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Tag: interest

January inflation gives Fed more reason to hold on interest rate cuts

Egg prices rose more than 15% in January. (ISTOCK)) Annual inflation rose to 3% in January, rising above expectations, giving the Federal Reserve further reason to slow interest rate cuts. According to the Consumer Price Index (CPI), inflation rose 0.5% each month, slightly above expectations, up over the previous month's 0.4% increase. Released by the […]

U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts

Shoppers reach for a carton of eggs to customers to limit purchases in South Pasadena, California on February 10, 2025. The revival of the bird flu, which first hit the US in 2022, has ravaged customer farms, causing egg prices to rise and rattle consumers who are used to buying this meal staple for just […]

Trump calls for lower interest rates to go ‘hand-in-hand’ with tariffs

Federal Reserve Chair Jerome Powell shares the Federal Reserve's six-annual monetary policy report. President Donald Trump called the Federal Reserve on Tuesday, saying central banks should cut interest rates. “We need to lower interest rates. This is something we'll be holding hands with future tariffs!!!” Trump said in a post about Truth Society. “Rock and […]

Schiff presses White House on Musk conflicts of interest, ethics

Sen. Adam Schiff (D-Calif.) on Monday to Elon Musk's conflict of interest, ethics and reporting requirements as the tech billionaire leads drastic efforts to overhaul the executive branch. pushed the White House for information on compliance. Government efficiency (DOGE). in letter As a “special government employee,” Schiff, to White House Chief, said that Musk is […]

Credit Card Interest Cap Bill Sparks Division: More Debanking or Relief?

The bipartisan credit card interest CAP bill has sparked considerable debate over whether the bill would amount to “cutting off steroids” or provide “meaning relief to workers.” Tuesday, Senators Josh Hawley (R-MO) and Bernie Sanders (I-VT) It was introduced A law that limits credit card interest rates to 10% over five years. This follows a […]

Scott Bessent Explains Trump’s Interest Rate Policy

Bescent explains that Trump is no longer asking for requests This week, we gained some strong support due to our assertion that President Donald Trump is not demanding that the Federal Reserve cut interest rates. Secretary of the Treasury Scott Bescent Interviewed this week by Fox Business Network's Larry Kudrow. He argued that the administration […]

Ben Simmons drawing interest with Nets buyout now a possibility

Once the NBA trading deadline has passed, it is now heading into the acquisition market. Ben Simmons may depend on that. Nets has spoken with Simmons about a potential acquisition, and it is expected that the previous All-Stars have a robust option to choose from if they reach an agreement and become free agent. The […]