Federal Reserve

Opinion

Opinion: Inflation Fears are Justified, But There’s No Reason to Panic (Yet)

For three consecutive months, the Consumer Price Index has revealed above-average annual inflation rates not seen since 2008. Understandably, Americans are nervous. Prices are rising and the Federal Reserve was caught by surprise. Many of the same public officials who have, for years, insisted that inflation should be higher are now scrambling to assure Americans

Business

Wall Street snaps back following worst week since February

Stocks rebounded on Wall Street Monday, clawing back most of their sharp loss from last week, as the initial jolt passes from the Federal Reserve’s reminder that it will eventually offer less help for markets. The S&P 500 snapped 58.34 points higher, or 1.4%, to 4,224.79 and recovered nearly three-quarters of its worst weekly loss

Business

Gains for some tech giants nudge S&P to another record high

Technology companies helped lift stocks higher on Wall Street, nudging the S&P 500 to its third straight all-time high, even as other parts of the market faltered. A burst of buying in the final 10 minutes of trading sent the benchmark index 0.2% higher. The S&P 500 had been down 0.3% earlier amid another bout

Opinion

Opinion: The War on Retirement

The federal government appears to have declared war on retirement. Unlike other wars, this one isn’t only undeclared, it wasn’t even intended. But, intended or not, the federal government has taken a series of steps that have given us a war nonetheless. Ironically, this war began with Social Security in 1935. Rather than establishing a

Opinion

Opinion: The Dangers of Central Banking and Deficits

It’s an election-winning formula that’s worked in the short term for politicians of both parties, critics note. Lots of spending and cheap money. As President Joe Biden runs huge deficits some wonder if the economy will eventually self-destruct. Popular economic policies, critics say, often seem successful in the short run but eventually turn toxic. And

COVID-19

Fight over Fed powers stalls $900 billion aid plan

An arcane battle over emergency Federal Reserve powers foiled efforts on Saturday to lock down an agreement on an almost $1 trillion COVID-19 economic relief package. The deadlock was just the latest stumble in a partisan, months-long fight over pandemic relief and the lack of progress is backing lawmakers once again up against a government

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