Posts tagged 'Economy'

Fed Chairman Powell Commits to Ongoing Interest Rate Hikes

Fed Chairman Powell Commits to Ongoing Interest Rate Hikes

December 2, 2022
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Fed Chairman Jerome Powell spoke on Fiscal and Monetary Policy about the economic outlook, inflation, and the labor market.
Congress to Intervene in Railroad Strike Negotiations

Congress to Intervene in Railroad Strike Negotiations

December 1, 2022
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President Biden released a statement calling on Congress to immediately pass legislation to adopt the Tentative Agreement between workers and operators.
Metals Minute165: Best Month Since 2020

Metals Minute 165: Best Month Since 2020

November 30, 2022
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Central banks have been purchasing gold at a rate not seen since 1967, when the US Dollar still had some official gold backing.
Changes 401K Rules to  Favor Environmental, Social Funds

Biden Administration Changes 401K Rules to Favor Environmental, Social, and Governance Funds

November 30, 2022
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Fiduciaries can now use non-pecuniary factors to make investment decisions to support environmental and social objectives instead of financial outcomes.
President Biden Asks Congress For $500M of Emergency Funding for Strategic Petroleum Reserve

President Biden Asks Congress For $500M of Emergency Funding for Strategic Petroleum Reserve

November 18, 2022
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Oilprice.com reported that President Biden asked Congress for $500 million to modernize the strategic petroleum reserve (SPR).
New York Fed Begins 12-Week CBDC Settlement Pilot Test

New York Fed Begins 12-Week CBDC Settlement Pilot Test

November 16, 2022
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The Federal Reserve of New York announced the commencement of a 12-week pilot proof-of-concept CBDC called Regulated Liability Network (RLN).
Metals Minute 163: Gold Rocketing Higher

Metals Minute 163: Gold Rocketing Higher

November 16, 2022
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Gold is having one of its best weekly runs since March, up 4% since a week ago to $1,788, after being up 3% last week.
Amazon Joins Long List of Massive Tech Layoffs

Amazon Joins Long List of Massive Tech Layoffs

November 15, 2022
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The Fed may be preparing to take a victory lap as people become unemployed. The intended purpose of raising interest rates is to destroy aggregate demand.
Fed’s Waller Says Market Overreacted to Inflation Data

Fed’s Waller Says Market Overreacted to Inflation Data

November 14, 2022
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Last week, the monthly inflation data came in “cold” at 7.7%. The term cold refers to less than the expected 7.9%.
Will H.R. 9157 Put America Back on the Gold Standard?

Will H.R. 9157 Put America Back on the Gold Standard?

November 10, 2022
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On October 7, 2022, West Virginia Representative Alexander Mooney [R] submitted bill H.R. 9157 to the House Committee on Financial Services.