By Robert Romano The Federal Reserve on Sept. 20 held the federal funds rate steady at 5.25 percent to 5.5 percent amid inflation jumping in August to 3.7 percent annualized from 3.2 percent in July, stating that “[i]n determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into […]
By Robert Romano It is no mystery that the core demographics for the Democratic Party include single women, blacks and Hispanics. In 2020, Biden won unmarried women 63 percent to 36 percent over former President Donald Trump, blacks 87 percent to 12 percent and Latinos 65 percent […]
By Robert Romano Declining fertility in advanced economies is nothing new. Since birth control was approved by the Food and Drug Administration in 1960, at the same time more women were entering the labor force and attending higher education, amid higher inflation, greater unemployment and a weaker […]
By Rick Manning What is the state of the labor force in America on Labor Day 2023? It is transitioning. More and more employers who were previously embracing the work from home model are now demanding that employees come back to the office, and employees who like […]
By Robert Romano The national unemployment rate reported by the Bureau of Labor Statistics jumped from 3.5 percent to 3.8 percent in August as an additional 514,000 Americans said they could not find work in the Bureau’s household survey. Now 6.3 million Americans are said to be unemployed, the highest in more than […]
By Robert Romano As many as 23.3 million Americans were added to the Medicaid rolls since Feb. 2020 during the program’s continuous enrollment program passed by veto-proof margins in 2020 in the Families First Coronavirus Response Act — whereby nobody was reevaluated on the basis of income during and after the Covid […]
By Robert Romano The Federal Reserve is still placing a “significant probability of a recession occurring by the end of 2024,” according to the minutes of its July 25 to July 26 meeting of the Board of Governors that was released Aug. 16. “Respondents to the Open Market Desk’s Survey of Primary Dealers and Survey of Market Participants in July continued to […]
By Robert Romano Consumer inflation in the U.S. economy remained sticky in July as prices have climbed 3.2 percent the past twelve months, up from 3 percent in June, amid climbing oil prices and a weakening dollar, according to the latest data from the Bureau of Labor […]
By Robert Romano The national unemployment rate dipped to 3.5 percent in July, according to the latest data from the Bureau of Labor Statistics , once again hitting more than 50-year lows. It’s still peak employment as far as the eye can see. Even with the past two years’ high inflation dropping dramatically and disinflation usually correlating with […]
