Recent reports illustrate a sobering reality for the U.S. economy: inflation is not only lingering, but its pulse is barely detectable. The latest figures from the Commerce Department reveal that the personal consumption expenditures price index—a barometer that the Federal Reserve closely monitors—shifted a meager 0.1% for the month of April. In a world where
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Elon Musk’s brief endeavor in government, serving in the Department of Government Efficiency under Donald Trump, raises eyebrows not only due to the individual’s unorthodox credentials but also because of the questionable priorities implied in such an appointment. Musk is known for his innovative spirit and significant contributions to technology via Tesla and SpaceX, but
In the murky waters of economic policy, the Federal Reserve finds itself facing a formidable dilemma fueled by tariffs and the persistent specter of inflation. The minutes from the recent Federal Open Market Committee (FOMC) meeting reveal a palpable tension among policymakers, oscillating between maintaining steady interest rates and the growing uncertainty surrounding fiscal and
The recent post from former President Donald Trump strikes at the intersection of sports, gender identity, and federal politics, leaving many to wonder about the lengths to which a leader might go to impose an ideological agenda. Trump’s declaration to potentially yank “large scale federal funding” from California if it does not adhere to his
House Speaker Mike Johnson recently celebrated what he dubbed the “big, beautiful bill,” labeling it as the “largest cut in spending in at least 30 years”—framing this monumental legislation as an economic boon that could lift American families out of financial strife. However, such exuberance feels more like a public relations stunt than an honest
In a fervent commencement address at West Point, Donald Trump crafted a narrative that intertwined military pride with an overt puffery of his own administration’s actions. The former president stood before budding officers dressed in their ceremonial uniforms, proclaiming them the heralds of America’s “golden age.” This framing of the graduates as the saviors of
In a landscape riddled with economic uncertainty, the recent threats of tariffs by former President Donald Trump have introduced a profound complexity into U.S. monetary policy. Austan Goolsbee, President of the Chicago Federal Reserve, articulated a cautious approach during a CNBC interview, suggesting that the Federal Reserve may hold back on interest rate changes due
As society grapples with economic realities, the ascendant narrative surrounding the U.S. penny has taken a decisive turn towards extinction. The recent announcement from the U.S. Treasury regarding the cessation of penny production marks not just a fiscal decision, but a significant cultural milestone in America’s relationship with money. The decision to halt minting pennies
In a shocking turn of events, the Department of Justice (DOJ) has unveiled a web of deceit and crime involving an Armenian organized crime ring that has allegedly pilfered over $83 million worth of goods from Amazon. This case isn’t just another incident of cargo theft; it highlights a growing epidemic that threatens not only
In a recent display of political maneuvering that reveals fissures within the Republican Party, President Donald Trump faced an uphill battle as he attempted to rally support for a pivotal tax bill. The bill, aimed at addressing the state and local tax (SALT) deductions, runs into a wall of resistance from a group of House