News

Goldman Sachs and JPMorgan Sued

Goldman Sachs Group Inc and JPMorgan Chase & Co have been accused of conspiring to manipulate the United States price of zinc. A representative for Goldman Sachs says that the company is "vigorously" contesting the lawsuit, while JPMorgan declined to comment. Image by Youngking11 via Wikimedia Commons. Continue to original source More

United States Has Third Consecutive Economic Rise

Despite a slow start in 2014, the United States economy has seen steady growth over the past three months. The economy is expected to continue to expand and may even grow at a larger rate through the second half of 2014. Image via Twitter/CEDUpdate Continue to original source More

Inflation May Be On The Rise

According to a poll of economists, United States inflation will reach two percent by the end of 2014. Economists have increased their forecasts from a month ago for inflation and job growth and hiring. Interest rates are not expected to rise until later next year. Image by MediaPhoto.Org via Wikimedia Commons. Continue to original ... More

Fed Does Not Need To Shrink Balance Sheet

Chairman Ben Bernanke says that the Federal Reserve does not need to reduce its $4 trillion balance sheet. Bernanke says that the Fed has worked to be able to "raise rates at the appropriate time." Trillions of dollars were spent under Bernanke in an effort to boost the United States economy. Continue to original source Image via ... More

Hilary Clinton Advocates Upward Mobility

Hilary Clinton gave a speech to the New America Foundation recently, touting economic growth. The potential 2016 Democratic candidate referenced her husband, Bill Clinton's time in office to demonstrate job creation and growth. Clinton also complimented Barack Obama's "work and strong leadership" in turning the economy around. Image by ... More

Higher Minimum Wages Not Hurting Job Growth

According to data released by Paychex and IHS, there is no clear evidence to prove that a raised minimum wage kills jobs. In fact, the opposite trend is occurring. San Francisco, which has one of the highest minimum wages in the United States at $10.74 an hour, has faster job growth than any other major U.S. city. Washington is another ... More

Inflation Pressure Increasing

According to the United States Labor Department, producer price index rose 0.6% . This is the largest increase in nearly two years. The increase in PPI is an indicator of pressure on price, meaning inflation may occur if the trend continues. Image by Anderskev via Wikimedia Commons. Continue to original source More

U.S. On Track To Decrease Deficit

The United States Treasury Department released a report stating that the country posted a $107 billion budget surplus in the month of April. This year, the government has a deficit of $306 billion, but reports state that the government is on track to narrow that deficit. Budget surpluses are common in April, as households must meet their ... More