Inflation ticks higher as Fed eyes another rate cut
Inflation rose slightly in November, but likely not enough to derail the Federal Reserve's plans for further interest rate cuts, according to figures released Wednesday by the Labor Department. Consumer prices rose 0.3% in November and rose 2.7% over the past 12 months, according to new Consumer Price Index (CPI) data released on Wednesday. Monthly […]
Walgreens could ‘aggressively’ cut costs if privately owned, analyst says
About one independent pharmacy will close every day in 2023, and a similar number is expected to close this year, according to the National Community Pharmacists Association. Walgreens Boots Alliance's acquisition by private equity firm Sycamore Partners would give it more flexibility to “aggressively” cut costs to address persistent industry challenges, according to industry analysts. […]
EUR/USD slides as ECB is set to cut interest rates by 25 bps to 3% – FXStreet
EUR/USD fell to around 1.0530 as investors awaited major events such as US inflation and the ECB policy meeting. The ECB is widely expected to cut deposit facility rates by 25 basis points to 3% on Thursday. Economists expect U.S. annual core CPI to have grown steadily by 3.3% in November. EUR/USD fell to around […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
Biden Admin Cut Big Check To Activists Using Schools As Recruiting Grounds For LGBT ‘Family Therapy’ Program
A Michigan group received federal funding for a “family therapy” program that teaches parents to affirm their child's gender confusion, and public school districts joined the effort. Approximately $1.3 million in federal grants Award Provide resources to Arbor Circle in early 2024 center The organization, which provides counseling and support to youth between the ages […]
Not Going to Be Part of ‘Fake Position for Fake People’ to Cut Social Security
On Friday's broadcast of NewsNation's “The Hill,” Rep. Sidney Kamlager-Daub (D-Calif.) said she doesn't want anything to do with the Department of Government Efficiency because “it doesn't do bad things.” “This is because it is a false position for the impostors who are trying to do so,” he said. Cut programs that Americans need. “But […]
Democrat Tom Suozzi Touts Bipartisan Efforts to Cut Spending
Rep. Tom Suozzi (D-N.Y.) on Friday called on Republicans and Democrats to work together to make government more efficient after meeting with Vivek Ramaswamy and Elon Musk. ”.@VivekGRAmaswamy nice to meet you and @Eron Musk Briefly yesterday. Let's work together, Democrats and Republicans, to find ways to make government more efficient and save money without […]
Forexlive Americas FX news wrap: Rate cut odds ramp up after US and Canadian jobs data – ForexLive
Market movements: WTI crude oil fell $1.20 to $67.10. US 10-year bond yield fell 2.9bps to 4.15% Bitcoin rises by $2,544 to $101,540 Gold rises $1 to $2,633 S&P500 rose 0.2% Japanese yen leads, Australian dollar lags This week's theme has been that it's difficult to connect market movements with economic news and data, and […]
Gold stalls intraday recovery as traders await US NFP report for Fed rate cut cues – FXStreet
Gold prices have been steadily recovering from Friday's lows in more than a week. Softer risk tone, geopolitical risks and trade war concerns are benefiting safe-haven commodities. We are betting on a non-dovish Fed cap to move higher on XAU/USD ahead of the important US NFP report. Gold prices (XAU/USD) have struggled to capitalize on […]
Blackburn unveils 'DOGE Acts' to cut spending, freeze federal hiring and salaries
Sen. Marsha Blackburn (R-Tenn.) announced the DOGE Act to cut spending and freeze federal jobs and salaries. “Senator Blackburn will introduce a series of bills next week, known as the DOGE Act, designed to hold the federal government more accountable for managing taxpayer funds,” a spokesperson for Sen. Blackburn said in a statement. We plan […]