The Federal Reserve is hiking the federal funds rate multiple times in 2022 in an attempt to depress 40-year-high inflation. The move is meant to reverse easy monetary policies put in place at the start of the pandemic. From March 15, 2020, to March 16, 2022, the Fed’s target interest rate was set to “near…

As Russia continues its invasion of Ukraine, world leaders have pushed back to punish Russia. President Biden announced Friday he is working with European Union and G-7 leaders to remove Russia from having Permanent Normal Trade Relations or Most Favored Nation status. “Revoking PNTR for Russia is going to make it harder for Russia to…

President Joe Biden has signed an executive order directing the Treasury Department to study the impact of cryptocurrency on financial stability and national security. The order also urges the Federal Reserve to explore whether the central bank should create its own digital currency. According to a White House fact sheet on the order, it outlines “the…

President Joe Biden announced a ban on Russian oil imports in response to Russia’s invasion of Ukraine. In a Tuesday speech, President Biden said the goal of the ban is to target “the main artery of Russia’s economy” and “deal another powerful blow to Putin’s war machine.” “This is a move that has strong bipartisan…

If you thought that January was as bad as it could get for your stock portfolio, I suggest you prepare yourself. Because it may just be the beginning of a long and painful market correction we’re about to see. I’m not here to tell you how to invest your money or to tell you where…

Russia’s ongoing invasion of Ukraine is now in its second week. The rage that swept the Western world — particularly acute in Europe — has not abated, with all talk about how to punish Moscow more thoroughly. New sanctions are under discussion. Goals range from gutting Russia’s oligarchic class to starving the Kremlin of income…

According to the latest numbers from the Johns Hopkins Coronavirus Resource Center, the worldwide death toll from COVID-19 has eclipsed 6 million. Monday’s numbers also show there have been more than 446 million COVID-19 cases worldwide and more than 10 billion vaccine doses administered. “If you set aside the number of confirmed COVID-19 deaths, 6…

According to the Labor Department’s February jobs report, the United States added 678,000 jobs last month. That number is well above the roughly 400,000 jobs many analysts had been predicting. “We now have recovered more than 90 percent of the jobs lost at the onset of the pandemic,” Secretary of Labor Marty Walsh said in a…

As the United States struggles to get its worst inflation in four decades under control, the Federal Reserve is eyeing interest rate hikes. But, the Fed remains essentially paralyzed by vacancies at the top. President Biden’s nominees are making matters more complicated, because he’s nominating people whose visions for America would lead to economic catastrophe.…

Russia’s economy is already buckling under crippling Western sanctions over its invasion of Ukraine. On top of those losses, the country is facing cancel culture, with a staggering number of businesses and industries waging their own economic war. Here are five of them in this week’s Five For Friday. #5: Harley-Davidson Harley-Davidson is suspending business…