By Robert Romano Non-seasonally adjusted unemployment continued claims have steadily increased by 755,000 since Oct. 2022 , the latest data from the U.S. Department of Labor shows, amid a smattering of layoffs in certain sectors as labor markets continue to show signs they have no further room for expansion amid […]

By Robert Romano Consumer inflation remains elevated 6.4 percent over the past 12 months, with a 0.5 percent increase in January, according to the latest data from the U.S. Bureau of Labor Statistics. Food was up 0.5 percent—and 10.1 percent for the past year. Energy was up 2 percent, […]

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By Robert Romano “President Biden’s failure to submit his budget to Congress by the deadline for the third year in a row, along with my Democrat colleagues’ inability to even pass a budget out of committee for the last two years, reinforces a resounding message that fiscal […]

By Robert Romano The Federal Reserve has once again hiked the federal funds rate that it controls in its Feb. 1 meeting of the Board of Governors, now reaching 4.5 to 4.75 percent, as consumer and producer inflation, which remains elevated, continues to cool off its highs in 2022. […]

By Robert Romano After accommodating the greatest monetary expansion in American history during Covid production slowdowns, lockdowns and temporary pandemic unemployment the American people found themselves in 2020, in which the Federal Reserve set interest rates to near-zero and the M2 money supply increased by about $6 trillion, the past year, […]

By Robert Romano Last week, U.S. Treasury Secretary Janet Yellen warned Congress that the $31.4 trillion debt ceiling was coming due on Jan. 19 and that Congress had better act to increase or else, boy, would there be hell to pay. The sun rose on Jan. 19. […]

By Robert Romano President Joe Biden is insisting on a rubber stamp for increasing the debt ceiling from its current level of $31.4 trillion, which U.S. Treasury Secretary Janet Yellen is warning Congress will come due on Jan. 19 as so-called “extraordinary measures” to refinance the debt […]

By Robert Romano U.S. Treasury Secretary Janet Yellen has warned that the U.S. debt ceiling will come due on Jan. 19, as so-called “extraordinary measures” of refinancing the debt up to the current limit $31.4 trillion are reached, setting up a showdown in Congress as the newly elected […]

By Robert Romano Consumer inflation has fallen to 6.5 percent over the past 12 months as petroleum and gasoline prices continue declining according to the latest data published by the Bureau of Labor Statistics . In December, prices for all items actually declined 0.1 percent. Which is what usually happens in recessions after peak employment is reached. Consumers max […]