Fed’s preferred inflation gauge hit lowest level in 3 years in December
The Fed's preferred measure of inflation rose just 0.2% from November to December, its lowest level in nearly three years. The latest data on the Personal Consumption Expenditure Price Index (also known as “core inflation,” which subtracts food and energy costs) is likely to whet the appetite of Wall Street investors hoping for a Fed […]
Fed’s Favorite Inflation Gauge Shows Prices Rising Again
A key U.S. inflation measure showed prices rose again in December, suggesting that the respite in price increases seen the previous month was short-lived. The personal consumption expenditure price index rose 0.2% month-on-month, in line with expectations and up from -0.1% in November. This is the largest month-on-month increase in the PCE price index since […]
Fed’s favorite inflation gauge rose 0.2% in December
Phil Orlando, chief stock market strategist at Federated Hermes, shares his expectations for the path of inflation this year. What is attracting attention as a countermeasure against inflation is federal reserve It rose in December after falling the previous month as high prices continued to weigh on millions of Americans. According to the Department of […]
Feds: Drug enforcement task forces arrest nearly 200 suspected drug traffickers
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The Fed’s Powell will have to play politics to keep his job
New Hampshire voters weighed in on whether economic conditions were a concern heading into the 2024 election, with some voters continuing to cite high costs. It's time to abandon the naive belief that Chairman Jerome Powell's Federal Reserve is apolitical or data-driven. Neither, and his actions prove it. Political pressure on the Fed has reduced […]
Republican House bill would bar feds from cutting border razor wire
Republican Rep. Mike Collins announced a bill Thursday that would prohibit the Biden administration from cutting with razor wire or tearing down other barriers Texas has built near its southern border. The Administrative Zealot Raiders Restricting Obligations Act (RAZOR) prohibits “removing or otherwise altering barriers erected by the State to mitigate illegal immigration.” ing. “President […]
Vance unveils bill barring feds from taking down border fencing erected by states
Sen. J.D. Vance (R-Ohio) said Thursday that the federal government will remove fences on the U.S.-Mexico border, days after the Supreme Court ruled that the federal government can remove razor wire in Texas. He has proposed a bill that would prohibit this. invoice, Title: State Border Security ActIt would prevent federal agents from removing barbed […]
Republican Governors Across U.S. Stand with Texas Against Feds
A growing list of Republican governors has announced their support for Texas Gov. Greg Abbott in his state's showdown with the Biden administration over the takeover of the Eagle Pass border park. House Speaker Mike Johnson also expressed support. Republican governor officials expressed support for Texas and Governor Abbott's fight against the Biden administration's open […]
Republican lawmakers push to ban feds from removing border barriers after Supreme Court defeat
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Texas Defies Feds — ‘We Will Continue to Deploy Razor Wire’
The Texas Department of Military Affairs said it will continue to “hold the line at Shelby Park” in efforts to “deter and deter illegal entry into Texas.” The Texas National Guard's action comes despite a second request from the Department of Homeland Security earlier this month for the state to release control of the park, […]