Biden says inflation report ‘may delay’ expected interest rate cut
President Biden said Wednesday that a March report showing inflation trending upward could delay expected rate cuts by the Federal Reserve. Biden last month predicted the Federal Reserve would cut interest rates, a move that could provide a boost heading into the November election as the president works to improve the economy and fight inflation. […]
Consumer Prices Rise More Than Expected For Third Straight Month
The consumer price index in March increased by 0.4% from the previous month. Compared to 12 months ago, the composite index rose by 3.5%. Economists had expected sales to rise 0.3% month-on-month and 3.4% over the 12 months. Core inflation, which excludes food and energy, rose 0.4% in the month, in line with last month […]
Inflation accelerates more than expected in March as high prices persist
Nick Timiraos, chief economics correspondent for the Wall Street Journal, said central banks need “credible justification” to start cutting rates. Inflation accelerated for the third straight month in March due to soaring gasoline and rent prices, underscoring the difficulty of containing domestic price pressures. economy. The Labor Department said Wednesday that the consumer price index, […]
Pittsburgh-New York train expected to cost $8M annually to operate
(The Center Square) — Pennsylvania’s travelers and train enthusiasts celebrated last fall when Amtrak announced twice-a-day service from Pittsburgh to New York via Harrisburg.Expanding service, though, will require a hefty investment to upgrade infrastructure and millions more in operating costs every year. The service expansion, announced in September after Amtrak and Norfolk Southern worked out an […]
March inflation report expected to show another month of ‘hot’ price gains
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” A closely watched inflation report on Wednesday is expected to show that progress in combating price pressures within the economy slowed again in March. Economists expect the consumer price index, which […]
Republicans take to floor to slam Dems for expected dismissal of Mayorkas trial
Several Senate Republicans took to the floor Monday night to call for an immediate and public trial on the articles of impeachment passed against Homeland Security Secretary Alejandro Mayorkas. “Make no mistake about it: A vote to block the impeachment of Secretary Mayorkas is a vote to keep our borders open,” Sen. Roger Marshall (R-Kansas) […]
The market again has adjusted its view on rate cuts, with as few as two now expected – CNBC
This week, markets will receive two important signals about how quickly and by how much the Federal Reserve will cut interest rates. The result could test investors’ patience at a time when there are growing signs that the central bank, which had been expected to aggressively ease monetary policy this year, will instead be more […]
Former Wisconsin gas station chain owner Tony Wied expected to announce run for Gallagher’s seat
Former Wisconsin gas station chain owner Tony Weed plans to announce his candidacy for Rep. Mike Gallagher’s (R-Wis.) seat on Monday, two sources told The Hill. told. Weed, who previously owned six Dino Stop gas stations and convenience stores, is expected to announce his candidacy for Wisconsin’s 8th Congressional District, which covers the northeastern corner […]
Clouds expected at these solar eclipse hot spots
I can’t be a cirrus cloud! Some of the hottest destinations to observe celestial wonders are expected to steal the thunder of a rare total solar eclipse due to cloudy weather. Niagara Falls, New York, is expected to be “very cloudy,” and Erie, Pennsylvania, is expected to have “cloudy skies and a slight chance of […]
Muhammad Ali’s ‘Thrilla In Manila’ Trunks Expected To Sell For An Incredible $6 Million
Talk about a prized possession you can frame … if only I was a millionaire. The white satin boxing trunks that Muhammad Ali wore for his “Thrilla in Manila” bout against Joe Frazier are being auctioned, and get this: They’re expected to sell for an insane $6 million. If you don’t remember, the “Thrilla in […]