Fed Board fired four staffers, disciplined five others for sexual harassment: report
The Federal Reserve fired four employees and disciplined five others after receiving complaints alleging sexual harassment between 2020 and 2023, according to the report. The Federal Open Market Committee, one of the Fed's three main agencies along with the Federal Reserve, received a total of 11 sexual harassment complaints during that period, according to documents […]
The ‘party of the people’ forgot the people — and the people got fed up
Americans are waking up to the reality that the Democratic Party no longer fights for their values and are leaving the Democratic Party in droves. For years, the Democratic Party has claimed to represent the working class, but more and more people are realizing that this is little more than lip service. The party has […]
US Dollar declines as market awaits Fed signals – FXStreet
The US dollar fell on Friday due to profit-taking. Fed speakers are scheduled to comment on monetary policy on Friday, which could set the pace for the rest of the session. US housing statistics show a decline in building permits and housing starts. The U.S. Dollar Index (DXY), which measures the value of the U.S. […]
Consumers see debt delinquency risk rising, higher long-term inflation: NY Fed
Capitalist Pig hedge fund manager Jonathan Honig reflects on the market rebound, concerns for ordinary Americans amid inflation, and his stock picks. Last month, U.S. consumers' expectations about the risk of debt default rose to the highest level in more than four years, while concerns about higher inflation over the long term also grew, according […]
Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet
The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]
Gold price bulls not ready to give up despite bets for smaller Fed rate cuts – FXStreet
Gold prices have attracted some bullish buyers, halting declines from Monday's more than one-week high. Geopolitical risks will drive flows into some havens, but a stronger U.S. dollar could limit commodity gains. Signs of a slowdown in China, the largest consumer of bullion, could put further pressure on XAU/USD. Gold prices (XAU/USD) retreated intraday from […]
Gold surges on mixed US data, increased Fed rate cut speculation – FXStreet
Gold rose 1% on Friday and is on track to end the week up 0.20%. US PPI data is slightly better than expected, suggesting inflation is falling but stalling above target, while UoM consumer sentiment highlights concerns over rising costs of living I'm doing it. Despite rising U.S. Treasury yields, with the 10-year note rising […]
Dollar Extends Weekly Gaining Trend as Traders Trim Fed Cut Bets – Yahoo Finance
(Bloomberg) — Traders are pushing the dollar toward a second straight week of gains as they anticipate a slowing pace of interest rate cuts by the U.S. Federal Reserve. Most Read Articles on Bloomberg The Bloomberg Dollar Spot Index rose 0.5% this week, even as some other central banks consider further monetary easing to support […]
Pro-Trump group sues fed agencies for allegedly concealing records on assassination attempt suspect Ryan Routh
Fox’s first – A pro-Trump group has filed a lawsuit against multiple federal agencies, accusing them of illegally concealing the records of Ryan Routh, the suspect indicted in former President Donald Trump's second assassination attempt. On Thursday, America First Legal (AFL) filed a lawsuit against the U.S. Department of State, Department of Defense (DOD), Department […]
Fed minutes show big rate cut favored by ‘substantial majority’
At the September central bank meeting, a “substantial majority” of Federal Reserve officials supported starting an era of monetary easing with a deep half-point rate cut. But just-released minutes of the two-day meeting suggest there was broader agreement that the initial action did not commit the Fed to a specific pace of future interest rate […]