The Structure of the Federal Reserve Bank
Until the recent increase in inflation, the Fed was usually only spoken about in the context of interest rates. Do you know what the Federal Reserve Bank is, what it…
What is the Fed’s Beige Book and What Does It Tell Us?
The Federal Reserve Bank, commonly referred to as “the Fed” is the central bank of the United States. Eight times per year, the Fed publishes the Beige Book, which summarizes…
The IRS Is Providing Tax Inflation Adjustments for 2023
On October 18, 2022 the IRS announced changes to 60 tax provisions, including tax rate schedules. The details are outlined in the IRS Revenue Procedure 2022-38 [PDF]. Tax brackets shift…
Is the US Headed for a Recession?
This question is always good for getting people to pay attention to mainstream media and in particular, news outlets. They absolutely love bad news because it scares people, and people…
Is the Fed’s Policy on Raising Interest Rates Hurting Consumers?
I saw this article by Steve Hanley on CleanTechnica, who argued that the Fed’s interest rate increases will hurt consumers instead of helping them. This is an interesting perspective. The…
Are You Considering a New Side Hustle?
According to a survey by Qualtrics.com, inflation is forcing over half of Americans to consider second jobs, extra shifts or side hustles to ease the pain of inflation. The survey,…