(Mike Maharrey, Money Metals Exchange) At its December meeting, the Federal Reserve effectively declared victory over inflation. They didn’t didn’t use those words, but that was the signal given by the policy trajectory laid out by the FOMC.
Is this victory dance premature?
Financial analyst Jim Grant thinks so.
In an interview...
(Deroy Murdock, Headline USA) President Joe Biden’s Commerce Department proposed on Dec. 7 a mechanism to invoke the so-called “march-in” clause of 1980’s bipartisan Bayh--Dole Act.
This would empower Uncle Sam to capture and control patents fully or partially funded with federal research grants, if bureaucrats disliked the prices or rollout speeds of their ensuing...
(Mike Gleason, Money Metals Exchange) As inflation comes in hotter than expected and the federal deficit comes in higher than ever, investors face rising risks in financial markets.
On Thursday, the Labor Department reported that the Consumer Price Index for December rose by 0.3%. That was a bigger increase than...
(Mike Maharrey, Money Metals Exchange) The Consumer Price Index for December came in hotter than expected but it’s a lot lower than it was a year ago. That means inflation is decreasing, right?
Not so fast.
It’s important to understand that the term “inflation” as bandied about by government people and...
(Mike Maharrey, Money Metals Exchange) Just one quarter into fiscal 2024, the federal government has already run a budget deficit of over half a trillion dollars.
The December budget shortfall came in at $129.37 billion, according to the latest Monthly Treasury Statement. That drove the 2024 deficit to $509.94 billion....
(Headline USA) The Federal Aviation Administration will begin auditing Boeing's aircraft production and increase oversight of the troubled manufacturer after a panel blew off a jetliner in midflight last week, the last in a string of mishaps for its marquee aircraft.
The agency's move comes just a day after it announced an investigation...
(Luis Cornelio, Headline USA) The Biden-led Environmental Protection Agency failed to accurately disclose its taxpayer-funded grants in fiscal year 2022, raising concern about transparency on its spending, a scathing report found.
First reported by the Daily Caller on Thursday, the EPA's Office of the Inspector General exposed the Biden agency's failure...
(Headline USA) Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday.
The Justice Department charged eBay with stalking, witness tampering and...
(Casey Harper, The Center Square) Consumer costs increased at an elevated level again in December, according to newly released federal economic data, raising new concerns about spiking inflation.
The U.S. Bureau of Labor Statistics on Thursday released the Consumer Price Index, a key marker of inflation, showing the cost of a...
(Mike Maharrey, Money Metals Exchange) There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020.
Higher interest rates and massive levels of corporate debt drove the flurry of business failures last year.
There were 642 corporate bankruptcy filings in the U.S. in 2023, according to S&P...
(Mike Maharrey, Money Metals Exchange) No matter what you read about the December Consumer Price Index (CPI) data, you should keep one important fact top of mind: every number is far above the Federal Reserve's 2 percent target.
Given that fact, it would seem the death of price inflation seems...
(Headline USA) The Biden administration confirmed this week that it has launched an investigation into Rumble, a free speech video platform that has rejected Big Tech censorship.
The Securities and Exchange Commission told leftist magazine Wired on Monday that it does have an active probe into Rumble, though it would not...