The recent Federal Reserve meeting in June revealed that while inflation is moving in the right direction, it is not doing so quickly enough for officials to consider lowering interest rates. The participants expressed their need for more favorable data to increase their confidence in the sustainability of inflation moving towards the targeted 2 percent.
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Tariff policy has been a significant point of discussion and contention in American politics, with both President Joe Biden and former President Donald Trump utilizing tariffs as a tool to protect domestic industries. While there are arguments in favor of tariffs as a means to foster economic growth, critics assert that they can result in
Boeing recently announced its plan to acquire Spirit AeroSystems in an all-stock deal aimed at enhancing safety and quality control within its operations. The acquisition, valued at $8.3 billion including Spirit’s debt, is a strategic move by Boeing to align its production systems and workforces with those of Spirit AeroSystems, whose operations include manufacturing fuselages
The United States is facing a significant challenge in meeting its renewable energy goals, particularly when it comes to wind power. With ambitious targets set by the Biden administration to generate 30,000 megawatts of wind power within the next five and a half years, the nation is falling behind its European counterparts. The need for
In the wake of President Joe Biden’s lackluster performance in the recent debate against former President Donald Trump, former Presidents Barack Obama and Bill Clinton stepped in to try and do some damage control. Obama took to social media to reassure the public that “bad debate nights happen,” while emphasizing that the upcoming election is
The latest economic data released by the Federal Reserve has raised concerns as it showed that inflation during May had slowed down to its lowest annual rate in over three years. The core personal consumption expenditures price index only increased by a meager 0.1% for the month, with a year-over-year increase of 2.6%, down by
The upcoming release of the personal consumption expenditures (PCE) price index by the Commerce Department is anticipated to bring positive news regarding inflation. It is projected that the inflation measure will show little to no monthly increase for May, which would be the first time since November 2023. Of particular importance is the core PCE
Rep. Lauren Boebert, R-Colo., recently secured victory in the GOP primary, positioning herself as a frontrunner in the upcoming general election. Boebert’s decision to shift to a different district paid off as she defeated five other Republicans, paving the way for a potential win in Colorado’s 4th District. This strategic move came after narrowly clinching
General Motors’ Cruise autonomous vehicle unit recently announced a change in leadership, with former Amazon and Microsoft executive Marc Whitten taking on the role of CEO. This comes at a pivotal moment for Cruise as they navigate the aftermath of an accident involving one of their autonomous vehicles. Whitten’s extensive experience in technology and business
The ongoing problems with the new Free Application for Federal Student Aid have had serious repercussions on the rate of completion by high school seniors. As of June 14, only 45% of the high school class of 2024 has managed to complete the FAFSA, marking a significant decline compared to the rates for the class