Dow plunges after Fed chair’s rate comments spook markets
Wall Street’s main indexes fell on Monday as investors weighed U.S. corporate earnings, while U.S. Treasury yields rose after Federal Reserve Chairman Jerome Powell firmly pushed back on market expectations of an imminent rate cut. did. Powell said in an interview aired Sunday that more evidence of a sustained downward trend in inflation was needed […]
Cops ‘fed up’ Manhattan DA didn’t seek bail for cop-beating migrants
Police officers and other critics have criticized Manhattan District Attorney Alvin Bragg for denying bail requests for unruly immigrants arrested on suspicion of assaulting New York City police officers in Times Square. Veteran police officers told the Saturday Post that Mr. Bragg walked five immigrants after he was charged Wednesday with second-degree assault on a […]
Donald Trump says he would not keep Jerome Powell as Fed chair
Donald Trump, likely to be the 2024 Republican presidential nominee, has said that if he is re-elected, he will not reappoint Jerome Powell as Federal Reserve Chairman, and that the central bank’s plan to cut interest rates this year is in line with Biden. He claimed that it was only in the president’s interest. Asked […]
Trump blasts Powell as ‘political’ as Fed weighs rate cuts
Former President Trump has accused Federal Reserve Chairman Jerome Powell of being “political” and said the lifelong Republican could consider lowering interest rates to help Democrats in the 2024 election. suggested. “If we lower interest rates, we’ll probably do something to help the Democrats,” Trump said in an interview on Fox News Business Network’s “Morning […]
The Fed May Not Cut Until November
Jerome Powell’s Uncut Thunderbolt Groucho Marx famously said: Don’t join his club. But what happens when a club joins you? We have been discussing the following since early December: Economic growth was too strong to justify rate cuts In the first quarter of this year. The unemployment rate remained extremely low, and consumer spending was […]
Dems blame Kia and Hyundai for uptick in car thefts, pressure fed gov’t to issue recall
A coalition of elected leaders from around the country has recently been holding automakers Kia and Hyundai to account. Increase in vehicle theft. The group’s members recently reiterated their call to the federal government to: force a recall. On Wednesday, Seattle City Councilwoman Tammy Morales (D) participated in a virtual press conference along with other […]
Fed holds steady on interest rates, but outlook on when cuts will come remains cloudy
The Fed said it liked economic data but said it was too early to call for rate cuts. federal reserve system announced a widely anticipated fourth interest rate suspension. At its January meeting on Wednesday, it kept the federal funds rate unchanged at 5.25% to 5.5%, its highest level in 22 years. The central bank […]
Fed Says No To Imminent Rate Cuts
Fed counterattack of The Federal Reserve System Shocked On Wednesday, the central bank announced it would not cut rates until it was confident that inflation was heading toward 2%. The Fed said in a statement at the end of its two-day monetary policy meeting: “Until there is greater confidence that inflation is on a sustained […]
Fed holds interest rates steady, signals it is not ready to start reducing rates
Policymakers have raised interest rates sharply over the past year in hopes of quelling inflation and cooling the economy. of federal reserve On Wednesday, the governor kept interest rates unchanged for the fourth time in a row, leaving the door open for a rate cut later this year if inflation continues to subside. The widely […]
Fed declines to cut rates as inflation, consumer confidence improve
The US Federal Reserve (Fed) kept interest rates on hold on Wednesday after its first monetary policy meeting of the year. After months of strong economic data and slowing inflation, the Federal Open Market Committee (FOMC) left its benchmark interest rate unchanged at 5.25% to 5.5%. The decision was widely expected, but Fed watchers will […]