With the Christmas holiday fast approaching, the United States Postal Service has released shipping deadlines for those sending gifts across the country as well as closer to home.
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JP Morgan analyst Christyan Malek says that OPEC+ "is back in the oil market driver's seat." Furthermore, JP Morgan predicts that crude could reach as high as $150 per barrel by 2023. The analysts further stated that the crude oil market is "at the start of a new super-cycle."
Economist Steven Moore believes that a lockdown of any kind would “wreck the market.” He says that locking down the economy will have future devastating effects. He believes that the decision to keep business doors open is the best driver of U.S. economic stability.
Although the turkey is usually the star of Thanksgiving dinners, the prices this year seem to be on the rise even though the bird isn't one that soars. Along with turkey, many of the other common items to complete a Thanksgiving dinner have increased in price as well, such as stuffing mix, cranberry sauce, and pies.
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Recently, Kenneth Rogoff made his views known about the predicament in which the United States finds itself. As an economist from Harvard, Rogoff keeps a careful eye on the markets — as well as what is happening in the real world.
As gas prices have reached a national average of $3.42 per gallon, consumers debate whether the United States was ever energy independent. Former President Trump argued in early 2020 that America had finally attained the goal of energy independence, while pundits on the left argued that America has never met this criteria. So, were we ever truly energy dependent?
After September's disappointing jobs report, the October jobs report offered some hope as employers added 531,000 jobs and unemployment fell from 4.8 percent in September to 4.6 percent. Job creation is roaring back, and nearly every industry demonstrated strong hiring in areas from restaurants to healthcare to retailers.
As the Biden Administration as well as the Fed's Chairman Jerome Powell continue to blame the current economic inflation crisis on supply chain "bottlenecks" and pandemic-induced shortages, the trucking industry warns that a looming vaccine mandate could decimate the trucking industry. If so, then this could only add to the supply chain crisis.
On Friday, Biden acknowledged public concern regarding rapidly rising inflation; consumers are paying more for necessities from gas to milk to eggs. Plus, with winter fast approaching, those using natural gas to heat their homes are facing a 250 percent increase in cost compared to last year's prices.
Powell spoke to reporters after the Federal Reserve's two day policy meeting. He blamed the highest inflation that Americans have witnessed in 30 years on the supply chain crisis as well as pandemic-induced shortages and growing consumer demand.
Last week financial experts warned that Thanksgiving 2021 may be the most expensive one yet, and now they are weighing in on Christmas 2021. The warning is still the same; Christmas 2021 is set to be the most expensive one in decades.
Many Americans have seen their credit card debt surge during the Covid-19 pandemic. A new consumer survey found that 42 percent of U.S. adults holding credit card debt have moved deeper in debt since March 2020.
Experts predict a 62% drop in 2022 on home refinancing when interest rates rise to 4% on popular 30-year fixed-rate loans sometime late in 2021 or early in 2022.
Chief economist at Moody's Analytics, Mark Zandi, says that consumers are spending about $175 more on necessities than at the same time a year ago.
