Fed Employees Pour Cash Into Blue Coffers, Leaving GOP Out in the Cold
According to OpenSecrets.org, Federal Reserve employees have overwhelmingly donated to Democrats this election cycle, with $552,000 going to blue candidates and only $51,000 going to Republican candidates. It was a dollar amount. The woeful underestimation of Republicans underscores concerns that the Fed is becoming politically unbalanced. The Fed has tremendous influence over the economy, and […]
Elon Musk backs call to place Fed under Trump’s control
President Trump's ally Elon Musk, the billionaire founder of Tesla and SpaceX, has expressed support for the president-elect's controversial attempt to bring the Federal Reserve under White House control. On Friday, Musk responded to Republican Sen. Mike Lee's (Utah) post about X with a “100” emoji. “The executive branch should be under the direction of […]
Silver (XAG) Forecast: Price Pressure Builds as Fed Caution, Yields, and Dollar Firm Up – FX Empire
Daily US Dollar Index (DXY)The dollar's solid performance on Monday reflects increased market expectations for Wednesday's October inflation data. Economists expect the CPI to rise 0.2% month-on-month, or 2.5% annually, and core inflation to remain at 3.3%. The producer price index is expected to rise 0.3% month-on-month, or 2.3% annually. Robust inflation data could boost […]
EUR/USD ticks down as Fed officials line up for interest rate guidance – FXStreet
EUR/USD remains sensitive as investors await new interest rate guidance from a number of Fed speakers. The euro weakened as President Trump's policies were expected to weigh on euro zone exports. This week, investors will focus on October's US inflation data. In European trading on Monday, EUR/USD is trading cautiously near a four-month low of […]
Hasidic wife fed up with waiting years for religious divorce takes quest for freedom to the skies: ‘Ready to go nuclear’
A Hasidic woman who has been fighting for years for a religious divorce from her husband upped the ante this week by publicizing her long-term plight over Brooklyn. On Monday, the plane circled Williamsburg for three hours, dragging a banner behind it that read, “Release Mrs. Agna Steinmetz Now!!!” “Agna” means “chained woman” in Hebrew. […]
Bad news from the FED for millions of retirees – Confirmed problem with Social Security payments as of this date – La Grada EN
Social Security recipients, especially retirees, may receive some unsatisfying news about the new system. Cost of Living Adjustment (COLA) Announcement confirmed. The Federal Reserve has warned that these important payments could be further cut in the coming years, forcing pensioners to deal with reduced increases in their Social Security income. Now that inflation is under […]
Gold (XAU) Price Forecast: Fed, CPI, and PPI Set the Stage for Gold’s Next Move – FX Empire
Weekly US Dollar Index (DXY)Following Donald Trump's victory in the US presidential election, the US dollar strengthened significantly, putting downward pressure on gold prices. The dollar index rose 0.6% for the week, reaching its highest level since July, while gold fell, reflecting risk-off sentiment among traders who poured money into assets that could benefit from […]
The Fed just cut interest rates again, this time by a quarter of a percentage point
The Fed's rate cut comes as inflation approaches the 2% level. (iStock ) of the fed just cut interest rates This is the second time this year, and the move was largely expected as inflation continues to decline. The Federal Reserve cut its policy rate by a quarter of a point from 4.5% to 4.75%. […]
Stock Market News: S&P 500 Set to Open Down After Fed Cuts Rates – Barron's
Fed Chairman Jerome Powell took the market ball away from Donald Trump. His comments did not derail the market's rally, but early Friday the market appeared poised for a pause. S&P 500 futures fell 0.1% and Nasdaq 100 futures fell 0.3%. Dow Jones Industrial Average futures rose 10 points, or less than 0.1%. As most […]
Monica Crowley: The American people are fed up
Former Assistant Treasury Secretary Monica Crowley reacts to Sen. JD Vance’s interview with ABC News host Martha Raddatz on … source