US inflation ticks up again — dimming prospects for significant Fed cuts this year
U.S. consumer prices showed no signs of cooling in December on the back of rising prices for energy products, indicating that inflation remains high, a sign that the Federal Reserve expects fewer interest rate cuts this year. This is consistent with the Board's outlook. The Consumer Price Index rose 0.4% last month, after rising 0.3% […]
Equity urges Bristol city council to drop cuts to arts and culture budget | Bristol
The country's largest performing arts and entertainment union has called on Bristol City Council to scrap plans that would cut hundreds of thousands of pounds from the arts and culture budget, including the closure of a number of museums. shareholder wrote on The city council has warned that the cuts will cause significant damage to […]
House GOP tax writers call for cuts 'as soon as possible'
Republican tax leaders on Tuesday ramped up pressure on members of other parties to pass tax cuts as a top priority in Congress. “We need to make the Trump tax cuts permanent as soon as possible,” Rep. Jason Smith (R-Missouri), chairman of the Ways and Means Committee, said during the committee's first hearing in the […]
The Era of Fed Cuts Is Over
The Fed has been wrong about the economy for years. federal reserve The rate cut cycle is very likely to end–However, it may take months for Fed officials to understand this. The last time the Fed raised the overnight rate was a long time ago, in July 2023. Increased federal funds target from 5.25% to […]
Koch-backed group unveils $20M campaign highlighting Trump tax cuts
Americans for Prosperity (AFP), a conservative political action committee backed by Charles Koch, has launched a $20 million advertising blitz to support President-elect Trump's Tax Cuts and Jobs Act (TCJA). announced that it would start. According to AFP news agency in a statement On Monday, the administration announced in a nationwide advertising campaign that President […]
Futures slide as investors bet on no Fed rate cuts in 2025; yields climb – Yahoo Finance
(Reuters) – U.S. stock index futures on Monday as yields soared on expectations that the Federal Reserve will remain hawkish through much of 2025 after last week's solid jobs report. fell. As of 5:44 a.m. ET, the Dow E-mini was down 133 points, or 0.32%, the S&P 500 E-mini was down 46.25 points, or 0.79%, […]
Major push to protect, renew Trump tax cuts launched by powerful conservative group
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Karen Bass LA Fires backlash is over race not LAFD budget cuts, Yvette Nicole Brown, Kym Whitley
The two LA-based actresses were forced to leave the United States as embattled Mayor Karen Bass forced drastic cuts to the fire department and the start of historic, deadly wildfires. Instead, he claimed he was only facing backlash because of his race. “Act Your Age” co-stars Yvette Nicole Brown and Kim Whitley defended Bass as […]
LA Mayor Karen Bass handed out rich city contracts, forcing drastic cuts to fire department months before deadly wildfires: records
Los Angeles was forced to cut funding for its fire department after Mayor Karen Bass handed out gilded contracts to city employees, a public records review reveals. The issue began early last year when Mr Bass settled contract negotiations with public sector unions. City employees received 20 to 25 percent pay raises and other perks […]
‘We Need to Be Fully Funded,’ Budget Cuts Hurt the Fire Fight
Los Angeles Fire Department (LAFD) Chief Kristin Crowley said Friday on CNN's “The Lead” that massive budget cuts will “absolutely negatively impact the department's ability to fight Southern California's devastating wildfires.” “It was,” he said. Host Jake Tapper said: “There are a lot of questions in the public's mind about whether the decision to cut […]