% Firms Expecting Economic Improvement in the Next 6 Months Real Investment Advice The Fed tightened its administered Federal Funds Rate (the rate banks pay to borrow reserves) by 75 basis points (bps) (0.75 pct. points) to 1.50%-1.75%, a rate hike not seen since 1994. The issue here is that, for the first time in...Read More
SPARTANBURG COUNTY, S.C. (FOX Carolina) – The Spartanburg County Sheriff’s Office said deputies are investigating a shooting that injured one person on Saturday. Deputies said they responded to the Dollar General on S. Church Street Extension after the incident was reported. According to deputies, the victim was leaving the store and getting into his vehicle...Read More
Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of...Read More
Placeholder while article actions load The United States and its allies are making preparations for a prolonged conflict in Ukraine, officials said, as the Biden administration attempts to deny Russia victory by surging military aid to Kyiv while scrambling to ease the war’s destabilizing effects on world hunger and the global economy. President Biden’s announcement...Read More
MONTGOMERY CO., Kan. (WIBW) – Governor Laura Kelly has celebrated new beginnings and the state’s economy with a tour of several locally-owned businesses in Southeast Kansas. Kansas Governor Laura Kelly says on Friday, June 17, she celebrated new beginnings for rural economic development during a several-stop tour to Southeast Kansas. First, Gov. Kelly said she...Read More
With so many of us barely getting by amid soaring inflation rates, an ongoing pandemic and anxieties over another recession, we’re all but desperate to save money on one of our most essential needs: food. Find: 10 Things You Should Always Buy at Walmart Discover: Surprising Things You Can Buy With Food Stamps Grocery food...Read More
The geopolitical reordering of the world cannot simply be achieved through war or challenging the West’s political influence in its various global domains. The economic component is possibly the most significant of the ongoing tug of war between Russia and its western detractors. Prior to the Russia-Ukraine war, any conversation on the need to challenge...Read More
You don’t need to look far to see that the economy is going to hell. So it should come as no surprise that the stock market, which plunged into a bear market earlier this week, fell sharply again Thursday. The problem is that investors are like my tween daughter, wanting two contradictory things at the...Read More
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. Elizabeth Frantz |...Read More
US retreats after FOMC mega-hike The US dollar gave back some recent gains overnight post-FOMC as Powell’s comments post-meeting were interpreted as implying a less aggressive scale of rate hikes. To me, that is a flawed interpretation, as the FOMC signalled a higher terminal rate and lifted its end-of-2022 target rate as well. Even...Read More
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