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: US Economy
Baltimore Bridge Fallout to Extend Coast-to-Coast in Cargo Shift
The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami.
Baltimore Bridge Fallout to Extend Coast-to-Coast in Cargo Shift
The alarming news progressive groups delivered to the White House
Earlier this fall, President Joe Biden’s top aides met a pair of progressives who had arrived in the West Wing with reams of data and a private warning: “Bidenomics” wasn’t breaking through.
The alarming news progressive groups delivered to the White House
US Economy is Doing Great! /s
50,000 retail stores would close out of the current base of 940,000 stores in the U.S. by 2027.
US Sees Massive Retail Closures Amid Negative Economic Trends
Reports Expose US Billionaires and Corporate Profiteers Enabling Israel’s War on Gaza
“As the Biden administration attempts to deny the death toll of Israel’s campaign of mass murder in Gaza and sell genocide as a stimulus for the U.S. economy, these are the death merchants profiting from the war machine.”
Reports Expose US Billionaires and Corporate Profiteers Enabling Israel’s War on Gaza
H/T: Unorthodox Truth
[2016] Q&A with Spider Web: The Birth of American Anticommunism author Nick Fischer
Nick Fischer is Adjunct Research Fellow of the School of Philosophical, Historical and International Studies at Monash University, Melbourne. He answered some questions about his book Spider Web: The Birth of American Anticommunism.
Q&A with Spider Web author Nick Fischer (archived)
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?
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”
“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”
Related:
Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)
And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.
U.S. Economy Is SINKING: RECORD Numbers of Americans Work 2 Full Time Jobs As Delinquencies RISE
Sidelined on UAW strikes, Biden White House talks economic aid
WASHINGTON, Sept 19 (Reuters) – As the UAW strike enters its fifth day, the Biden administration is hobbled by a lack of legal authority to steer the talks and difficulty in figuring out UAW President Shawn Fain’s negotiating strategy and leadership style, three sources said.
Sidelined on UAW strikes, Biden White House talks economic aid
Ms. Cat’s Chronicles 
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