The most striking thing about President Biden announcing a special White House council on supply chains is that it took until this Monday to happen.
Federal Reserve Governor Michelle Bowman said on Tuesday that she expects the central bank will have to hike rates further to bring inflation down to its two percent target. “My baseline economic outlook continues to expect that we will need to i…
Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year. Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]
The recent decline in mortgage rates is luring buyers back into the market, data on mortgage applications indicated Wednesday. Applications for home loans increased three percent last week compared with the previous week, the Mortgage Bankers Associati…
Federal regulators have issued Wells Fargo formal orders demanding they get better at catching customers who misuse their services for criminal acts, as the bank faces a lawsuit alleging they allowed a $460 million Ponzi scheme to operate.
In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the nation’s economy. Adrian Day: Recession Looms Like an Oncoming Train On November 8, 2023, Adrian Day the founder and […]
Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted the central bank is “not confident” its restrictive policies have sufficed. Federal Reserve Chair Admits […]
The Federal Reserve attempts to silence criticism of its FedNow service, highlighting the clash between centralized control and decentralized freedom in the financial world.
Fed officials are likely to see the October jobs numbers as justifying a decision not to raise their interest rate target at their December meeting.
According to Bitcoin Magazine, a media outlet dedicated to bitcoin news launched in 2012, representatives, including legal counsel, from the U.S. Federal Reserve have expressed concerns regarding the publication’s satirical Fednow merchandise. The Fed’s representatives assert that the parodied items, which bear the name, infringe upon its Fednow image and trademarks. Federal Reserve Challenges Bitcoin […]