federal reserve

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 trillion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …

Corporate profits hit record high in third quarter amid 40-year high inflation Read More »

The impact of monetary tightening on mortgage rates

The impact of monetary tightening on mortgage rates

Data: Organization for Economic Co-operation and Development; Graphic: Axios Visuals As central banks around the world rapidly raise interest rates, policymakers outside the United States may find that it has more leverage in terms of demand reduction. The reason comes down to the unique way Americans finance their homes. Why is this important: Americans tend …

The impact of monetary tightening on mortgage rates Read More »

The US economy is at the mercy of Jerome Powell and Janet Yellen

The US economy is at the mercy of Jerome Powell and Janet Yellen

As Americans struggle to pay their bills amid soaring inflation, the institutions we rely on to bring the economy back to stability are engaged in a covert power struggle that only worsens the impending crisis. Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen are locked in a tug of war over interest rates, …

The US economy is at the mercy of Jerome Powell and Janet Yellen Read More »