The Fed’s upbeat verbiage about “resilience” will perhaps make Americans feel a little bit warmer and fuzzier when interest rates are hiked yet again.
a housing recovery could be a green light for the Federal Reserve to resume raising interest rates
. An even clearer sign that the Fed could hike again emerged in the minutes from the Fed’s June meeting, which were released today. Even though rate hikes have paused for now, most Fed officialsThough the voting members of the Federal Open Market Committee agreed to keep the range steady between 5 percent and 5.25 percent, the minutes revealed that several nonvoting officials wereThe buzzwords of the daywhich appear throughout minutes.
against his political rivals in the 2024 presidential election. This suits Biden, who will have no problem dishonestly claiming that he saved the economy from rival Donald Trump, even though the economic collapse at the end of Trump’s presidency was entirely due to the coronavirus and the lockdowns. The Democrats are also fond of trying to turn weaknesses into perceived strengths .
President Joe Biden delivers remarks on the economy on June 28, 2023, at the Old Post Office in Chicago. , which was conducted between June 22 through 26, shows that the economy remains one of the weakest parts of Biden’s agenda. Only 30 percent of respondents see the economy as good, while 69 percent see it as poor. It is unclear how many see it as “resilient.”of Biden’s management of the economy as approve of it.
Still, the timing could be good for Zuckerberg, as social media users across the ideological spectrum like the idea of
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