Today, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight .
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While there has been positive news about recent wage growth, looking back over the last 40 years reveals a different story for the average worker.
While growth in 2019 has exceeded expectations so far, growth rates largely have conformed to forecasts, and many economists expect growth to remain lower in 2019 than in 2018.
The cost and quality of the U.S. healthcare system is one of the most prominent issues facing everyday Americans. It is a top policy concern for voters, a key indicator of economic efficiency, and a significant driver of the national debt.
Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.
Overall healthcare costs — including all private and public spending — are anticipated to rise by an average of 5.5 percent per year over the next decade.
Growth over the next few years is expected to slow as the recent fiscal stimulus wanes.
The Social Security and Medicare Trustees released their annual reports, which show that these vital programs are on an unsustainable path.
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the U.S.