Powell: Fed could cut rates 'as soon as' September if inflation, job market keep cooling
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank could cut interest rates “as early as” September if inflation and the job market continue to cool. After the Fed announced it would keep interest rates steady on Wednesday, Powell said it needed to see a combination of generally healthy economic data, along with […]
Fed Holds Rates Steady But Sends Mixed Signals About Timing of A Cut Later This Year
Federal Reserve officials agreed to keep interest rates at their highest level in 22 years and signaled they could cut rates later this year if signs of inflation continuing to fall to the central bank’s 2 percent target continue. Officials on Wednesday left the central bank’s benchmark federal funds rate unchanged at a range of […]
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, […]