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The public and political rhetoric around the debt ceiling standoff contains statements that are not fully accurate or well understood. Many of the more disconcerting assertions are made to pressure Congress to increase the debt limit without conditions for spending...
As expected, the Fed raised the Fed funds rate by ¼% to a 5.00% to 5.25% target range this past week and signaled that this rate hike is likely to be its last – unless…. Its announcement dropped previous language that “some additional policy firming may be...
The U.S. economy grew at an annual rate of 1.1% in the first quarter of 2023 which was slower than expected, reflecting lower business investment in new plant, equipment and inventories. Stock markets responded positively to this news and closed up for the week. Q1...