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Fed Raises Interest Rates, Stocks Plunge…

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Yes, The Fed’s FOMC announced another 25 basis point increase at the last Fed meeting for the year) while decreasing their outlook for next year. Fed officials tweaked their forward guidance to say “some” further gradual rate increases will still be needed…

REPORT: Boy Scouts of America May File for Bankruptcy…

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The Boy Scouts of America are considering filing for bankruptcy, according to a report released Wednesday. The Wall Street Journal states leadership of the youth organization, mired in sexual misconduct litigation, hired the law firm Sidley Austin LLP to explore a wide range of options, including petitioning for relief under Chapter 11. On Wednesday, Boy […]

155k Jobs Added to November’s Payroll…

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U.S. Secretary of Labor Alexander Acosta today issued the following statement regarding the November 2018 Employment Situation report: “President Trump’s policies continue to fuel strong and steady job growth. Two full years since the President’s election, 4.6 million jobs have been created, including 155,000 in November. Job gains were significant in manufacturing and transportation and […]

Trump Blasts Fed, Says Interest Rates Are Too High…

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President Donald Trump Federal Reserve on Tuesday described the Federal Reserve as a “problem” and said its interest rate target was too high. “I’d like to see the Fed with a lower interest rate. I think the rate’s too high. I think we have much more of a Fed problem than we have a problem […]

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