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Fed Hikes Rates by 75 Basis Points

The Federal Reserve announced Wednesday it would hike interest rates this month at the fastest pace in nearly 30 years after a discouraging May surge in inflation. The Federal Open Market Committee (FOMC), the panel…

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Wall Street Panics as Stock Market Plunges Into…

A plethora of poor economic news caused a massive stock market selloff on Monday morning. Within an hour and a half of trading, the Dow Jones Industrial Average fell over 2.5%, the S&P 500 fell over 3.5%, and the…

Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

House Republican Introduce New Bill to Block Biden…

Rep. Scott DesJarlais, R-Tenn., is set to introduce a bill that will aim to block President Biden’s student loan forgiveness plan. "There's a lot of people out there that took out loans and, you know, maybe…

Energy Expert Says Inflation Has Not Peaked, Expect…

Oil Associates President Andy Lipow argued that inflation has not yet peaked and that higher oil prices are expected following the European Union’s decision to ban the overwhelming majority of Russian imports. Lipow made the arguments…

Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

Former Fed President Reveals the ‘Big Mistake’ That…

Former President and CEO of the Federal Reserve Bank of Philadelphia Charles Plosser revealed on Thursday who he believes is responsible for the inflation "crisis" as price hikes sit near 40-year highs. Speaking on "Cavuto: Coast to…

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Record Setting Gas Prices Refuse to Hinder Memorial…

In what is expected to be a return to pre-pandemic travel volume, people are saying they want to travel this Memorial Day weekend despite record-high gas prices. Heading into the holiday weekend, gas prices are $1.50 higher than they…

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Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

Report: Biden Admin. Mulling Tapping Federal Diesel Reserve…

The Biden administration is reportedly considering tapping the nation's federal diesel reserve to help alleviate the growing energy shortage. “The team has prepared emergency declarations for President authorize release from the Northeast Home Heating Oil…

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Households are Spending $5,000 a Year or More…

U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research. In March, the annual rate of gasoline spending was at $3,800, Yardeni…