Gold prices steady before Fed meeting; copper rallies higher By Investing.com – Investing.com
©Reuters. Investing.com — Gold prices were mostly weak in Asian trading on Friday as stronger-than-expected inflation data fueled concerns that the Federal Reserve will signal a rise in long-term interest rates at its next meeting. There was no price movement. But the sentiment did little to stop copper prices from rising, with expectations that China’s […]
Kansas Agrees To $1 Million Settlement For Death Of 7-Year-Old, Whose Body Was Fed To Pigs
Kansas reached a $1 million settlement Tuesday to resolve a lawsuit stemming from the 2015 murder of a 7-year-old, NBC News reports. Adrian Jones’ death brought attention to the flaws in Kansas’ child welfare system. according to Go to NBC News. The Kansas Department of Children and Families (DCF) drew criticism for not removing him […]
Fresh data on inflation, jobs could force Fed to rethink rate cuts
The Fed’s path to lower interest rates this year is further complicated by new data showing that while the job market remains strong, inflation remains high. The Producer Price Index, which measures wholesale inflation, rose 0.6% in February, twice the Dow Jones estimate of 0.3% and the 0.3% rise recorded in January, the Labor Department […]
Key inflation gauge hits highest level since September ahead of Fed meeting
U.S. wholesale prices accelerated again in February, as inflationary pressures in the economy remain high and may not ease as quickly in coming months as the Federal Reserve and the Biden administration hope. This is the latest sign of this. The Ministry of Labor said on Thursday: producer price index The index, which tracks inflation […]
Soft Retail Sales Keep Alive Fed Rate-Cut Hopes – Investor's Business Daily
Retail sales rebounded weaker than expected in February, but new jobless claims fell to very low levels and prospects for Federal Reserve interest rate cuts are mixed. Producer price index data also showed a mixed picture for the Fed’s key inflation measure, the core PCE price index. X S&P 500 futures remained marginally higher after […]
Biden’s ICE officials met with left-wing group that wants to ‘abolish’ fed agency
Immigration and Customs Enforcement (ICE) leaders met with a group of left-wing activists who regularly march against the agency and proudly proclaim that they want to “abolish” the agency. ICE held the meeting with the National Immigration Project as part of the agency’s “efforts to engage stakeholders in all areas of immigration policy.” According to […]
Kansas to pay $1M in suit over 7-year-old who was tortured, fed to pigs
A Kansas lawsuit over the 2015 murder of a 7-year-old boy says the state’s child welfare agency should have starved and tortured him and removed him from an abusive home before feeding his body to pigs. The company agreed to pay $1 million to settle the lawsuit. Gov. Laura Kelly and top leaders in the […]
Latest Inflation Data Means the Fed Cannot Cut Rates
Breitbart economics editor John Carney said Tuesday on Fox Business Network’s “Kudlow” that the latest inflation numbers mean the Federal Reserve could potentially not cut interest rates. Anchor Larry Kudrow said, “John, let’s start the game. How bad was this? “This was really bad. Not only was it higher than expected, it confirmed that January […]
Americans expect high inflation to linger in latest New York Fed survey
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.” Americans are bracing for continued high inflation for years to come, according to a major New York Fed survey released Monday. The median expectation is inflation rate According to the New […]
Fed Chair Jerome Powell says inflation progress ‘not assured’
Federal Reserve Chairman Jerome Powell told U.S. lawmakers on Wednesday that he still expects a rate cut later this year, but added that progress in lowering inflation is “not guaranteed.” “If the economy continues broadly as expected, it would be appropriate to begin tapering policy restraints at some point this year,” Powell said in preparation […]