Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Tag: Tertiary sector of the economy
US economy expanding?
The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”
US economy expanding?
RFK, Jr.: It’s Not Genetics, It’s Racial Capitalism
Black people were disproportionately impacted by the covid pandemic. The causes of the crisis were systemic, not genetic.
RFK, Jr.: It’s Not Genetics, It’s Racial Capitalism
Disclaimer: The views expressed herein are solely those of the author and may or may not reflect those of Ms. Cat’s Chronicles.
The Military Recruiting Crisis: Even Veterans Don’t Want Their Families to Join
Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away
The Military Recruiting Crisis: Even Veterans Don’t Want Their Families to Join
Ms. Cat’s Chronicles 