Australian Dollar rises as Fed’s Williams slows down rate increases
The Australian Dollar gained over 0.34% against the US Dollar on Tuesday, showing some resilience as news remained sparse. The AUD/USD pair was trading at 0.6983 amid mixed US economic data and ongoing conflicts in the Middle East. AUD/USD demonstrates strength as Fed policy shifts and RBA tightening impact market outlook US stock markets ended […]
Feds and local police start a joint law enforcement effort called ‘Operation Save Skid Row,’ carrying out a series of raids in downtown L.A. and nearby regions.
Major Drug Enforcement Operation in Skid Row Federal and local law enforcement have initiated a significant joint operation, referred to as “Operation Save Skid Row,” targeting drug-related activities in Downtown Los Angeles and nearby residential areas. This coordinated effort, which brought together federal agents and members of the Los Angeles Police Department, focused on executing […]
The Fed’s Tariff Chart Reveals an Unexplained Deflation
The Mystery Deflation in the Fed’s Tariff Chart Recently, we addressed how the New York Fed’s latest paper does not convincingly argue that tariffs have resulted in higher inflation. The paper does enhance the previous analyses by the same group of economists by demonstrating that some of the tariff costs were indeed passed on to […]
Little-known DOJ Memo Causes Feds to Withdraw Appeal of Handgun Ban for Those Under 21
The Department of Justice (DOJ) announced on Monday that it would withdraw its appeal regarding a federal law that barred handgun sales to adults under 21. This comes after the DOJ’s Office of Legal Counsel (OLC) declared the prohibition unconstitutional in a memo dated September 17, referencing recent judicial decisions, including the Bruen and Wolford […]
The Fed’s Tariff Calculations Don’t Equal Inflation
The Fed’s Tariff Study Assumes Its Own Conclusion The New York Fed recently released a paper authored by Mary Amiti and her team, discussing the impacts of tariffs. This paper has been interpreted by many as evidence that tariffs have led to increased consumer prices, with some reports suggesting that tariffs caused goods inflation to […]
How the Fed’s first rate increase in years affects your finances
Impact of Fed’s Interest Rate Hike on Consumers The Federal Reserve has recently implemented its first interest rate increase in over three years, which is expected to raise borrowing costs for many consumers, especially those with variable-rate debts like credit cards and home equity lines of credit. Earlier this month, the Fed made the unanimous […]
The Fed’s Ongoing Commitment to Secular Acceleration
The Fed’s Optimistic Shift on the U.S. Economy While many Americans remain quite skeptical about the state of the economy, the Federal Reserve has, quite interestingly, grown more optimistic. This shift is evident in the officials’ forecasts, which project faster growth and lower unemployment rates. Interestingly, they also expect that a stronger economy will function […]
Trump Claims Interest Rates Need to Be 1% or Below Following Fed’s Increase
Trump Advocates for Lower Interest Rates Following Fed Hike President Donald Trump expressed his belief that interest rates should be at one percent or lower after the Federal Reserve raised rates by a quarter of a percent on Wednesday. In a post on Truth Social, Trump urged for rapid reductions in interest rates. He stated, […]
Swiss Franc is still facing challenges versus the US Dollar, attention on the Fed’s policy
On Tuesday, the Swiss Franc (CHF) has weakened against the US Dollar (USD), with the USD/CHF pair slightly up, trading around 0.8178 in the Asian market. The weaker Swiss Franc comes as the US Dollar shows strength, fueled by expectations that the Federal Reserve (Fed) will raise interest rates during its policy meeting on Wednesday. […]
July PCE: Fed’s preferred measure of inflation stayed high
Inflation Data Rises Slightly Above Expectations The inflation measure favored by the Federal Reserve saw a minor uptick in July, with price increases staying above the central bank’s target range. According to the Commerce Department’s report released on Wednesday, the personal consumption expenditures (PCE) index rose by 0.2% from June to July, and year-over-year, it […]