Powell Sounds Alarm: Prolonged High Rates Threaten Economy and Jobs

Federal Reserve Bank chairman Jerome Powell is concerned about the high holding rates. He is deeply concerned that it would hurt the U.S. economy. As a result, this would affect businesses and households across America.  High Holdings Could Negatively Impact the Economy  In a two-day appearance at Capitol Hill, Jerome ‘Jay’ Powell, the Chair of … Read more

Fast Food Frenzy: Taco Bell’s Biggest Value Meal Yet Takes on Rivals

America’s most popular Mexican-American fast food chain has joined the so-called “fast food wars,” offering new meal deals to bring customers through their doors. Fast Food War A fast food war is raging in America, as some of the country’s biggest chains race to establish affordable, high-value meals in a bid to bring customers back … Read more

Spending Gone Wild: The Irrationality of American Consumerism

Despite a miserable view of the economy, Americans are spending like never before. From retail therapy to essential services, customer behavior just isn’t making sense. But what’s driving this surge in spending when the economy seems so bleak?  A Pricey Pandemic During the pandemic, Americans trapped inside turned to online shopping for everything from luxury … Read more