December Inflation clouds Fed’s outlook on interest rate cuts
Gasoline prices were the main contributor to the rise in inflation in December. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.9% in December, slightly higher than the previous month's annual inflation rate of 2.7%. Published by the Bureau of Labor Statistics (BLS). The inflation rate in December rose […]
Capital One sued by feds for avoiding billions in interest payments
Capital One was charged Tuesday by the U.S. Consumer Financial Protection Bureau, which alleges the bank illegally defrauded customers of its flagship “high-interest” savings accounts out of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One offers depositors one of the “best”, […]
FBI Director Wray explains why he’s resigning, defends feds’ raid of Trump’s Mar-a-Lago
Outgoing FBI Director Christopher Wray on Sunday defended an FBI investigation into the 45th president's Florida mansion in 2022, saying he wants to avoid getting the FBI “deeper into the fray” of President-elect Donald Trump. He announced that he would resign following his appointment. FBI director talks about impending resignation, controversial search of classified documents […]
Redacted Russiagate docs show the feds are STILL lying about Trump and their putsch attempt
Federal authorities are still Lies and obscurations about the Russiagate conspiracy against Donald Trump: Witness the recent release of documents on the origins of the FBI investigation, years delayed and heavily redacted. This came to light thanks to the persistent efforts of the folks at RealClearInvestigations. The biggest thing the agency is still hiding is […]
The Fed’s View of the Economy Is Burning
December jobs report highlights Fed mistakes The Fed may not have a good reputation. Burning out as quickly as Los AngelesBut the outcome is likely to be the same: rubble, ash, condemnation, and expensive reconstruction. The Labor Department said Friday that the U.S. economy is 257,000 jobs added in Decemberexpectations that job growth would fall […]
Cracks Emerge in the Fed’s Rate Cut Consensus
End of cutting cycle? The bond market is not the only one questioning the stance of monetary policy. Federal Reserve officials are also seeing some light. After cutting interest rates completely since September, at least some Fed officials seem to be thinking: Questions whether further mitigation is justified. Judging by recent statements and the latest […]
‘DOGE’ senator seeks to ensure feds can continue pursuing COVID fraudsters, debtors, as IG sounds alarm
First appearance on Fox: DOGE's top senator says he was warned by a government watchdog that default rates on coronavirus-era PPP loans were “alarming” and now wants to hold fraudsters accountable He said he was thinking of doing so. In a letter to U.S. Sen. Joni Ernst (R-Iowa), Brian Miller, Inspector General for Pandemic Recovery […]
NY saw 53% spike in homelessness in 2024 — largely due to migrants in NYC shelters: feds
New York faced a staggering 53% spike in homelessness last year, making it the highest per capita homelessness rate in the nation, according to federal officials. This is largely due to an influx of immigrants who have been housed in shelters in the Big Apple. More than 158,000 people in the Empire State don't have […]
Fed’s Waller sees cooler inflation despite higher forecasts
U.S. Federal Reserve President Christopher Waller responded to the central bank's forecast for rising prices and growing expectations among investors that the Fed may not cut rates significantly this year. , showed a redoubled stance on further interest rate cuts and curbing inflation. “We believe that inflation will continue to move toward our 2% target […]
Stuntwoman personal injury attorney staged car crashes for profit: feds
A former stuntwoman turned lawyer is facing federal charges for allegedly staging a car crash in New Orleans to create fraudulent insurance claims and lawsuits, federal authorities said. The U.S. Attorney's Office says Vanessa Motta, 43, her disbarred lawyer fiance Sean Alfortish, and several other “slammers” intentionally collided with an 18-wheeler and left the scene. […]