US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts – WOLF STREET
Amid renewed concerns about inflation and above-average economic growth. Written by Wolf Richter of Wolf Street. dollar index [DXY] The index, which pegs the U.S. dollar against a basket of six currencies dominated by the euro and yen (euro, yen, Canadian dollar, British pound, Swedish krona and Swiss franc), has so far risen to 107.6, […]
Democrats fed up with own party after Trump win: 'Afraid' to speak out
‘Fox & Friends’ co-hosts discuss Democrats’ outrage at their party over the 2024 election results. #FoxNews Subscribe to Fox … source
Australian Dollar pares gains as US Dollar remains steady due to cautious Fed – FXStreet
The Australian dollar faces challenges due to increased risk aversion. Minutes of the RBA meeting could provide further insight into the central bank's policy outlook on Tuesday. The US dollar strengthened after hawkish comments from Federal Reserve officials. The Australian dollar (AUD) came under downward pressure against the US dollar (USD) on Monday. However, Reserve […]
Maher blasts left ‘doubling down’ on what ‘f—ed’ them in election: ‘Take one week to ask what you did wrong’
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The Fed May Cut if Trump Raises Tariffs
Fed does not consider tariffs to be inflationary A question we often get asked is how the Federal Reserve is likely to react to President-elect Donald Trump's tariffs. Simply put, The Fed is likely to ignore them. Critics of tariffs argue that: Raising tariffs on imports would cause inflation, slow U.S. growth, and even push […]
King Charles fed up with ‘fragile’ Prince Andrew after he avoids eviction: expert
King Charles is fed up with his brother Prince Andrew's antics, according to a royal expert. After officially cutting off his brother's financial lifeline last month, the monarch was able to spend an extra million million on his 76th birthday celebrations on Thursday. The disgraced Duke of York, 64, was set to leave the Royal […]
Fed Chair Jerome Powell says central bank in no rush to reach ‘neutral rate’
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about Fed Chair Jerome Powell's job and what steps President Trump will take to expand Bernie & Company's economy. Federal Reserve Chairman Jerome Powell He said Thursday that central bank policymakers are in no hurry to cut interest rates to the so-called “neutral rate” and […]
The Fed is Compromised — More Than 90% of Federal Reserve Employee Political Donations Go to Democrats
Breitbart News economics editor John Carney told Fox Business Network's “Kudlow” on Friday that more than 90% of Federal Reserve staff's political contributions go to Democrats. Host Larry Kudlow said, “As you write this, I didn't know that 91% of the Federal Reserve's donations go to Democrats.” It's an outrageous story, but you're saying it […]
Jerome Powell says no need for Fed to rush rate cuts
Federal Reserve Chairman Jerome Powell said Thursday that continued economic growth, a strong job market and inflation above its 2% target mean there is no need for the central bank to rush to cut interest rates. He said this meant that the matter could be carefully considered. Powell's comments echoed growing expectations in financial markets […]
New York Fed data shows credit card debt hit another record
Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers are racking up credit card debt amid a surge in spending. Americans' credit card debt continues to rise, hitting a new record at the end of September, according to a new report from the New York Fed. Total credit card debt […]