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The Fed’s 50 Basis Point Cut Was a Mistake Driven by Political Pressure

Fed Rate Cuts: A Premature Mistake Caused by Politics The Fed's 50 basis point interest rate cut in September was not only premature; driven by political pressure. Last Friday's employment statistics revealed a misjudgment. 254,000 new jobs, unemployment rate down to 4.1%Rather than stagnate, the labor market is growing stronger. Wages rose 4% from a […]

Fed made ‘mistake’ slashing rates by half a point: Larry Summers

Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” Employers added 254,000 jobs in September, well above the 140,000 increase expected by economists at LSEG, and the unemployment rate fell slightly from a month earlier to 4.1%, the Labor Department said. In response to […]

Why Will Ferrell’s trans road trip movie misses the point

Will Ferrell is funny. He's charming and self-deprecating. He is clearly a loyal and caring friend. And he also lives in a bubble that deliberately misunderstands why there is tension around transgender issues. In Netflix's new documentary Will & Harper, the actor learns that his longtime friend and former Saturday Night Live writer Andrew Steele […]

Nate Silver: 'We're at a point where you'd probably rather have Harris's hand to play'

Pollster Nate Silver said in his latest forecast update Friday. [Vice President] It's going to play in Harris' hands. ” Mr. Silver argued that the latest national polls favor Ms. Harris, and that is reflected in his election predictions and predictions. model Nationally, the Democratic candidate has a three-point lead over former President Trump, 49.1 […]

Turning Point USA Events Receive ‘Massive Turnout’ on Campuses

The event, sponsored by Charlie Kirk's conservative student organizations Turning Point USA and Turning Point Action, will see Kirk tour campuses, speaking to students and reaching out to voters ahead of the 2024 presidential election. It has attracted “massive” participation on college campuses across the country as it hosts registration drives. “The tide is turning'' […]

Swiss central bank cuts rates by a quarter point in third trim this year – CNBC

The Swiss National Bank (SNB) headquarters before a press conference in Zurich, Switzerland on March 21, 2024. Dennis Baribouz | Reuters The Swiss National Bank eased monetary policy for the third time this year on Thursday, cutting its key interest rate by 25 basis points to 1.0%. The cut had been predicted by 30 of […]

Trump ahead of Harris 1 point in Georgia and Arizona, tied in North Carolina: poll

A new poll of likely voters shows former President Donald Trump leading Vice President Kamala by one percentage point in the battleground states of Georgia and Arizona, and they are tied in North Carolina. A Marist College battleground state survey found Trump leading Harris 50% to 49% among likely general election voters in the Peach […]