The Employment Situation Is Still A Disaster

The Employment Situation Is Still A Disaster

Last Friday, the US Bureau of Labor Statistics released new unemployment data. The report surprised many because it showed a decrease in the unemployment rate, while many observers had expected an increase. According to the official headline (seasonally adjusted)...
The Fed Slashes Rates as Powell Declares Economy “Strong”

The Fed Slashes Rates as Powell Declares Economy “Strong”

The Federal Reserve this morning slashed the target federal funds rate by 0.5 percent today.  According to CNBC: The Federal Reserve moved to an enact an emergency interest rate cut after officials saw the coronavirus having a material impact on the economic outlook,...