economic recession

Majority of Americans wrongly believe US is in recession – and most blame Biden

The current economic landscape in the United States is tumultuous, to say the least. While the technical definitions may indicate that we are not in a recession, the reality for the majority of Americans paints a very different picture. Prices are on the rise, wages are stagnant, and basic necessities like housing and groceries are becoming increasingly unaffordable. The disconnect between official economic indicators and the lived experiences of ordinary citizens is stark and concerning.

Corporate greed is at the heart of this issue. While the stock market may be thriving, it is evident that the benefits of this prosperity are not trickling down to the average person.… Continue reading

Federal Reserve signals that interest rate cuts aren’t imminent

As a casual observer of the financial world, I have been closely following the recent signals from the Federal Reserve regarding interest rate cuts. It seems that many people were anticipating a decrease in rates due to the previous hike, but I believe this assumption was unfounded. The Fed is not going to lower rates just because businesses are dissatisfied; they will do so if they see a need based on the overall state of the economy.

Currently, the economy is still growing, consumers are spending, and unemployment remains low. Despite the interest rate being at 5% or higher, there haven’t been any significant negative effects on the economy.… Continue reading