By Robert Romano Interest rates on the $30 trillion national debt are rising much faster than expected this year, according to the latest data from the U.S. Treasury. 10-year treasuries are up to about 3.2 percent in 2022 so far as bond markets continue responding to the recent bout […]
By Robert Romano The Federal Reserve on June 15 once again hiked the Federal Funds Rate — the rate at which the central bank lends to financial institutions — up another 0.75 percent to 1.5 percent to 1.75 percent, following 0.25 percent and 0.5 percent rate hikes at its March and May meetings. That came after the […]
By Robert Romano Last month, the U.S. Department of Agriculture (USDA) reported that U.S. winter wheat production will be down 8 percent in 2022, from 1.28 billion bushels in 2021 to 1.17 billion bushels expected this year amid drought in Kansas and other areas plus lower yields. Adding to the misery, planting for spring wheat […]
By Robert Romano 16-64-year-olds have almost fully returned to U.S. labor markets after the Covid pandemic, the latest data from the Bureau of Labor Statistics shows . In Feb. 2020, right before the Covid pandemic would shut down the global economy for several months, labor participation among 16-to-64-year-olds was 74.4 percent. By April 2020, when more than […]
By Robert Romano U.S. Rep. Chip Roy (R-Texas) has introduced legislation, the “No ESG at TSP Act” that would block the $762 billion federal employee retirement plan from making any investments in funds that utilize Environmental, Social and Governance (ESG) factors to restrict capital flows to oil and gas development in the […]
