The Fed’s preferred inflation gauge just moved in the wrong direction – CNN
Yuki Iwamura/Bloomberg/Getty Images A shopper carries a Macy’s bag outside the company’s flagship store in New York’s Herald Square neighborhood on April 11. CNN — Inflation remained high last month, but that hasn’t stopped Americans from spending. The Personal Consumption Expenditure Price Index, closely watched as the Federal Reserve’s favored inflation indicator, accelerated to 2.7% […]
Fed’s preferred inflation gauge rose 2.8% in March
Prices rose again at an unexpectedly fast pace in March, according to the Fed’s recommended inflation measure, pushing back the timing of interest rate cuts again. The Core Personal Consumption Expenditure Price Index rose 0.3% in March from the previous month and 2.8% from a year earlier, according to the latest data from the Bureau […]
Judge rules feds improperly implemented Pacific sardine restoration plan
A federal agency’s plan to rebuild sardine populations in the Pacific Ocean was not properly implemented and failed to prevent overfishing, a California judge ruled this week. Monday’s ruling by U.S. Magistrate Judge Virginia DeMarchi was a victory for environmentalists who said authorities have not ensured that sardine stocks will recover within the legally required […]
Report Says 13 Banks Helped Feds Spy on Trump Supporters
The Daily Mail reports that Republicans in Congress are investigating more than a dozen banks for “conspiring with the federal government to spy on Americans after the January 6 protests.” The alleged witch hunt was to look for “vestiges of ‘extremism’.” You won’t be at all surprised to learn what is considered an “indicator of […]
Border crisis: Abbott hits 100 days since locking out feds in Eagle Pass
Border Patrol agents remain unable to access the border in Eagle Pass more than 100 days since Texas Gov. Greg Abbott (R-TX) ordered the state military to fence the area to prevent federal police from cutting through state-installed barbed wire. Federal law enforcement has been locked out of a strip of the border in south-central […]
Feds Arrest Migrant Shoplifting Gang After Five Years in New England
Federal agents have finally begun arresting a suspect affiliated with an organized crime ring of immigrants accused of stealing tens of thousands of dollars in merchandise from stores across New England. Announced by the US Department of Homeland Security. arrest Marvin Estuardo Morales de Paz, 33 years old. Abraham Dager-Enrique, 24 years old. Sebastian Rajuji […]
Fed’s Powell says inflation data this year shows a ‘lack of progress’
Philip Palumbo, founder and CEO of Palumbo Wealth Management, offers tips on how investors can build a healthy portfolio in The Craman Countdown. federal reserve Chairman Jerome Powell The governor said on Tuesday that it would likely take “longer than expected” for inflation to reach the central bank’s 2% target, raising new questions about when […]
TERENCE P. JEFFREY: Feds Collected Nearly $35,000 Per Household In Taxes In 2023
The federal government collected approximately $34,400 in taxes per American household in calendar year 2023, according to data published by the Treasury Department and the Census Bureau. From January through December 2023, according to the Monthly Treasury Statements, the federal government collected a total of $4,521,306,000,000 in taxes. The Census Bureau estimated there were approximately 131,434,000 households in […]
Jesse Watters: The Feds zero in on Diddy
Fox News host Jesse Watters discusses the latest developments into the investigation of Diddy as his inner circle is getting … source
Not Just Bitcoin: Gold’s Price Dropped 4% in Hours After Fed’s Latest Rate Cuts Comments – CryptoPotato
Cryptocurrency markets are known for, and criticized (by some), for their volatility, and a case in point is the sharp drop in prices over the past 12 hours or so, leaving behind nearly $1 billion in liquidations. . Bitcoin was one of the least affected assets, with its price falling from about $71,000 to about […]