EUR/USD is at parity risk as traders price in four ECB rate cuts this year – FXStreet
EUR/USD has provisional support around 1.0220. However, further declines seem likely. The Fed is expected to cut interest rates twice this year. Investors are awaiting December US ISM manufacturing PMI and German HICP data. EUR/USD found temporary support in North American trading on Friday after plummeting to near 1.0220, its lowest level in more than […]
Legislation would end cuts to certain retirees' social security – News 3 WTKR Norfolk
NORFOLK, Va. — Congress passed the Social Security Fairness Act, repealing two provisions of the law that caused some government retirees to face reductions in their Social Security benefits. One is called a government pension offset and the other is called a windfall elimination clause. “This is a huge victory,” said Chuck Brewer, a former […]
EUR/USD holds gains above 1.0400 as rising odds of the ECB delaying further rate cuts – FXStreet
The euro/dollar pair is rising as traders expect the ECB to delay further interest rate cuts following recent rises in inflation. ECB's Holzmann said President Trump's tariffs would not only lead to slower overall growth but also create inflationary pressures. The latest FOMC dotplot predicts only two rate cuts, down from the previously expected four. […]
Death by a thousand cuts: How Trump can contain China
Last week, Chinese Communist Party leader Xi Jinping declined an invitation to attend President Trump's second inauguration. It's easy to see why. Trump returned to office promising to address the huge China issue raised by President Xi Jinping. Continuous military build-up. An astonishing theft of our intellectual property and technology. Predatory Trade Practices. Corruption in […]
Social Security Update: Republican Says Cuts Should Be 'On the Table' – Newsweek
Republican New Hampshire Gov. Chris Sununu told CNN's Dana Bash on Sunday morning that Social Security cuts should be “on the table.” newsweek President-elect Donald Trump's transition team and Sununu's office were emailed Sunday morning seeking comment. why is it important Approximately 56 million Americans age 65 and older receive Social Security. Americans have been […]
Arby’s ‘deceptively’ cuts portions amid ‘greedflation’: suit
Arby's may have “meat,” but some customers also have beef. A Queens woman is suing in a class action lawsuit that the fast food restaurant reduced the size of its fries and drinks without lowering prices or warning customers. The lawsuit filed in Queens County Supreme Court alleges that “Arby's continues to deceptively market smaller […]
Virginia Democrats ‘asking the wrong question’ amid outrage over DOGE federal workforce cuts, GOP leader says
A top Democrat in the Virginia House of Representatives has sounded the alarm over President-elect Donald Trump's Department of Government Efficiency (DOGE) plan to tell some federal employees, “You're fired,” on the grounds of efficiency. The state's top Senate Republican countered Thursday that the majority party is “asking the wrong questions.” Earlier this week, House […]
Tax Cuts Need to Be in First Reconciliation Bill to Give Businesses Certainty
On Monday's broadcast of Fox Business Network's “Morning with Maria,” U.S. Rep. Beth Van Dine (R-Texas) talked about the first steps the new Republican Congress would pass to give businesses certainty. He said the settlement should include tax cuts, and also said there could be tax cuts. There is only one adjustment package. asked Heritage […]
Gold (XAU) Silver (XAG) Daily Forecast: Gold Steady as Fed Slows Rate Cuts, Boosting Market Confidence – FX Empire
US economic data and dollar strength The U.S. dollar has rebounded recently after falling sharply after Federal Reserve officials signaled less interest rate cuts in the near future. This comes amid a mixed economic outlook, with inflation concerns still tempered by weak US PCE data. The market expects there is a nearly 93% chance that […]
Fiscal concerns should not hold up tax cuts
When Republican lawmakers meet with small businesses in their districts over the Christmas break, they'll probably hear the most important message. It says, “Pass tax cuts now.” According to Job Creators Network new national pollsmall businesses support extending the 2017 Tax Cuts and Jobs Act, which took effect in 2018 and expires next year, by […]