Fed Hasn’t Seen Enough Weakness to Cut Rates
John Carney, economics editor at Breitbart News, said on Fox Business Network’s “Kudlow” show on Tuesday that a few months of economic weakness won’t be enough for the Federal Reserve to cut interest rates. “John Carney, it looks like we’re starting to see an economic downturn. What are your thoughts on that?” host Larry Kudlow […]
Biden Says He Wants To Cut Down On Illegal Immigration — But ‘Bidenomics’ Depends On It
President Joe Biden’s recent immigration policies signal a desire to stop illegal immigration, but his economic policies rely on it to hide the true health of the economy, experts told the Daily Caller News Foundation. President Biden signed an executive order on Tuesday to suspend new asylum applications at the southern border if the weekly […]
Asian Stocks Eye Early Gains as Rate Cut Bets Firm: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose on Monday as a weak reading of the Federal Reserve’s preferred inflation gauge spurred hopes of an interest rate cut. Most read articles on Bloomberg Australian, Japanese and Hong Kong shares rose, while Indian stock futures surged after exit polls showed a landslide victory for Prime Minister Narendra Modi’s party. […]
We can’t afford to cut America’s nuclear modernization program
Tensions with China and Russia have never been higher since the Cold War. From Ukraine to the Middle East, the South China Sea to the Korean Peninsula, nuclear-armed dictators are challenging American hegemony. So why are some American politicians suggesting that we should reduce our nuclear arsenal? The United States only recently ended a 35-year […]
Lexi Thompson bids farewell as Nelly Korda misses cut at eventful US Open | Golf
Wichanee Meechai was the latest surprise at a U.S. Women’s Open full of surprises. She started with four straight birdies on Friday to tie her lowest score of the week with a 3-under 67 and move into the lead by two strokes in a weekend when Nelly Korda is absent. Meechai is a 31-year-old Thai […]
Ohio bank explosion caused by cut gas line thought to be turned off: investigators
YOUNGSTOWN, Ohio (AP) — A worker working in the basement of an Ohio building intentionally cut a gas line without knowing it was under pressure before a deadly explosion this week, the National Transportation Safety Board said Friday. NTSB board member Tom Chapman said crews were in the basement removing pipes and other old equipment […]
Dow soars nearly 600 points after inflation gauge closely watched by Fed reignites hope for fall rate cut
The Dow Jones Industrial Average surged nearly 600 points on Friday as investors breathed a sigh of relief after the Federal Reserve’s recommended inflation gauge met Wall Street expectations, rekindling optimism for interest rate cuts. The Commerce Department’s Bureau of Economic Analysis said Friday that the personal consumption expenditures (PCE) price index rose 0.3% last […]
Nelly Korda redeems herself on 12, but fails to make U.S. Women’s Open cut
Nelly Korda’s stunning 10-stroke loss on Thursday shocked the golf world but also dashed her dreams of winning a second consecutive major championship. Korda made seven bogeys on the par-3 12th hole to fall to eight-over par after three holes, a deficit too big to recover from. Korda shot a 10-over 80 on Thursday and […]
Fed’s Raphael Bostic: Central bank won’t wait until inflation falls to 2% to cut rates
Federal Reserve Bank of Atlanta President Raphael Bostic talks about year-over-year inflation rates on “The Craman Countdown.” Atlanta Federal Reserve Fed Governor Raphael Bostic told FOX Business’ Liz Claman on Thursday that the central bank is unlikely to cut interest rates in July amid signs that inflation is slowing. Asked whether there was a scenario […]
Trump tax cut extensions keep getting more expensive: Analysis
A new analysis from the Committee for a Responsible Federal Budget, a Washington think tank, finds that cost estimates for extending the Trump tax cuts have risen every year, but it’s not clear why. According to current projections from the Joint Committee on Taxation and the Congressional Budget Office, extending the expiring Trump tax cuts […]