Election 2020

Newswires RSS Get our newsletter

Stagflation is now America's best-case scenario

Newswires No comments.

BY BILL DUDLEY Don't expect the Federal Reserve to rescue the US economy from the epic tariffs the Trump administration has imposed on imports from most of the world. People will cut back on spending as they adjust to what amounts to a tax hike of $600 billion or more. This will happen even if Congress offsets the tariffs with tax cuts elsewhere- because there will…

Read more

Baltimore, Maryland- After a one-week trial, a federal jury found Nichelle Henson, age 38, of Baltimore, Maryland, guilty of making false statements and for bank fraud in connection with fraudulent applications Henson filed to obtain Economic Injury Disaster Loans and Paycheck Protection Program loans in the names of multiple purported businesses that she…

The stock market seems to be taking uncertainty in stride. Neither economic concerns over the impact of tariffs nor the political concerns have so far dented enthusiasm for American stocks. Chicken money belongs in FDIC- insured banks, in money market deposit accounts orCDswith maturities of less than two years.

WASHINGTON- The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the oncehigh inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week. The Fed had kept its rate that high for more than a year to fight the worst inflation streak in four decades.