🌎 Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[Lily Adler]

 

[blueharvest]

 

[Lily Adler]

 

[MagnarTheGreat]

Why FTC chair Lina Khan is one of Fast Company’s 10 most innovative people of the last 10 years​

Lina Khan, chair of the Federal Trade Commission, draws both fire and praise for her view that the harms induced by antitrust behavior can go beyond consumer prices.

 

[blueharvest]

Tammy Baldwin: 'Greedflation' is driving prices higher. I wrote a bill to stop gouging.

We invited U.S. Senate candidate Tammy Baldwin to write a 1,000 word essay outlining how she'd address inflation if re-elected. Here's what she said.

www.jsonline.com

 

[MagnarTheGreat]

Household income booms, proving economic recovery under Biden-Harris

The U.S. Census Bureau reported on Tuesday that median income for U.S. households increased in 2023, returning to pre-pandemic levels. The agency said that the median income level is now at $80,610, up 4% from 2022 for the first increase since 2019....

www.dailykos.com

 

[blueharvest]

Real median household income rose sharply in 2023—a testament to the strength of the economic recovery

Today’s Census Bureau data on earnings, income, and poverty in 2023 confirmed many of the predictions made in our preview last week. The strong labor market and falling inflation translated into increases in real median household income and decreases in the official poverty rate. Real...

www.epi.org

 

[MagnarTheGreat]

Inflation Extends Cooling Streak to Hit 2.5% in August​

Inflation eased to new three-year lows, teeing up the Fed to begin gradually reducing rates next week​

https://www.wsj.com/economy/inflation-august-cpi-report-interest-rate-d8c8c65a

Heatmap - Economic Indicators By Country

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Heatmap - Economic Indicators By Country - was last updated on Thursday, September 12, 2024.

tradingeconomics.com

 

[Lily Adler]

 

[MagnarTheGreat]

A Fed rate cut is coming. How big is anyone's guess.

A reduction to the central bank’s federal funds rate serves as a benchmark for other borrowing costs throughout the economy.

www.nbcnews.com

 

[Lily Adler]

 

[blueharvest]

US retail sales ticked up last month in sign of ongoing consumer resilience

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate. The Commerce Department reported Tuesday that retail sales ticked up 0.1% from July to August, after jumping the most in 18...

kstp.com

 

[blueharvest]

Federal Reserve Set To Cut Interest Rates, Potentially Boosting Economy Before Election

But the Fed faces a big decision about how much to cut in its quest to achieve a “soft landing” after years of inflation.

www.huffpost.com

 

[MagnarTheGreat]

Fed cuts interest rates a half point in landmark policy shift

"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.

abcnews.go.com

United States Fed Funds Interest Rate

The benchmark interest rate in the United States was last recorded at 5 percent. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus...

tradingeconomics.com

 

[Lily Adler]

Federal Reserve Set To Cut Interest Rates, Potentially Boosting Economy Before Election

But the Fed faces a big decision about how much to cut in its quest to achieve a “soft landing” after years of inflation.

www.huffpost.com

Republicans:

 

[Lily Adler]

 

[blueharvest]

MAGA Fans at Vance Rally Boo Rate Cut That Will ‘Alleviate Inflation’

The rally crowd was reacting to a reporter asking the Republican vice presidential nominee for his reaction to the Fed’s half-point interest rate cut.

www.thedailybeast.com

 

[squeekness]

MAGA Fans at Vance Rally Boo Rate Cut That Will ‘Alleviate Inflation’

The rally crowd was reacting to a reporter asking the Republican vice presidential nominee for his reaction to the Fed’s half-point interest rate cut.

www.thedailybeast.com

We don't want anything that saves us money!!!!

 

[Teelie]

They don't want Democrats to get credit for doing anything.

 

[Lily Adler]

We don't want anything that saves us money!!!!

Republican dad fears with the interest rate cut spending more will just worsen inflation.

 

[blueharvest]

Republican dad fears with the interest rate cut spending more will just worsen inflation.

Is he watching too much NewsMax and OAN on any given day?

 

[MagnarTheGreat]

Things Are So Bad at Intel That the Boss Is Posting Bible Verses

U.S. trading was a bloodbath on Monday as stocks tumbled, online brokerages went dark, and fears of a recession loomed.

gizmodo.com

Intel has been selling defective high-end processors for a couple of years.

Intel, Aiming to Reverse Slump, Unveils New Contracts and Cost Cuts

The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with Amazon and would pause some initiatives.

www.nytimes.com

Qualcomm Approached Intel About a Takeover in Recent Days​

A deal for Intel would be massive and come at a time when the chipmaker is sputtering​

https://www.wsj.com/business/deals/qualcomm-approached-intel-about-a-takeover-in-recent-days-fa114f9d

https://www.cnbc.com/2024/09/20/qualcomm-reportedly-approached-intel-about-takeover.html

March 2024:

Biden-Harris Administration Announces Preliminary Terms with Intel to Support Investment in U.S. Semiconductor Technology Leadership and Create Tens of Thousands of Jobs

U.S. Department of Commerce Proposes up to $8.5 Billion in Potential Direct Funding for Intel Under President Biden’s Investing in America Agenda to Support Multiple Projects in Arizona, New Mexico, Ohio, and Oregon

www.commerce.gov

 

[blueharvest]

Trump keeps hammering Fed over rate cut: ‘It was a political move’ - Breaking News

Republican presidential candidate Donald Trump has not backed down from his criticism of the Federal

www.elhayat-life.com

 

[squeekness]

Trump keeps hammering Fed over rate cut: ‘It was a political move’ - Breaking News

Republican presidential candidate Donald Trump has not backed down from his criticism of the Federal

www.elhayat-life.com

Is there anything manbaby doesn't whine about?

 

[blueharvest]