Fed’s 2% Inflation Target Already May Have Cracks
The Federal Reserve's new efforts of targeting inflation to get up to and above 2% in consumer prices might not even matter.
Economy
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CBO Forecasts Endlessly Rising Debt and Weaker GDP Out to 2050
The Congressional Budget Office publishes each year a nonpartisan long-term projection of what it expects will be seen in federal deficits, debt, spending, and revenues. The annual report looks out over a period of…
More Fed Data Point to Slowing Economic Recovery
The Chicago Fed National Activity Index declined in August, echoing the ongoing trend of a slowing economic recovery.
For People Worried About Climate Change, This Is the Best Place to Live in America
The effect that the environment has on the places people live in America has been in stark relief this month. But one tiny corner of America almost certainly will not be affected by climate…
This College Is at the Bottom of the List of America’s 800 Best Colleges
At the bottom of the latest Wall Street Journal list of America's best colleges is Youngstown State University. See how it compares with Harvard, which tops the list.
GDP and Election Implications as Consumer Spending and Consumer Sentiment Conflict
24/7 Wall St. has tracked Friday's reports, and there seems to be a slight divergence of what the consumer sentiment report looks like against actual consumer spending patterns.
US Consumer Sentiment Gains More Strength in September
According to the University of Michigan's preliminary September consumer sentiment survey, Americans are more upbeat about the U.S. economy, but the upcoming election and an approved COVID-19 vaccine remain as concerns.
This Is the Most Violent State in America
The United States appears to be getting safer overall, according to the FBI’s latest violent crime data. Yet the improvement was not uniform across all states.
FOMC Vote Shows Dissent Already Brewing Over Fed’s New Inflation Target
It is unusual for there to be dissent inside the Federal Reserve Open Market Committee this soon after the start of the worst recession in the modern era. While Jerome Powell and the FOMC…
2020 Riots On Track to Be Most Expensive Ever
The riots in dozens of U.S. cities so far this year are the most expensive on record.
US Poverty Rate Drops to 10.5% in 2019
The Census Bureau recently published its latest report on income and poverty in the United States. The U.S. poverty rate declined year over year in 2019, and most groups benefited. But inequality continues to…
Recession Will Hammer Spain, France, Italy the Hardest
Italy, France and Spain rely so much on tourism and the exports of discretionary purchase items that their economies may be ruined as much as in the Great Recession.
US Retail Sales Gains Still Slowing, Even Among E-Commerce Stores
The Census Bureau's advance report on August retail sales indicates the U.S. economy is going through a slow-motion recovery.
Is Global Economy Really Better Than It Once Seemed?
The global economy has been recovering more quickly than expected according to the latest economic outlook from the OECD. However, the recovery is tenuous and its sustainability relies on confidence that the pandemic is…
New Poverty Data Shows Rate in This State Is Nearly 20% and Here’s the Rate in All 50
While the official poverty rate was 10.5% last year, the level varies sharply from state to state. In Mississippi, the figure was 82% higher than the national average.