The Federal Open Market Committee voted to lower rates by 25 bps at the September meeting, citing “that downside risks to employment have risen.” I reported in...
The number of unemployed Americans now outnumbers available job openings. Data from July show 7.24 million unemployed Americans compared to 7.18 million job...
The U.S. economy did post a headline-grabbing 3.3% gain in Q2, but that figure is misleading. It’s driven largely by the collapse in imports—not by true...
The Federal Reserve Bank of New York released a troubling quarterly statement as the total household debt in the US increased by $185 billion in the past three...
The consumer price index (CPI) remained relatively steady at 2.7% in July on an annual basis, according to the Bureau of Labor Statistics’ monthly report, beating...
The Commerce Department’s Bureau of Economic Analysis (BEA) released its first estimate for US GDP in Q1, a 0.3% decline annually. The decline was mainly due...
Socrates has honed in on 2025 becoming a year of great stagflation in the United States. The Federal Reserve has finally admitted that the data is undeniable—the...
President Donald Trump is urging the Fed to cut interest rates to offset the inflation that will be caused by tariffs. “The Fed would be MUCH better off CUTTING...
Tariffs are on, tariffs are off, tariffs are delayed—the confusion surrounding world trade has Americans on edge. The University of Michigan’s sentiment...
Nine of the 12 Federal Reserve districts reported a decline in economic activity in August, up five districts from the July Beige Book report. Our system has warned...
