming, and on Friday, Chairman Jerome…
Read More
President Announces Major Student Loan Forgiveness
Benefits accrue to tens of millions of Americans. President Biden is taking action Wednesday to forgive $10,000 or more in federal student loan debt, a move that would…
Read More
Administration Forecasts $1.7 Trillion Deficit Reduction
The amount is lower than what they estimated in March. The Office of Management and Budget said the federal deficit will decline by $1.7 trillion this year, representing…
Read More