As the Federal Reserve continues to raise interest rates in an effort to cool the economy, the public is becoming increasingly weary of their efforts. Despite the central bank’s attempts to maintain stable prices, prices are still rising at a rate well above their 2% target. This has eroded some of the public’s trust in […]
Continue reading On Friday, the United States announced a series of sanctions against Russia, targeting key revenue-generating sectors and more than 200 people and entities. The sanctions are part of a coordinated effort with G7 partners and allies to increase pressure on President Putin, make it harder for him to wage his brutal war, and continue degrading […]
Continue reading On Friday, the Biden administration announced sweeping sanctions against Russia for its involvement in the war in Ukraine, one year after its brutal invasion of the country. The U.S. Department of Treasury, in coordination with allies in the Group of Seven (G7), imposed sanctions on at least 12 Russian banks and the country’s mining industry. […]
Continue reading One year ago today, Russia launched a full-scale invasion of Ukraine.[0] Tens of thousands of Ukrainians and Russians have died, and millions have been displaced.[1] Eight million Ukrainians have fled to Europe and Russia and another six million have been internally displaced.[2] Ukraine’s economy is in shambles, with its infrastructure and environment severely damaged.[2] Despite […]
Continue reading The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose 0.6% in January and 5.4% from last year.[0] When removing the more volatile components of food and energy, prices were up 0.6% compared to the month prior and 4.7% when compared to the same month in the previous year.[1] The […]
Continue reading The US Bureau of Economic Analysis released the Core Personal Consumption Expenditures (PCE) Price Index data on Friday, February 24th, which came in higher than expected, indicating that inflation is on the rise in the US. The Federal Reserve’s preferred measure of inflation showed a 5.4% year-over-year increase in January, up from 5.3% in December. […]
Continue reading The United States has raised concerns that China may be supplying lethal military aid to Russia for use in Ukraine, an accusation denied by Beijing.[0] In an interview with NBC News’ “Meet the Press” on Sunday, Secretary of State Antony Blinken indicated that there are multiple varieties of lethal aid that they are considering offering, […]
Continue reading It’s been a tumultuous year for the U.S. housing market. According to a report from real estate brokerage firm Redfin, the total value of U.S. homes tumbled from a record high of $47.7 trillion in June 2022 to $45.3 trillion at the end of the year — a decline of $2.3 trillion, or 4.9%.[0] This […]
Continue reading US Treasury Secretary Janet L Yellen on Thursday said the US would provide around $10 billion in additional economic support for Ukraine in the coming months.[0] Speaking at a press conference in Bengaluru, India, before the first G20 meeting under the Indian Presidency, Yellen said the US and its allies were supporting the Ukrainian people’s […]
Continue reading Tampa Bay Area Claims No. 1 Spot for Highest Inflation in the US Thursday, February 16, 2023 at 8:46 pm ET Thu, Feb 16th, 2023 – 9:33 Tampa Bay has been ranked the highest in the nation for inflation, according to a recent report by WalletHub.[0] With an inflation rate of 8.9%, Tampa Bay beat […]
Continue reading