Inflation expected to slow again in June, but high prices are still crushing Americans
Former Kansas City Federal Reserve Bank President Thomas Honig responded to Jerome Powell’s comments on “Cavuto Coast to Coast” that the Fed isn’t ready to start cutting interest rates. The closely watched inflation report due on Thursday is expected to show that price pressures within the economy continued to ease in June. Economists expect the […]
ConocoPhillips sues Biden administration over Alaska drilling restrictions
American Petroleum Institute CEO Mike Sommers talks about the nation’s energy independence and the lawsuit against President Biden’s EV mandate. Alaska’s largest oil companies have filed a lawsuit against the Department of the Interior, asking a judge to throw out the new rules. Imposed by the Biden Administration They claim it will “disrupt and thwart […]
Fed’s Powell says more ‘good’ inflation data would bolster case for rate cuts
Strategas’ Jason Trenerth says it’s hard not to get involved in the stock market on “Maria Bartiromo’s Wall Street.” Chairman of the Federal Reserve System Jerome Powell He said Tuesday that policymakers were encouraged by recent data suggesting inflation was receding, and continued progress would strengthen the case for cutting interest rates. “The data for […]
Over 2M Texans out of power Tuesday after Beryl tears through the state
See what’s clicking on FoxBusiness.com More than 2 million homes and businesses across Texas were left without power as Category 1 Hurricane Beryl pounded the state on Tuesday morning. About 2,315,753 electric customers in Texas were without power as of 8 a.m. ET on Tuesday, according to PowerOutage.us, while more than 26,000 remain without power […]
Buying a house just got even more expensive
ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” New data shows the cost of buying a new home has hit another all-time high. The median U.S. home sale price jumped to $397,954 in June, up about 5% from a year ago, the highest level on record and […]
Commission finds COVID pandemic caused $18 trillion in economic damage to US
Speaking on “The Bottom Line,” Fox News contributor Dr. Nicole Safia reflects on the media’s fear-mongering around COVID-19 four years into the pandemic. According to a new report by the Heritage Foundation’s bipartisan Commission on China and COVID-19: COVID pandemic It caused an economic loss of $18 trillion to the United States and held the […]
Labor market nearing pre-pandemic conditions, Fed report says
Olu Omodunbi, chief economist at Huntington Private Bank, told Craman Countdown that the jobs report points to a slowdown in the labor market. of Federal Reserve The U.S. labor market has returned to the “tight but not overheated” conditions it was in before the coronavirus pandemic threw the economy into turmoil, the Treasury Secretary said […]
One third of all jobs created in June were in government
Former John Deere employee Chris Laursen responds to The Bottom Line about job cuts that will come with the move of production to Mexico. The June jobs report revealed stronger-than-expected job growth, with 206,000 new jobs added, but a third of those were in the government sector. Government employment increased by 70,000, well above last […]
June jobs report, Federal Reserve
John Lynch, CIO of Comerica Wealth Management, explains why he encourages investors “not to get out yet” of the market rally. U.S. employers added 206,000 jobs in June, beating expectations and slightly below the revised 218,000 gain in May, signaling continued strength in the labor market. The unemployment rate rose slightly to 4.1% from 4%. […]
These 15 housing markets have the highest correction risks
“Mansion Global” host Katrina Campins talks about the state of the housing market on “Making Money.” U.S. home prices have risen relentlessly over the past three years, but a growing number of markets are at risk of a sharp correction. new report According to a report released by real estate data and analytics company Parkl […]