Federal Reserve Chair Jerome Powell shoots down hopes for imminent cuts
Federal Reserve Chairman Jerome Powell on Wednesday dashed Wall Street’s hopes for an imminent rate cut after central bank officials left interest rates unchanged at decades-high rates. “I think it’s unlikely that the committee will reach a level of confidence to cut rates by the March meeting, but we’ll have to wait and see,” Powell […]
No Interest Rate Cuts Soon
The Fed said Wednesday it does not expect any rate cuts in the near future and kept its interest rate target unchanged. The Fed said in a statement at the end of its two-day monetary policy meeting: “Until there is greater confidence that inflation is on a sustained path toward 2%, the Committee does not […]
Funding cuts threaten to make syphilis spike worse
The Centers for Disease Control and Prevention (CDC) reports that cases of syphilis 17% increase past year and 80% in the past 5 years. Experts warn of record outbreak as Congress plans to cut funding for workers fighting sexually transmitted diseases less likely to decline. Although syphilis was nearly eradicated in the United States in […]
Ken Griffin says Fed rate cuts possible in summer, blasts Biden
Citadel founder and billionaire investor Ken Griffin said Tuesday that containing U.S. inflation could prompt the Federal Reserve to start cutting interest rates this summer. The timing of a potential rate cut has been the subject of speculation and debate in the market in recent months. Most traders expect the central bank to start cutting […]
Biden admin cuts funding to controversial UN agency amid allegations members assisted in Hamas massacre
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Euro retreats after ECB holds rates flat, markets price in June rate cuts – FXStreet
share: The euro fell from familiar technical levels following the ECB's dovish stance. In Europe, economic indicators are expected to be weak until next Tuesday's GDP announcement. The broader market will focus on the US PCE price index on Friday as it concludes the trading week. The euro (EUR) fell on Thursday after […]
USD/JPY plunges to near 147.50 on speculation of Fed rate cuts in March, US PMI data eyed – FXStreet
share: The US dollar/yen pair fell due to expectations of a Fed interest rate cut in March. Japan's better-than-expected economic indicators may have supported the yen. The US dollar faces challenges due to weak US yields and improving risk appetite. The USD/JPY pair is trending lower as market confidence is restored on expectations […]
Democratic Socialists of America is imploding; faces mass layoffs and major cuts amid internal ‘crisis’
The same seems to be true of American democratic socialists. obsessed They were trying to make organizations across America unprofitable, so they couldn't focus on their own bottom line. Supported by members of the DSA, the so-called Squad, was popular America's “largest and fastest-growing socialist organization” is crumbling amid seven-figure budget deficits, infighting, and the […]
Judge in Trump prosecutor’s divorce case cuts off DA Fani Willis lawyer during hearing: ‘Let me interrupt you’
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Jeremy Hunt claims Nigel Lawson’s mantle as he teases tax cuts | Economic policy
Jeremy Hunt, along with Rishi Sunak, hinted at the possibility of further cuts in the spring budget, comparing himself to former chancellor Nigel Lawson, who pushed for tax cuts. Writing in the Mail on Sunday, the Prime Minister drew comparisons to the late Ms Lawson, who was known for slashing personal tax during the Thatcher […]