Chuck gives an update on the market for March 16th, 2023! Don't forget to like, subscribe, hit the bell icon for notifications, and ask questions in the comments below. Join the newsletter here: Visit the website: #finance #economy #stockmarket #wealth #realestate #debt #recession #stocks #gold #silver #crypto...(read more)
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The latest Jobs Report released by the Labor Department shows that the U.S. economy added only 142,000 jobs in August, much lower than the expected 225,000 jobs. This has raised concerns among economists about the pace of economic growth in the country. The weak jobs report has also put pressure on the Federal Reserve to delay plans to raise interest rates later this month. Fed Chair Janet Yellen is scheduled to testify before a congressional committee this week where she is expected to provide some insights into the Fed's plans for the interest rate hike. Meanwhile, the U.S. Senate has approved a $700 billion bank bailout package as part of a government spending measure to avert a government shutdown at the end of this month. The measure includes a $318 billion increase in the federal debt limit that will allow the government to continue borrowing money to fund its operations. The bank bailout package has drawn criticism from some lawmakers who argue that it is undemocratic to use taxpayers' money to bail out banks that engage in risky business practices. However, supporters argue that the bailout is necessary to stabilize the financial sector and prevent another financial crisis like the one in 2008. The debate over the bank bailout and the Jobs Report will likely take center stage in Congress this week as lawmakers return from their summer recess. The head of the Federal Reserve will also face questions from lawmakers about the state of the economy and the Fed's plans for interest rates. Overall, the U.S. economy continues to face challenges as it struggles to recover from the 2008 financial crisis. While the bank bailout is a step in the right direction, it will take much more sustained effort and cooperation from lawmakers and policymakers to ensure that the economy can continue to grow and thrive. https://inflationprotection.org/chuck-delivers-information-on-jobs-report-bank-bailouts-yellens-testimony-before-congress/?feed_id=105946&_unique_id=64834a09efeb7 #Inflation #Retirement #GoldIRA #Wealth #Investing #ChuckBarone #Schmuckatelli #BankFailures #ChuckBarone #Schmuckatelli
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