Did Fed Chair Powell Just Wink and Commit to More Rate Cuts?
Federal Reserve Chair Jerome Powell spoke in Jackson Hole, Wyoming, on Friday at the Challenges for Monetary Policy annual symposium.
Economy
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It’s Minus 58 Degrees Here Now, and Getting Colder
As most of the news about climate change now involves the spikes in world temperatures, there are still places where it is not unusual for the readings to be −50°F, or even much below…
Eurozone PMI Rises Slightly, but Trouble Remains
Research firm Markit has posted its monthly PMI for the eurozone. A slowing world economy was reflected in the numbers.
FOMC Minutes Contain Few Game-Changing Views
If the Federal Reserve’s Federal Open Market Committee decision on interest rates at the end of July wasn’t strong enough, there is another chance to evaluate the same data from that time all over…
CBO Boosts Federal Deficit Projection by $809 Billion
The Congressional Budget Office is projecting a 10-year budget deficit of $11.4 trillion through the end of 2029. The first $1 trillion annual deficit is forecast to come next year.
Defying Logic: Germany Sells 30-Year Bonds for Negative Yields
Explaining negative interest rates is arcane, almost as if it were medieval times and peasants were so desperate to protect their few coins they own from brigands and warlords that they were willing to…
Cherokee Nation Set to Exercise Right to Representation in Congress
New Cherokee Nation chief Chuck Hoskin Jr. plans to seat a member of the Nation in the U.S. House of Representatives. The tribe's right to a congressional representative is specified in an 1835 treaty.
Interest Rates to Remain Low Through 2020 Say Business Economists
The National Association of Business Economists released the results of its August survey Monday. Recession concerns have been pushed further out, but worry over federal fiscal policy has diminished.
US Corporations: Not Just for Shareholders Any More
The Business Roundtable has issued a new statement on the purpose of a corporation. Will mayhem ensue?
How Much Would the US Have to Pay for Greenland? Maybe Half a Trillion Dollars.
The Trump administration has repeated its interest in the purchase of Greenland. There is no way to set a price on Greenland without an official offer, but there are several ways to estimate one.
Argentina’s Chance of Default Soars
Credit rating agency Fitch believes that the financial and political unrest in Argentina has substantially increased the chance it will default on its sovereign debt.
August Consumer Sentiment Index Plunges on Recession Fears
The University of Michigan consumer sentiment index plunged by more than 6% month over month in August and is down more than 4% year over year. Consumers are worried about a possible recession.
WTO Reports Weakening Global Trade in Goods
The World Trade Organization does not see global trade reviving in 2019.
IRS Budget Cuts Cost $34 Billion in Lost US Tax Revenue
Cutting the U.S. IRS budget by more than $13 billion in the first decade of the 21st century resulted in more than $34 billion in lost tax revenue.
How Much the $7 Billion Fantasy Football Business Costs Other Employers
Employers are losing productivity to employees who participate in fantasy football leagues. How much is it costing them? Do employers care? Should they?