Fed cuts interest rates a quarter point as 2025 outlook remains ‘uncertain’
The U.S. Federal Reserve cut interest rates on Wednesday as expected, but signaled they would cut less in 2025 than originally expected, sending the Dow Jones Industrial Average soaring more than 1,100 points. The Federal Reserve has cut interest rates by 25 basis points to a range of 4.25% to 4.50%, and the Summary Economic […]
Fed cuts interest rates by quarter point despite firmer inflation
The Fed cut interest rates by a quarter of a percentage point on Wednesday, in line with market expectations, even as inflation has accelerated again over the past two months. Fed officials have been trying to find the right tempo of rate cuts since they began cutting rates by a deep half-point in September, but […]
Despite Fed cuts, many store credit cards are still charging extreme interest rates to customers – NBC News
Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs) despite moves by the Federal Reserve to lower economic interest rates. In a report released Wednesday, the Consumer Financial Protection Bureau found that 19% of retail cards had an annual interest rate of more than 35%, which is less than […]
Fed Cuts Key Interest Rate By A Quarter Point
The U.S. Federal Reserve on Wednesday announced its third consecutive interest rate cut, a move widely expected by investors and financial markets. The Federal Reserve has cut its benchmark interest rate by a quarter of a percentage point and said its future target range will be 4.25% to 4.50%. The Fed has now cut the […]
Federal Reserve cuts interest rates by quarter-point in December
The Fed is widely expected to cut interest rates for the third time this year. The Federal Reserve on Wednesday announced its third straight interest rate cut, cutting its benchmark interest rate by 25 basis points, following economic data showing that inflation remains above the central bank's target rate. The 25 basis point rate cut […]
Internal Watchdog Urges Biden’s Green Loans Office To Stop Working On New Loans Amid Conflict Of Interest Concerns
An internal federal watchdog agency ordered the Biden administration's Green Loans Office to stop working on new deals, citing concerns that it was poorly managing potential conflicts of interest in its operations, an internal federal watchdog said in a letter Tuesday. I asked for it. Department of Energy (DOE) Inspector General Terry Donaldson I wrote […]
10K Special Interest Aliens Apprehended in New Fiscal Year
More than 10,000 special interest foreigners were arrested during the first two and a half months of the new fiscal year. Aliens of special interest come from countries with known ties to terrorism. Border Patrol Chief Jason Owens posted a report on social media indicating the arrest of three Syrian immigrants who entered the U.S. […]
Bill Belichick showed interest in unlikely coaching gig before taking UNC job: reports
Nearly 25 years after his infamous resignation as head coach of the New York Jets, Bill Belichick appears to be considering taking the job again. In 2000, Belichick was about to become the next head coach of the New York Jets. However, he resigned during his inaugural press conference, writing so on a napkin. Belichick […]
Bill Belichick had interest in Jets before landing at North Carolina
Imagine the size of the napkin it would take for Bill Belichick to write an apology letter to the Jets. Before being hired as the head coach at North Carolina last week, Belichick contacted the Jets and expressed interest in the head coaching vacancy, a source told The Post's Brian Costello. This expands on a […]
Elon Musk’s six major conflicts of interest with the federal government | US news
The Federal Advisory Committee Act clearly states that advisory committees, such as Elon Musk's Department of Government Efficiency, must ensure their recommendations are not biased by special interests. . But as the richest man on the planet, Musk has the widest and deepest potential conflicts of interest with the federal government that he has probably […]