Fresh data on inflation, jobs could force Fed to rethink rate cuts
The Fed’s path to lower interest rates this year is further complicated by new data showing that while the job market remains strong, inflation remains high. The Producer Price Index, which measures wholesale inflation, rose 0.6% in February, twice the Dow Jones estimate of 0.3% and the 0.3% rise recorded in January, the Labor Department […]
Asian stocks muted before more rate cues; Japan weakness continues By Investing.com – Investing.com
©Reuters. Investing.com — Most Asian stocks remained in a narrow range on Thursday, hoping for further clues on U.S. inflation and interest rates, but Japanese markets continued to decline for a fourth straight session as concerns over the Bank of Japan persisted. . Regional stocks took a moderate lead from Wall Street as investors continued […]
Study resurfaces showing suicide rate among men doubled after sex-change mutilations
The narrative around so-called “gender-affirming care” is rapidly disintegrating. While gender ideologues are digging firmly into the movement’s sandy foundations, others are beginning to reexamine evidence that has long been hidden in plain sight. Benjamin Ryan, a gay health reporter with bylines in various publications, has been heavily attacked for questioning leftist doctrine on transgenderism. […]
US economy adds 275,000 jobs in February, unemployment rate ticks higher
Bahnsen Group CIO David Bahnsen previews Federal Reserve Chairman Jay Powell’s Congressional testimony and shares his predictions for the upcoming jobs report. U.S. employers added 275,000 jobs in February, higher than economists expected of 200,000 and the average monthly increase of 255,000 recorded in 2023, the Labor Department said Friday. did. The unemployment rate rose […]
Biden to highlight plans to deny tax breaks to wealthy companies, raise corporate tax rate in State of the Union
President Biden is expected to use his State of the Union address to outline his tax policy goals for his second term, including denying tax breaks to companies with high-paid employees and raising corporate taxes. The president is scheduled to submit a budget next week, which White House officials say aims to reduce the deficit […]
Fed chief caught in partisan battle over rate cuts as election looms
Interest rates have become an increasingly partisan issue in the run-up to the 2024 election, with Democrats pushing the Fed to cut interest rates and lower borrowing costs, while Republicans are wary of persistently high inflation. Former President Trump has frequently pressed the politically independent Fed to lower interest rates to achieve his political goals […]
Fed chair Jerome Powell expects further interest rate cut this year | Federal Reserve
Federal Reserve Chairman Jerome Powell on Wednesday said the central bank still expects to lower its benchmark interest rate before the end of the year, but warned that continued progress in inflation is “not guaranteed.” As U.S. lawmakers prepare to face voters fed up with inflation, Chairman Powell said in prepared remarks to the House […]
China’s Rubber-Stamped Lawmakers to Tackle Birth Rate, Economic Woes
China held “two meetings” on Monday: the annual general meeting of the National People’s Congress, the highest legislative body, and the Chinese People’s Political Consultative Conference (CPPCC), an “advisory body” with more than 2,000 members. It started on Monday. The idea is to devise ways to reverse the increasingly worrying economic decline. Chinese state news […]
Atlanta Fed’s Bostic Warns Rate Cut Could Reignite Inflation
Atlanta Fed President Rapahel Bostic said Monday there was a significant risk that the Fed’s interest rate cuts could reignite inflation. in an essay Posted on the Atlanta Fed websiteBostic said the Fed should take a cautious approach to the economy, recognizing that the risk of higher inflation remains and that easing monetary policy could […]
Gold Prices Forecast: More Gains Ahead Amid Fed Rate Cut Speculation? – FX Empire
Weekly Gold (XAU/USD)Interest rate and dollar impact Recent economic data has led to lower U.S. Treasury yields, influencing the Federal Reserve’s monetary policy outlook. Falling benchmark 10-year U.S. Treasury yields and the dollar index are making gold more attractive. Key data points include the University of Michigan Sentiment Index and the Personal Consumption Expenditures (PCE) […]