Fed’s preferred inflation gauge was up 2.6% in May
The key inflation measure the Fed uses to track price growth rose 2.6% last month, in line with analysts’ expectations. Stock market futures rose across the board early Friday as investors expect central banks to cut interest rates later this year. The personal consumption expenditures index (PCE) is the Fed’s preferred inflation measure. The personal […]
It was a $6.6B deal for 9 years. Then the feds reneged. Did politics play a role? – The Washington Post
On the surface, 1-800-MEDICARE is a government success story: a popular free service that helps tens of millions of older Americans understand their health insurance and health care options. Federal officials say the call line boasts a 95 percent satisfaction rate. But behind the scenes, the multibillion-dollar job of running Medicare call lines and similar […]
Want Better Higher Ed? Get the Feds Out
Estimated Reading Time: 5 minutes Two things seem like they should go without saying: People use their own money more efficiently than they use someone else’s, and the more you subsidize a thing the more of it you tend to get. Both profoundly apply to American higher education, a teetering tower of ivory made simultaneously […]
Feds charge nearly 200 doctors, nurses and others in $2.75B health-care scam
The Department of Justice has indicted 193 people, including 76 doctors, nurses and other medical workers. $2.75 billion worth of health care fraudThe department made the announcement on Thursday. A two-week investigation nabbed defendants accused of illegally distributing millions of stimulant Adderall pills. Attorney General Merrick Garland said those charges included a $176 million fraud […]
Feds seeking new Trump gag order list slew of ex-prez’s statements they say led to threats against them
Prosecutors in Donald Trump’s Florida papers case say the former president has made a series of public comments that have led to threats against prosecutors, the FBI and court officials — all evidence that a gag order should be issued against Trump. Federal lawyers from Special Counsel Jack Smith’s office submitted dozens of documents to […]
Feds stop massive number of Haitian illegal immigrants landing by boat in this red state
Border Patrol agents stopped more than 100 illegal Haitian migrants in Florida on Wednesday as they tried to cross into the United States, renewing concerns about an often-hidden part of the ongoing migration crisis. “At approximately 4 a.m., U.S. Border Patrol agents, assisted by federal, state and local law enforcement, responded to a migrant landing […]
Fed’s Bowman Sees No Cuts This Year, Warns of Possible Rate Hike
Bowman issues warning to rate cutters Market remains most underestimated risk Federal Reserve Rate Hikes. The Federal Funds futures market The Federal Reserve is almost certain to cut interest rates They see a 94% chance of at least one rate cut by the end of the year and a 65% chance of two cuts by […]
Feds Surveilling Thousands Of Americans’ Mail Each Year
The United States Postal Service (USPS) gave law enforcement thousands of names, addresses and other details from the letters and packages of Americans without court approval, The Washington Post reported Monday. The USPS said it generally only granted information requests from law enforcement agencies when it aided in tracking down a crime suspect; however, records […]
Fed’s Bowman sees no interest rate cuts this year
“The Craman Countdown” panelists Kate Moore and Joseph LaVorgna predict the Federal Reserve’s interest rate movements and yield curve normalization. Federal Reserve Governor Michelle Bowman said Tuesday that the central bank does not plan to cut interest rates before the end of the year and is prepared to raise rates again if inflation progress stalls. […]
‘Pirate’: Feds Convict Five For Running Illegal Multimillion-Dollar Streaming Service
A federal court in Las Vegas convicted five suspects of running one of the largest illegal television streaming services in the U.S. since 2007 and raking in millions of dollars at the expense of television program copyright owners, prosecutors announced Thursday. The court convicted Kristopher Dallmann, Douglas Courson, Felipe Garcia, Jared Jaurequi and Peter Huber, […]