He discusses potential U.S. investment in the lithium-rich and inflation-ridden economy. Deputy National Security Advisor Mike Pyle of the National Security Council, met with Argentinian officials on Wednesday…
Read MoreInflation
Federal Reserve Keeps Interest Rate Unchanged
They leave the door open for future rate hikes. The Federal Reserve determined to keep its benchmark interest rate at about 5.4 percent this past week, the highest…
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Federal Reserve Chair Says Inflation Still Too High
The trend has slowed, but not enough. The Federal Reserve Chairman Jerome Powell said in comments to the Economic Club of New York that inflation remains too high…
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Federal Reserve Reports Top 1% of Americans Becoming Richer
Highest income generators now hold 26.5 percent of total household net worth. The Federal Reserve released income data for the month of June in late September, tracking a…
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Social Security and SSI to Increase Only 3.2% Next Year
The cost of living increase significantly less than the previous fiscal year. Social Security will increase their Supplemental Security Income (SSI) benefits by 3.2 percent for the 2024…
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President Meets with Company CEOs
The closed-door meeting covered the state of the economy and inflation. President Joe Biden held a closed-door meeting on Thursday with the leaders of prominent American companies, tapping…
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USPS Proposes Raising Stamp Prices to 68 Cents
Two-cent price hike to accommodate inflation would occur in January. The United States Postal Service (USPS) has proposed a two-cent price increase for first-class mail stamps, increasing their…
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White House Economic Advisor Cautiously Optimistic About Economy
He says he expects growth, barring “policy mistake” or “exogenous shock.” White House Council of Economic Advisors Chair Jared Bernstein recently expressed optimism about the U.S. economy, saying…
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Administration Decreases Offshore Oil Leases
Americans continue to experience higher energy prices. President Biden’s administration has reduced new offshore oil leases to their lowest levels ever, for the next five years. They cite…
Read MoreFederal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
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