Fed Chair Powell Tells Congress Inflation Will Pass… In his regularly scheduled testimony, Powell reiterated that the current inflation is transitory and does not require monetary tightening. What ...
Week In Review – May 24 2021
Federal Reserve Minutes Spook the Markets… The Federal Reserve released the minutes from its April meeting. While the bankers appeared to take a balanced view of the economy, already-nervous investors ...
Week In Review – April 26 2021
Initial Jobless Claims Fall to 547,000… For the second consecutive week, less than 600,000 people filed for initial jobless benefits. What it means— Before the pandemic, the record high for initial ...
Week In Review – February 2302021
Texas Suffers a Deep Freeze That Pushes Energy Offline… The Lone Star State experienced historically low temperatures that brought some of the nation’s energy complex to a halt as refiners shut down ...
Week In Review – January 25 2021
Biden Takes Office… Joe Biden became the 46th president of the United States after a peaceful and quiet inauguration. What it means— There’s a new sheriff in town, and he’s determined to unwind ...