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Fed’s preferred inflation gauge rose 2.2% last month

Inflation showed signs of cooling further on Friday, as Wall Street began pricing in further interest rate cuts from the Federal Reserve. The Personal Consumption Expenditures Price Index (PCE), the Federal Reserve's preferred inflation measure, showed that prices for goods and services rose 2.2% last month, lower than the 2.3% year-over-year rate expected by economists. […]

Mike Johnson says Harris is Iran’s ‘preferred candidate,’ demands info on Trump campaign hacks

First appeared on FOX: House Speaker Mike Johnson, R-Louisiana, is putting the U.S. intelligence community in a bind after Iranian hackers tried to disseminate personal information about former President Donald Trump's campaign. “Congress is outraged by the Biden-Harris Administration's inaction and refusal to hold Iran accountable for the cyberattacks on the Trump campaign,” Johnson said […]

Fed’s preferred inflation gauge ticked up in July as likely interest cut looms

The Federal Reserve's preferred measure of inflation rose slightly last month and consumer spending also grew robustly, suggesting the economy remains strong and providing a case for the central bank to oppose a half-percentage-point interest rate cut next month. The Commerce Department said on Friday that the personal consumption expenditures (PCE) price index rose 0.2% […]

School District Compelled Teacher to Use ‘Preferred Pronouns’

An Ohio school district forced a Christian teacher to use a student’s “preferred pronoun” as he transitioned, a federal court has said. The verdict was given this month. In 2022, middle school English teacher Vivian Geraghty resigned from her job in the Jackson Area School District after the district required her to use the names […]