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US adds 256K jobs in December, dimming rate cut hopes

U.S. employers added a surprisingly strong 256,000 jobs in December, but hopes that the Federal Reserve will cut interest rates anytime soon are fading. The explosive numbers released by the U.S. Bureau of Labor Statistics were a sharp increase from the previous month as employment recovered from strikes and major hurricanes, and lifted traders' expectations […]

Cracks Emerge in the Fed’s Rate Cut Consensus

End of cutting cycle? The bond market is not the only one questioning the stance of monetary policy. Federal Reserve officials are also seeing some light. After cutting interest rates completely since September, at least some Fed officials seem to be thinking: Questions whether further mitigation is justified. Judging by recent statements and the latest […]

Los Angeles Mayor Karen Bass Cut Fire Budget by Nearly $20 Million

Los Angeles Mayor Karen Bass (D), who was on a visit to Ghana when fires engulfed much of the city, cut nearly $20 million from the city's fire department budget this year and made even bigger cuts. proposed reductions. As a west side trend reported In April 2024, Mr. Bass proposed approximately $23 million in […]

How much it’ll cost Jets’ Woody Johnson to cut or keep Aaron Rodgers

Aaron Rodgers will be a question mark for weeks, possibly months, throughout the Jets' offseason. Does Rodgers want to keep playing? Do the Jets want Rodgers back? If the Jets don't want Rodgers, will he end up going to another team in his 21st season? We won't have any answers until we know who the […]

Florida DEI leader sees revenue cut in half due to state policies: ‘We’re in trouble’

Multiple diversity, equity, and inclusion consulting firms continue to struggle in Florida in the years following the Stop WOKE Act. said Loni Bennett, executive director of South Florida People of Color. miami herald She announced Thursday that her nearly $300,000 annual income has been cut in half thanks to Florida's new policy. “We're in trouble,” […]