Fed worried about inflation worsening in pausing rate cuts
Federal Reserve officials at last month's meeting pointed to an increased risk that inflation could worsen. This is the main reason why we haven't changed the benchmark interest rates. President Donald Trump's proposed tariffs and massive immigrant deportation and strong consumer spending could boost inflation this year, according to minutes of the January 28-29 meeting […]
Kathy Hochul does apparent about-face on natural gas as NYC utility signals major rate hikes
New York Governor Kathy Hochul has approved permission to expand the capacity of major two-way pipelines despite years of pushing green policies, including a ban on the use of natural gas in new construction. . The Hochul administration has approved a permit to increase the capacity of the Iroquois Pipeline, a key 414-mile route from […]
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 […]
Why Trump Is Right That Tariffs and Rate Cuts Go Hand in Hand
How tariffs can push the Fed and lower interest rates? Heads that the president exploded across the financial media on Wednesday Donald Trump has declared that tariffs and lower fees are holding hands. Writing about the true society, Trump declared: “We need to lower our interest rates. This is something we'll be holding hands with […]
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 […]
Consumer Prices Up 3% In January, Crushing Chances of Rate Cuts
In January, US inflation rose. The Labor Ministry said Wednesday that the Consumer Price Index (CPI) rose 0.5% from the previous month, up more than expected. Compared to a year ago, consumer prices have risen by 3%. Economists had expected the monthly inflation pace to 0.3% after prices rose 0.4% in December. The median forecast […]
Inflation Stayed Sticky in January, Keeping Fed Rate Cuts at Bay – The New York Times
US inflation rose to 3% in January, and the Federal Reserve stepped up its lawsuit to extend its suspension of interest rate cuts. The consumer price index jumped higher than expected, with data from the Labor Bureau of Statistics Office shown Wednesday, up 0.5%, the fastest monthly increase since December to August 2023. Last month, […]
Hochul blasts Con Edison over ‘shocking’ rate hikes
The fever is Hotulle. Gov. Kathy Hochul hit Con Edison's plan to hike gas and electricity bills for locals tapped out on Tuesday, but critics have found several solutions to stop the bill's surge Zapped her for providing a plan. Democrats held a press conference in their Manhattan office after winning several days of anger […]
S&P 500 falls as Powell urges caution on rate cuts, trade tensions escalate: Live updates – CNBC
The trader works on the floor of the New York Stock Exchange on February 4, 2025. NYSE Stocks were largely unchanged on Tuesday as investors diluted a careful commentary from Federal Reserve Chair Jerome Powell on interest rates. With the potential escalation of the US tariffs and the world trade war, concerns remain in the […]
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 […]