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Americans are expected to spend more on food through the rest of 2023 and into 2024 as prices continue to rise even as President Joe Biden touts his record on inflation and “Bidenomics.”
Americans are expected to spend more on food through the rest of 2023 and into 2024 as prices continue to rise even as President Joe Biden touts his record on inflation and “Bidenomics.”
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
 
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
 
Stephanie Brinson is an advanced practice registered nurse seeing thousands of patients a year, along with five other APRNs, in a Garner practice open seven days week.
Stephanie Brinson is an advanced practice registered nurse seeing thousands of patients a year, along with five other APRNs, in a Garner practice open seven days week.
 
Western Alliance stock plummeted and partially recovered on Thursday as news outlets published reports that the regional bank would consider a sale, a claim the firm denied.
Western Alliance stock plummeted and partially recovered on Thursday as news outlets published reports that the regional bank would consider a sale, a claim the firm denied.
 
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
 
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
 
President Joe Biden asserted on Friday that his administration has achieved significant “progress” with combating price levels, even as inflation rates remain between three times and four times higher than at the start of his term.
President Joe Biden asserted on Friday that his administration has achieved significant “progress” with combating price levels, even as inflation rates remain between three times and four times higher than at the start of his term.
 
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
 
As multiple banks implode, insurance deposit limit receives renewed scrutiny
As multiple banks implode, insurance deposit limit receives renewed scrutiny
 
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
 
Elon Musk rebuked the White House for announcing newly protected natural resources and touting efforts to fight climate change as the nation contends with a banking crisis.
Elon Musk rebuked the White House for announcing newly protected natural resources and touting efforts to fight climate change as the nation contends with a banking crisis.
 
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
 
Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
 
Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
 
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
 
Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
 
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
 
Environmental extremists want to regulate gas-fired stoves, heaters, water heaters, and other appliances out of existence
Environmental extremists want to regulate gas-fired stoves, heaters, water heaters, and other appliances out of existence
 
Americans are still feeling the pinch at the grocery store even with inflation slightly decreasing, and prices will likely still be high in 2023.
Americans are still feeling the pinch at the grocery store even with inflation slightly decreasing, and prices will likely still be high in 2023.
 
A new working paper published in the National Bureau of Economic Research shows that the link between Medicaid expansion and improved rates of adult mortality is not as clear as previous research has suggested.
A new working paper published in the National Bureau of Economic Research shows that the link between Medicaid expansion and improved rates of adult mortality is not as clear as previous research has suggested.
 
It seems like just a few days ago that The News & Observer (N&O) was running banner headlines and filing multiple stories about how bad power outages are for people.
It seems like just a few days ago that The News & Observer (N&O) was running banner headlines and filing multiple stories about how bad power outages are for people.
 
Some argue that minimum wage increases would create more wealth for those with the greatest need in North Carolina
Some argue that minimum wage increases would create more wealth for those with the greatest need in North Carolina
 
Tax credits for higher-income people buying expensive electric vehicles will be borne on the backs of the poor
 
Bank of America CEO Brian Moynihan is on the shortlist to succeed Treasury Secretary Janet Yellen, according to a report from Fox Business.
Bank of America CEO Brian Moynihan is on the shortlist to succeed Treasury Secretary Janet Yellen, according to a report from Fox Business.
 
My previous post discussed a critical omission from Emily Oster’s wish for a Covid “amnesty”: there’s no repentance, not even an apology.
My previous post discussed a critical omission from Emily Oster’s wish for a Covid “amnesty”: there’s no repentance, not even an apology.
 
My latest piece for the American Institute for Economic Research discusses a critical shortcoming in Emily Oster’s October 31 essay in The Atlantic calling for a “pandemic amnesty.”
My latest piece for the American Institute for Economic Research discusses a critical shortcoming in Emily Oster’s October 31 essay in The Atlantic calling for a “pandemic amnesty.”
 
As Putin's funding environmentalist groups against fracking and pipelines show
 
The American economy grew at a 2.6% annualized pace in the third quarter of 2022, according to an advance estimate from the Bureau of Economic Analysis released Thursday.
The American economy grew at a 2.6% annualized pace in the third quarter of 2022, according to an advance estimate from the Bureau of Economic Analysis released Thursday.
 
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
 
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