Federal Reserve

Philadelphia is a significant city in American history.  Delegates from 12 of the 13 original colonies met as there as the First Continental Congress on September 5, 1774, for a meeting which lasted until October.  Fast forward nearly two centuries and American Bandstand (AB) premiered there in March 1952.

At first, hopscotch, a children's game, and monetary policy, an aspect of macroeconomics, couldn't seem more disparate.

With the Federal Reserve’s latest meeting behind us, growing focus is directed to America’s budget.  Expect more of this type of discussion in the news as May wears on because our nation is near its debt limit.  Leadership is expected to meet next week to discuss the matter which could come to a head in early June.  Unfortunately, busy calendars and trips out of the c

So far, the banking challenges of 2023 have been far from catastrophic.

“Move fast and break things” was the motto Facebook founder Mark Zuckerberg created to describe the characteristic of processes he wanted implemented at the company.

Wednesday Morning, 3 A.M. is the first album released by Simon and Garfunkel.  The Sound of Silence is the last track on side one.  This hit song is about the inability of people to communicate and all the difficulties that accompany it.  America is facing such an episode now with our central bank.

/ˈjäbˌsmakt/

A description of the feeling a person gets after receiving a piece of shock news concerning their employment i.e. demotion, redundancy, loss of benefit, changes to working routines or dismissal. Often due to unforeseen circumstances which lead to the recipient ending up in said state. (www.urbandictionary.com)

America’s central bankers gathered for the first time this year earlier in the week.  Each year, four presidents of the Fed’s regional banks serve a 12-month term on the Federal Open Market Committee (FOMC) to help the seven governors and the President of the New York Regional Fed Bank set monetary policy, making this the first time for the current mix to decide on interest rat

Black Friday’s moniker is explained as the day when retailers go from being in the red for the year into positive earnings. Atlas won’t argue, but we cannot say for sure that this is still what happens. After your heart calms down from all the savings on Friday, you can hit Main Street America for Small Business Saturday. What a weekend. And then when you get bac

Every six weeks the Federal Reserve Open Market Committee meets to discuss monetary policies and to make any changes to it which they deem necessary.  Their latest two-day meeting ended last Wednesday with the 12-person committee unanimously voting to raise the overnight lending rate banks charge each other by 0.75 percentage points; the range for this type of loan now stands at 3.75 - 4.0