FOCUS: Medicaid Expansion • Pauper’s Field Burials • State Legislature • National News • Fact Checks • #MSWelfare/TANF Scandal • Jackson Water • Race & Racism
“While the U.S. economy has certainly avoided a downturn for longer than many expected, the inflation battle is a long way from finished,” D. Brian Blank writes.
Brian Blank, a finance professor, explains the paradox of falling mortgage costs at a time of rising base interest rates.
“We can’t do this without you. Your support powers this vehicle of journalism that holds the powerful accountable,” Azia Wiggins writes.
Signs of distress could snowball into financial crisis, compounding the Fed’s woes as it struggles to contain inflation, D. Brian Bank writes.
“The U.S. Federal Reserve holds inordinate sway over the world’s economies,” MSU Finance Professor D. Brian Blank writes. “Its power is primarily because of the dominance of the U.S. dollar, which soared in recent months as the Fed’s aggressive interest rate hikes made the greenback more attractive to investors. But this has a downside for other countries because it is fueling inflation, raising the cost of borrowing and increasing the risk of a global recession.”
HR 3339, a current bill in Congress, would create a $5-trillion National Infrastructure Bank to finance projects that federal, state and local governments cannot. This plan would allow Mississippi to receive up to $47 billion over 10 years to cover all infrastructure improvements, including roads, bridges, levees and dams, affordable housing, public transport and more, Alphecca Muttardy writes.
Mississippi Republicans in the U.S. Senate and House of Representatives have made numerous misleading claims about the Inflation Reduction Act, a bill President Joe Biden signed into law on Tuesday that will have sweeping effects on climate, health care and tax issues nationwide.
The Federal Reserve lifted interest rates by 0.75 percentage point on June 15, 2022, the third hike this year and the largest since 1994. The move is aimed at countering the fastest pace of inflation in over 40 years. What does this all mean? Finance scholar Brian Blank explains what the Fed is trying to do, whether it can succeed and what it means for you.
Two Republicans will go head-to-head for their party’s nomination in Mississippi’s 2nd congressional district after placing first and second in the June 7 primary. The candidates, Brian Flowers and Ron Eller, are vying for the chance to challenge incumbent Democratic U.S. House Rep. Bennie Thompson in November.
Mississippi Journalism and Education Group is a a 501(c)(3) nonprofit media organization (EIN 85-1403937) for the state, devoted to going beyond partisanship and publishing solutions journalism for the Magnolia State and all of its people.
125 S. Congress Street #1324
Jackson, MSÂ 39201
info@mississippifreepress.org
tips@mississippifreepress.org
events@mississippifreepress.org
601-362-6121
The Mississippi Free Press is a project of the Mississippi Journalism and Education Group, a 501(c)(3) nonprofit journalism organization (EIN 85-1403937).