Mets owner Steve Cohen casts doubt on Fed’s ability to get to 2% inflation target
Steve Cohen, the hedge fund billionaire who owns the New York Mets, said Wednesday that the Federal Reserve faces a difficult path to bringing inflation down to its 2% target. “The Fed thinks inflation will eventually settle down to 2%. … I think that’s a tough call,” Cohen said. CNBC’s “Squawk Box.” The founder and […]
NJ, feds to duke it out in court over $15 congestion pricing toll
The hotly contested issue of whether to move forward with New York’s $15 congestion charge is being fought in federal court this week as New Jersey seeks to block the bill. Lawyers for the Garden State argued Wednesday and Thursday in a Newark courtroom over whether enough research was done to assess the impact of […]
Feds Funding Research To See If Microaggressions Are Making ‘Latinx’ People Fat, Nicotine-Addicted Alcoholics
The federal government is spending nearly $1 million on research to examine whether racial microaggressions negatively impact the health of Hispanics. Researchers at the University of Houston are funding a $950,000 grant from the Department of Health and Human Services (HHS) and National Institutes of Health (NIH) to investigate whether ethnic microaggressions against “Latino” populations […]
Sons of ‘Diddy’ hire mob lawyer as mom blasts feds, releasing video of mansion raid
Shocking home surveillance video taken from one of Sean “Diddy” Combs’ mansions shows federal agents in tactical gear bursting into the luxurious mansion and carrying out two raids on the mogul’s estate last week. He is seen escorting his sons as they execute one of the search warrants. Combs’ ex-girlfriend and mother of his two […]
Atlanta Fed’s GDP Tracker Jumps to 2.8% for First Quarter
Economic growth appears to be running nearly twice as fast as the Fed expected at the end of last year, raising doubts about whether the central bank will cut interest rates before the end of the year. The Atlanta Fed’s GDP Now Tracker, which estimates gross domestic product based on future economic data, showed first-quarter […]
Feds Reportedly Probed Transactions Linked To Joe Biden’s Brother In Connection With Criminal Investigation
South Florida investigators previously probed transactions tied to Jim Biden, the brother of President Joe Biden, as part of a criminal investigation, according to Politico. The investigators are examining a business deal involving Jim Biden as well as numerous loans issued to Americore — a failed healthcare company for which Jim Biden used to work […]
Inflation Remains Stubbornly High as Fed’s Preferred Gauge Rises 2.5 Percent
Prices rose again in February, casting further doubt on previous predictions that inflation would continue to fall in 2024. of personal consumption expenditure The PCE price index rose 2.5% in the 12 months through February, outpacing the 12-month inflation rate of 2.4% recorded in the previous month, the Commerce Department said Friday. This is the […]
Sean ‘Diddy’ Combs owes nearly $100M in mortgages on luxury LA, Miami mansions raided by feds: report
Sean “Diddy” Combs reportedly owes nearly $100 million in mortgage payments on three mansions in Los Angeles and Miami that were raided by federal agents this week. The embattled rapper took out eight bank loans to purchase the sprawling property, totaling a whopping $140 million. Daily Mail reported. The Department of Homeland Security announced Monday […]
Baltimore Key Bridge: House Republicans divided after Biden vows feds will foot the bill
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Fed’s Jerome Powell keeps rate-cut outlook despite stalling inflation data
Federal Reserve Chairman Jerome Powell commented on Friday that the latest U.S. inflation data is “in line with what we expect,” maintaining the central bank’s benchmark for rate cuts this year. He made a comment like this. Chairman Powell said the personal consumption expenditure price index data released Friday was “what we expected,” and even […]