Industrial production in the United States hit a record in May, but signs of a coming economic slowdown emerged in the report released by the Federal Reserve on…
INSIGHTS AND RESOURCES
The Federal Reserve’s changes to short-term interest rates will affect the stock of money, which directly determines the direction of the real economy.
There were 229,000 new jobless claims for the week ending June 11, down slightly from an upwardly revised 232,000 in the prior week.
The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term.
Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday.
The report adds pressure on the Federal Reserve, which is considering more aggressive measures to tame inflation.
Friendly doctor transactions that shift beneficial ownership in a practice entity to a management company often cause the management company to be the practice entity’s owner for federal tax purposes.
Inflation continued to broaden out across the American economy in May, rising by 8.6% annually and underscoring the urgency among central bankers to restore price stability through an increase in the federal funds rate and a drawdown in its $8.9 trillion balance sheet.
The headline consumer sentiment index from the University of Michigan dropped to 50.2, the lowest on record.
The embargo on Russian energy supplies poses serious long-term challenges for the European Union.