Americans will likely see rate hikes in the new year as the Federal Reserve fights against inflation. The Federal Open Market Committee (FOMC) said in a statement, “In light of inflation developments and the further improvement in the labor market, the Committee decided to reduce the monthly pace of its net asset purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities.” This comes as President Joe Biden’s roughly $2 trillion spending bill may not pass by the self-imposed Christmas deadline. Sen. Lindsey Graham (R-S.C.) had some thoughts on the bill: “My belief is that Build Back Better never gets better. It will never get better.” The White House has a new plan to deal with the trucker shortage. The Supply Chain Disruptions Task Force aims to attract more truckers amid the worker shortage. It’s an effort to address a shortage that some industry insiders say has grown …
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