Main points from the Fed’s recent choice to maintain interest rates while cautioning about stagflation.
Washington CNN On Wednesday, the Federal Reserve announced it would hold interest rates steady as signs of economic impact from President Trump’s unintended trade conflicts emerge. The central bank has maintained its approach since January, keeping its benchmark rates between 4.25% and 4.5%. Officials indicated a cautious stance is best as they await clearer data […]
EUR/USD retains its gains before the Fed’s monetary policy decision
The EUR/USD drops to around 1.1350 as the US dollar experiences a slight increase ahead of the Fed’s decision on monetary policy. Market participants will be closely watching the Fed’s guidance regarding the outlook for monetary policy. Conservative politician Friedrich Merz has been appointed German Prime Minister after a second attempt. The EUR/USD is set […]
Berkshire’s exit by Buffett, the Fed’s choice, and a wave of earnings: Key information for this week – Yahoo Finance
Last week had a keen focus on the weekend. On Saturday, Warren Buffett, the long-time CEO of Berkshire Hathaway (BRK-B, BRK-A), mentioned that he would recommend Greg Abel as his successor by year’s end. Abel was designated as Buffett’s successor back in 2021. This announcement followed another annual meeting where Buffett voiced concerns about Trump’s […]
Inflation is a result of the Fed’s mistakes, not a consequence of Trump’s tariffs.
On April 16th, Federal Reserve Chairman Jerome Powell indicated that the tariffs proposed by President Donald Trump might lead to increased inflation. This assertion begs a closer look at established economic principles. So, do tariffs genuinely drive inflation? Classical economics identifies three primary sources of government funding: taxes, debt, and inflation. Taxes, which come from […]
Fed’s favored inflation gauge showed price growth slowed in March
Forbes Chairman and Editor-in-Chief Steve Forbes warns of US prices rising amid global tariff tensions and rising among Federal Reserve leaders. The Federal Reserve's priority inflation gauge showed price growth slowed in March, indicating that inflation was close to central bank target rates. On Wednesday, the Commerce Department reported that the Personal Consumption Expense (PCE) […]
Aetna, Humana sued by feds over alleged Medicare kickback scheme
The Justice Department has accused three of the nation's largest health insurance companies of paying brokers hundreds of millions of dollars in exchange for piloting patients into insurance companies' Medicare Advantage Plans. in Litigation The DOJ, filed in federal court in Boston, alleged that CVS Health's Aetna, Evelance Health and Humana were engaged in a […]
Feds Bust 114 Illegal Aliens in Colorado Nightclub Raid
More than 100 illegal aliens were destroyed Sunday morning during an attack at an underground nightclub in Colorado Springs, Colorado. This operation, led by the Drug Enforcement Agency (DEA) Rocky Mountain Division; As a result 114 illegal aliens have been arrested, reported by Fox News. The outlet said authorities frequently visited the venue by violent […]
Helping People Escape Feds ‘Heroic’, ‘A Lot of’ Civil Disobedience May Be Needed
On Friday’s “PBS Newshour” broadcast New York Times Columnist David Brooks commented on the case of Milwaukee County Circuit Judge Hannah Dugan. And while this may not be the case in this particular example, “predatory enforcement agencies, sometimes civil disobedience, and although we don’t know if we will reach this point, we can reach this […]
Canadian feds to sieze iconic ‘Big Red’ as Freedom Convoy persecution rolls on
Saskatchewan truck driver Chris Barber took him to X on Friday. Photos have been posted “Big Red,” his 2003 Kenworth W900LR. So he reminded me of Canada’s upcoming federal elections on April 28th. “This is my living, the earner who has fed my family for years, and the Crown is trying to destroy my life […]
‘Cold To Rights’: Hugh Hewitt Thinks Feds Have ‘Open And Shut’ Case Against Milwaukee Judge
Syndicate Radio host Hugh Hewitt told Fox News Friday that federal authorities appear to be filing an “open” lawsuit against Milwaukee County Circuit Judge Hannah Dugan. Federal agents arrested Dugan on Friday morning after allegedly assisting illegal immigrants who faced violent crime charges to avoid immigration authorities on April 18. During a panel discussion on […]