Fed Chairman Jerome Powell addressed the House Financial Services Committee, and his hints that interest rates may gradually be increased affected the financial markets.
Once Wall Street traders read beyond the headlines released early Wednesday morning by the Bureau of Labor Statistics, they reversed the early selloff and bid the market higher.
Under President Trump's proposed budget, the governemnt admits it can't end deficit spending, but will merely attempt to make those deficits smaller by increasing tax receipts owing to economic growth.
On the surface, the White House’s plan to rebuild America’s failing infrastructure looks like magic, and it relies heavily on the concept of “public-private partnerships” to fund the program.
The sell-off on Wall Street doesn't appear to warn of an impending recession. By nearly every measure, the economy appears to be strong and getting stronger.
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With Wall Street regaining its footing following the decline that started last Thursday, commentators in the mainstream media are still searching for the decline's cause.
Treasury Advisory Committee Says U.S. Must Borrow Trillions, Sending Stocks Down
Written by Bob Adelmann
When an obscure advisory committee announced last Wednesday that the U.S. Treasury would have to borrow billions to fund Trump’s tax reform program, the stock market pitched headlong into a selloff.
The opioid crisis and the welfare state are keeping workers from entering the job market, stifling the economic engine that is just now begining to fire on all cylinders.
The Conference Board’s January survey of consumer confidence came in at 125.4, beating December’s number and outperforming predictions of economic forecasters.
Legislation making its way through the Alabama legislature would exempt gold and silver from state taxes, thereby facilitating the use of precious metals in commerce while ending what supporters of the legislation say is unfair treatment of dealers and investors. The implications — even if unintended — could be huge, supporters say.
ExxonMobil Announces $35 Billion in New Investments in U.S. Thanks to Tax Reform
Written by Bob Adelmann
Tax reform and deregulation have unleashed an economic tsunami whose impact is impossible to estimate, such as that happening at ExxonMobil.