Dow soars over 600 points on tech rebound, optimism about Fed rate cuts
Wall Street’s major stock indexes closed higher on Friday, regaining some of the ground lost earlier in the week as investors again flocked to big tech stocks following a broad sell-off and inflation data stoked optimism that interest rate cuts could soon begin. The Dow Jones Industrial Average surged 800 points, closing at 40,589.34, up […]
Inflation measure closely watched by the Fed rises 2.5% in June
See what’s clicking on FoxBusiness.com The inflation indicator is Federal Reserve There was some easing in June, even as rising prices continue to weigh heavily on millions of Americans. According to the Labor Department, the personal consumption expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month, and were up 2.5% year-on-year, […]
Growth and Inflation Are Too Hot for the Fed to Cut in September
Economic growth exceeds expectations Economic growth accelerated more than expected in the spring, weakening the case for rate cuts and The Federal Reserve is still not doing enough to cool the economy We intend to bring inflation down to our 2% target. The Bureau of Economic Analysis said Thursday that real gross domestic product (GDP) […]
Credit card delinquencies were worst on record in Fed data dating back to 2012
AFPI chief economist Michael Vogtunder says Kudlow’s policies would make prices 18% higher in the US. As more Americans fall behind on their credit card payments, they continue to struggle. High Inflation And interest rates. new data Published According to a survey by the Federal Reserve Bank of Philadelphia, credit card delinquency rates in the […]
Gold (XAU) Daily Forecast: Nears $2400 as Fed Rate Cut Hopes Influence Prices – FX Empire
Moreover, U.S. President Joe Biden’s withdrawal from the 2024 presidential race raises hopes that Donald Trump will become the next president and create a more relaxed regulatory environment. Gold prices rise on weaker US dollar and major economic data The US dollar has generally lost momentum and is weakening due to a dovish outlook for […]
More Biden-Harris Chaos = Fewer Fed Cuts
Biden declines, Fed to close in September The announcement was President Biden has suspended his campaign With President Trump seeking a second term, the Federal Reserve will be under pressure to hold off on raising interest rates until after the election. The U.S. economy currently appears to be growing at a healthy pace in the […]
Families Are Fed up with Big Labor-Dominated Schools
Estimated Reading Time: 3 minutes American parents of school-aged children have long understood it’s a bad idea for politicians to grant government union bosses monopoly-bargaining power over how teachers and other school employees are compensated and managed. Over the years, millions of mothers and fathers have expressed their considered views on this question by voting […]
Dutch golf star seethes over Olympics controversy: ‘I’m the one who is f—ed’
Dutch golf star Joost Luiten was furious on Friday after his efforts to play for the Netherlands were thwarted in the days leading up to the Olympics, and revealed his plans for the games. After missing the cut at the British Open, he didn’t hold back on his feelings towards the International Golf Federation (IGF). […]
Fed judge tosses GOP challenge to Nevada’s mail-ballot counting rules
LAS VEGAS — Republicans have vowed to continue their legal challenge to Nevada’s 2021 law that allows mail-in ballots received up to four days after Election Day to be counted on the ballot. U.S. District Judge Miranda Du said the plaintiffs, who include the Republican National Committee, the state Republican Party, Trump’s 2024 campaign and […]
Fed Chair Jerome Powell Warns About U.S. Fiscal Policy’s Unsustainable Path
Estimated Reading Time: 3 minutes Editors’ Note: One of the least discussed subjects is the incredible and dangerous distortions in the US economy. A powerful rising stock market has obscured the problem. Recently, we have registered another strong breakout to the upside. But we have often cautioned not to conflate the stock market with the […]