Another Year, Another Peak Global efforts to move past fossil fuels to renewable energy alternatives could have you believe that the days of peak oil demand are behind us. But that would likely be wrong. U.S. oil production hit a record of more than 13 million barrels per day, and 2024 is expected to be…Read more
White-Collar Woes On the surface, the U.S. labor market looks strong: Job growth is chugging along and the unemployment rate remains below 4%. The healthy labor market is a big part of why the Federal Reserve has felt confident enough to keep its monetary policy so restrictive. Remember: The Fed has two mandates, keeping inflation…Read more
The Fed’s Favorite Inflation Measure Last week, the Federal Reserve announced its final interest rate decision of 2023. The central bank held the federal funds rates steady for the third meeting in a row, and signaled rate cuts may come in 2024, driving the Dow Jones Industrial Average to all-time highs. But of course, these…Read more
