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 […]
Joe Rogan says ‘nitwits’ in government ‘f—ed up’ by locking horns with Elon Musk
Podcaster Joe Rogan argued that political establishment members take into account that “super genius” Tesla founder Elon Musk is reforming the system. Musk-led Government Efficiency (DOGE) has cancelled millions of dollars on government contracts that the administration calls taxpayer dollars a waste. President Donald Trump also hunted Doge this Tuesday. The executive order directed the […]
Inflation Stayed Sticky in January, Keeping Fed Rate Cuts at Bay – The New York Times
US inflation rose to 3% in January, and the Federal Reserve stepped up its lawsuit to extend its suspension of interest rate cuts. The consumer price index jumped higher than expected, with data from the Labor Bureau of Statistics Office shown Wednesday, up 0.5%, the fastest monthly increase since December to August 2023. Last month, […]
Sec. Sean Duffy says fed government is streamlining repairs to critical highway damaged by Hurricane Helene
US Secretary of Transport Sean Duffy visit Tennessee said Monday that the Trump administration is working with local officials to accelerate repairs to key highways to North Carolina. Interstate 40 normally offers 24,000 vehicles a day through South Appalachians, but has halted its power of attorney after being damaged by a landslide during a catastrophic […]
Powell pushes back on Musk/DOGE, says Fed ‘overworked’ not ‘overstaffed’
Senator Rand Paul, R-Ky. discusses the importance of reducing federal budgets in “making money.” Federal Reserve Chairman Jerome Powell updated his pushback to Elon Musk's claim that the Fed is overabundance at Tuesday's Congressional hearing. Powell testified before the Senate Banking Committee on the six-annual update on monetary policy and the economy, and was asked […]
Fed Hit the Gas Before the Election—Now Powell Is Pumping the Brakes
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that central banks see little urgency towards lowering interest rates, citing the resilient labor market and prolonged inflation risks. The comment reinforced expectations that the Fed will remain stable at the next meeting despite the economic situation becoming softer last year. “Our policy stance is far less […]
Musk on Ron Paul as Fed chairman: 'Great idea'
Elon Musk appeared to support a proposal in X's post that conservative commentator Charlie Kirk's former MP Ron Paul (Texas) would replace Jerome Powell with the chairman of the Federal Reserve System. “Amazing idea!” Reply with x In a statement from Kirk, Paul said, “it will create a great next chairman of the Federal Reserve.” […]