Federal Reserve keeps rates unchanged — hints at possible September cut as inflation moderates
The Federal Reserve said Wednesday it would keep interest rates on hold but signaled it could cut rates in September if inflation continues to fall toward its 2% target. The Federal Open Market Committee acknowledged that the economy is moving in the right direction, with job gains, unemployment and inflation trending down, but reiterated that […]
NYC migrants charged with jumping two NYPD cops cut loose without bail: ‘Open war on cops’
Two immigrant thugs who attacked two New York police officers are back on the streets after Manhattan prosecutors agreed to release them without bail, the New York Post has learned. Brian Joseph, 24, and Jose Gonzalez, 19, were arrested after they allegedly got into a scuffle with officers on traffic patrol on 8th Street shortly […]
Venezuela Socialists Cut Ties with 7 Countries over Sham Election Doubts
Venezuela’s socialist Maduro regime has severed diplomatic ties with seven Latin American countries after the government questioned the results of Sunday’s fake presidential election and the “victory” of dictator Nicolas Maduro. The decision forces the immediate withdrawal of diplomatic representatives of Argentina, Chile, Costa Rica, Peru, Panama, the Dominican Republic and Uruguay from Venezuelan territory. […]
USA dressage team eliminated from Olympics over cut on horse’s leg; PETA says equestrian events ‘must go’
The United States suffered a major blow at the Paris Olympics on Tuesday. The country’s dressage team was forced to withdraw from the competition after judges discovered a cut on one of their horses’ hind legs. Marcus Orlov was scheduled to make his Olympic debut aboard his horse Jane, but the horse was “surprised by […]
Republicans won’t ease inflation if they don’t cut spending
With House Republicans on a six-week recess, it’s a good time to look back on the worst Republican-controlled Congress in history. Even more ominously, they have refused to cut spending by a cent and have actually increased the budget from record levels during their term. Clearly, they have no appetite to cut spending even if […]
Air New Zealand Abandons Promises to Cut Carbon Emissions by 2030
It’s too hard and too expensive: That’s why Air New Zealand has abandoned its goal of reducing its carbon emissions by 2030. The airline said on Tuesday that a variety of challenges contributed to the decision. Delayed deliveries of more fuel-efficient aircraft and low prices for alternative jet fuel were the two main factors behind […]
The Fed is expected cut rates later this year. What will it mean for your money?
Barron’s Roundtable panelists discuss the ongoing market rotation, small-cap stocks to watch, and former President Trump’s expected comments on cryptocurrency. of Federal Reserve The Fed is widely expected to lay the groundwork for a September rate cut at the end of its meeting on Wednesday, providing some relief to Americans who have been struggling with […]
Will the Fed Push Back on Expectations for a September Cut?
Soaring inflation upends Fed’s rate cut plans This week’s Federal Open Market Committee (FOMC) meeting The Fed’s resolve will be testedWill the Fed stick to its forecast for one rate cut this year, or will it succumb to financial markets that are pricing in multiple rate cuts this year? When the FOMC met in mid-June, […]
3M Open: Defending champ Lee Hodges and more notable names to miss the cut
Eighteen players shot 67 or better at the 3M Open on Friday. Scores were low and birdies plentiful — 581 to be exact. However, not everyone played that well, with 32 players posting scores of 74 or below. Taylor Pendrith finished bogey-free through 36 holes and is leading the tournament by two strokes at 12 […]
US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire
PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]