Category: Macroeconomic

July 15, 2022

The US consumer remains strong as indicated by this morning’s release of US retail sales data for the month of June. That data point came in at 1% versus an expectation for .8%. And last month’s -.3% that caught so […]

July 14, 2022

Last December, when inflation was 6.8%, President Joe Biden reassured Americans that inflation had peaked – but, yesterday, the Bureau of Labor Statistic (BLS) reported prices rose 9.1% in June. The Consumer Price Index (CPI), which is an indicator of […]

July 13, 2022

Small-bank executives overwhelmingly think the U.S. economy will fall into a recession by 2023. In an online survey conducted June 21-30, a whopping 96% of community bank leaders said they expect an economic decline to strike by the end of […]

June 30, 2022

Two years short of the target date for every NATO ally to devote at least two percent of its national GDP to defense, only nine of the 30 are currently doing so. But NATO Secretary-General Jens Stoltenberg said Wednesday the […]

June 28, 2022

Russia has defaulted on its sovereign debt for the first time in over a hundred years, due to sanctions that restrict their access to international banking systems. On May 27, Russia was due to pay approximately one hundred million dollars […]

June 20, 2022

“We are going to take action. We’re going to prioritize. We’re going to make clear that tackling inflation is our top economic priority,” said Brian Deese, one of President Biden’s top economic advisers, on Sunday. Deese appeared on several Sunday […]

June 14, 2022

Prices for shelter, gas and food all rose in May following an April decline, with overall inflation increasing rapidly past expectations, damping hopes that inflation had peaked and intensifying fears of a recession. Mason’s comments come on the heels of […]

May 23, 2022

Don’t say recession. Call it “transition,” Brian Deese, director of the White House National Economic Council, told “Fox News Sunday.” Host Martha MacCallum asked Deese if he agrees with those who say the United States is heading into recession in […]

May 11, 2022

President Joe Biden does not believe his $1.9 trillion COVID relief package, which was signed into law last year, played any role in the increase in inflation, White House Press Secretary Jen Psaki said Tuesday. Shortly after the president’s speech […]

May 6, 2022

The number of people working for government in the United States grew by 22,000 in April, according to the employment report released today by the Bureau of Labor Statistics. In March, there were 22,167,000 people employed by government in this […]

April 28, 2022

The U.S. economy hit the brakes and downshifted abruptly during the first three months of the year, marking a sharp turnaround from the robust 6.9% expansion recorded at the end of 2021. According to the Department of Commerce, first-quarter gross […]

April 8, 2022

Indexes extended their losses on Thursday as markets digested the latest Fed minutes, where Federal Reserve officials “generally agreed” to cut up to $95 billion a month from the central bank’s balance sheet to combat surging prices. In light of […]

March 31, 2022

When asked whether they would support President Joe Biden’s budget proposal for 2023, a couple of Democratic senators said that Biden’s budget plan reduces the deficit. At the Capitol on Wednesday, CNSNews.com asked the senators, “Biden’s budget proposal calls for […]

March 30, 2022

I have been writing for years about how progressive policies championed by the Democratic Party and served up under the guise of caring about low-income Americans wind up hurting these very communities. The latest chapter in this saga is the […]

March 23, 2022

“You can’t escape this inflation, because it is driven by things like energy prices, which flow into everything,” Business and Economics Professor Brian Brenberg at King’s College said Wednesday, when asked about “lunchflation.” In a Fox and Friends First interview, […]

March 17, 2022

The federal government ran a $2.7-trillion deficit in fiscal year 2021 and currently has a $475-billion deficit for fiscal year 2022. In addition, the national debt, as of Monday, was $30.19 trillion. Despite these numbers, some Republican senators believe that […]

March 8, 2022

During a campaign stop on Nov. 2, 2020, then-President Donald Trump touted the low gasoline prices of the time and warned that if Joe Biden became president, Americans would end up paying $7, $8, even $9 a gallon. Trump also […]

March 4, 2022

Non-farm payrolls added a whopping 678,000 jobs in February, well above the consensus estimate of 400,000; and the unemployment rate dropped two-tenths of a point to 3.8 percent, the lowest of Biden’s presidency, the U.S. Bureau of Labor statistics reported […]

February 10, 2022

The federal government collected a record $1,516,952,000,000 in total taxes through the first four months of fiscal 2022 (October through January), according to the Monthly Treasury Statement released today. The record $1,516,952,000,000 in federal tax collections included $824,571,000,000 in individual […]

February 8, 2022

The United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion, according to data released today by the Census […]