(Money Metals News Service) Mike Maharrey opens the Midweek Memo with a sharp analogy: if the D.A.R.E. officer lectured against drugs and then left heroin and syringes on the desk, that would mirror Jerome Powell’s performance. The chair talked tough, lowered expectations for future easing, and still delivered another hit...
(Brett Rowland, The Center Square) President Donald Trump's global tariffs are under question as the U.S. Supreme Court hears one of the most significant economic cases in decades with wide-ranging implications for the president's foreign policy agenda and for businesses and consumers around the world.
Supreme Court justices challenged U.S....
(Thérèse Boudreaux, The Center Square) For the 14th time, U.S. Senate Democrats on Tuesday filibustered Republicans’ funding bill to reopen the government, guaranteeing that the ongoing shutdown, now on its 35th day, will be the longest in U.S. history.
The government has remained closed since Oct. 1, after Democratic senators...
(Luis Cornelio, Headline USA) The Black Lives Matter organization is reportedly under federal investigation over allegations its leaders defrauded donors out of $90 million, most of which came after George Floyd died in 2020.
The group, formally known as the Black Lives Matter Global Network Foundation Inc., or BLMGNF, has faced mounting...
(Brett Rowland, The Center Square) Economists told the U.S. Supreme Court that President Donald Trump's plan to reduce U.S. trade deficits will backfire, exacerbating the underlying issue the president used to justify the sweeping tariffs.
The economists filed a friend-of-the-court brief arguing that Trump's trade policies won't address the trade...
(Mike Maharrey, Money Metals News Service) The Federal Reserve kicked off its October meeting today (Tuesday, Oct. 28). The central bank is expected to cut interest rates another quarter percent and could announce a timetable to end balance sheet reduction.
But why?
A lot of the people clamoring for looser monetary policy...
(Mike Maharrey, Money Metals News Service) The Bureau of Labor Statistics finally managed to get the September CPI data together. The mainstream broadly characterized it as a good report.
It wasn’t.
But it was better than forecast, and in our world of politicized government data, that was good enough. As CNBC...
Senate Democrats have failed to return donations from Jeffrey Epstein even as they pressure the Trump administration to release files tied to the federal investigation into Epstein’s crimes.
(Mike Maharrey, Money Metals News Service) A former Federal Reserve advisor said the recent selloff in gold and silver wasn’t just nervous investors booking profits on oversold assets. She thinks it signals deeper structural rot in the financial system.
After peaking near $4,400 an ounce, gold was hammered lower, falling...