DOGE cuts to fed workforce akin to pastor’s warning of Holocaust, delegate says
Under hearing “Emergency” panel Addressing the effects of doges on Virginia's workforce, lawmakers evoked famous Holocaust-related quotes from reformed German clergymen who once identified with the Nazi Party. Virginia representative Joshua Cole claimed at Richmond's hearing Friday that his members were in the state's most concentrated congressional district. The call, representing Fredericksburg, is D-Va from […]
Musk’s demand that fed employees list accomplishments roils workforce: ‘Mass civil disobedience’
Elon Musk, Director of Government Efficiency, announced that federal employees must report results and lose their jobs since last week. “This is a good opportunity for large-scale civil disobedience. Masks have no authority to do this. All federal employees report their jobs, prepare GFY letters, and provide public service and patriotism. I encourage you to […]
Men busted trying to launch meth, tobacco over fed prison’s walls with air compressed cannon
A Colorado man became creative in Louisiana and used air compression cannons in a failed bid to fire drugs and cigarettes on federal prison premises. Jose Francisco Herrera Munoz, 18, and Angel Gonzalez Gutierrez, 19, used air cannons to make $89,500 methamphetamine over the fence with $112,000 worth of cigarettes and $89,500 methamphetamine. I attacked. […]
Fed officials flag rising inflation risks over Trump policies, tariffs
John Lonesky Group's president, while appearing in “Varney & Co.”, breaks down President Donald Trump's economic agenda. A trio of Federal Reserve officials concluded Thursday to pave the way for more interest rate cuts as the most likely scenario, whilst they still think inflation will be cool over time, the president's uncertainty Certainty Donald Trump's […]
Futures flat after Thursday's fall as markets await Fed, tariff cues – Yahoo Finance
(Reuters) – U.S. stock index futures remained pretty flat on Friday after investors fell in a previous session over President Donald Trump's tariff threat and the Federal Reserve's outlook for interest rates. All three indexes fell in the final session, even after downbeat forecasts from retail giant Walmart. Walmart rose 0.4% in pre-market trading on […]
Fed worried about inflation worsening in pausing rate cuts
Federal Reserve officials at last month's meeting pointed to an increased risk that inflation could worsen. This is the main reason why we haven't changed the benchmark interest rates. President Donald Trump's proposed tariffs and massive immigrant deportation and strong consumer spending could boost inflation this year, according to minutes of the January 28-29 meeting […]
Fed minutes show tariffs factored into concerns about higher inflation
Fox Business Correspondent Gerri Willis reports on the impact of tariffs on home builders and categorizes the latest housing data. Federal Reserve policymakers have noted the potential impact of changes in trade policy, such as higher tariffs, which contribute to concerns about high inflation in minutes from the latest conference. Minutes released Wednesday from a […]
No Sign of Tariff Inflation Worries in Atlanta Fed Survey
A monthly survey by the Federal Reserve Bank of Atlanta shows that businesses do not expect tariffs to cause higher inflation. The expected inflation over the next year was relatively unchanged at 2.3%. This was a slight increase from a month ago, and was in line with expectations last February. Businesses in the Federal District […]
Forex Today: US Dollar consolidates losses, markets await comments from Fed officials – FXStreet
Here's what you need to know on Monday, February 17th: The major currency pairs trade near the closure level of the previous Monday, as trading terms remain thin, and US financial markets remain closed in compliance with President's Day holidays. The economic calendar does not provide a release of high-rise data, but investors will pay […]
January inflation gives Fed more reason to hold on interest rate cuts
Egg prices rose more than 15% in January. (ISTOCK)) Annual inflation rose to 3% in January, rising above expectations, giving the Federal Reserve further reason to slow interest rate cuts. According to the Consumer Price Index (CPI), inflation rose 0.5% each month, slightly above expectations, up over the previous month's 0.4% increase. Released by the […]