Federal Reserve’s Rate Increases: Too Little Too Late?
The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally realized that price inflation is more persistent and widespread than the Fed initially...
Big Government Spending Pushes Budget Back into Deficit Mode
After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to deficit spending in May. The budget deficit was $66.22 billion last month, according to the latest Treasury statement. That raises the current...
More of the Status Quo: Borrow, Spend and Run Big Deficits
The federal government ran a $192.68 billion deficit in March, according to the latest Treasury statement. Somehow, this is supposed to be good news. Bloomberg looked at this latest Treasury statement and came up with this headline: US Budget Gap Shrinks by More Than...