US Federal Reserve holds interest rates steady as inflation ticks up | US economy
As inflation continues to plague the U.S. economy, the Federal Reserve announced Wednesday that it would keep interest rates unchanged at 5.25% to 5.5%, the highest level in 20 years. Some expected the Fed to cut interest rates soon, at the highest level since 2007, but inflation remains stubbornly above 3% a year. The Fed’s […]
US Dollar Dominance: Why USD Is the World's Reserve Currency – Bloomberg
This currency is large, stable, and entrenched in the global economy. That is also what makes this currency such an attractive target. Written by Saleh Mohsin and Ben Purvis Illustrations by Joy Fulton May 1, 2024, 12:01 a.m. UTC The US dollar is the closest thing to a world currency. It is the payment method […]
Biden Admin Announces Massive Restrictions On Alaskan Oil Reserve And Hampers Key Mining Project In One Fell Swoop
The Biden administration moved to block oil and gas activity on millions of acres of Alaskan land and effectively rejected a road project needed to mine large reserves of copper in the state on Friday, Bloomberg News reported. The Department of the Interior (DOI) finalized a plan that will restrict future oil leasing and development […]
White House dodges question on refilling oil reserve #shorts
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DAVID BLACKMON: Biden Must Stop Playing Politics With The Strategic Petroleum Reserve
Oil and gasoline prices are rising now, just in time to become an issue in the 2024 presidential campaign. The U.S. price of West Texas Intermediate topped $86 a barrel in Friday trading, while the international Brent index briefly touched $91 before falling just below that level. This is the highest oil price recorded since […]
Biden’s High Gas Prices Force Him to Cancel Strategic Petroleum Reserve Refill
The Biden White House investigated Biden’s gas prices, and sticker shock caused plans to replenish the Strategic Petroleum Reserve (SPR) to be canceled. The SPR is supposed to be for national emergencies, but con man Joe Biden used it to protect himself from the “emergency” caused by the war on cheap energy and the subsequent […]
Wyoming crypto bank not backing down in fight to access Federal Reserve
Unicoin founder Moe Vela says cryptocurrencies are still the “future” of the market despite the fall of Sam Bankman Fried. Custodia Bank, a Wyoming cryptocurrency bank locked in a legal battle with the Federal Reserve for nearly two years, appeals a district judge’s decision to deny it access to the Fed’s banking facilities. FOX Business […]
DOT Will Not Say How Many Reserve Ships Stuck
Following the initial strong public reaction from President Biden, who vowed that the federal government would do whatever it took to resolve the situation, the administration responded to early signs that the response to the Baltimore bridge collapse was failing. It shows. Questions abound, including exactly how many ships are stuck at the port, but […]
Progressives call on Federal Reserve to lower interest rates
Nearly two dozen progressive Democrats in both houses of Congress have called on the Federal Reserve to lower interest rates at a meeting scheduled for this week. Sens. Bernie Sanders (D-Vt.) and Elizabeth Warren (D-Mass.) on Monday joined Rep. Pramila Jayapal (D-Wash.) and more than 20 House Democrats to say no more. He argued that […]
Yankees’ Kevin Smith, Jahmai Jones top candidates for reserve infield spot
TAMPA — The Yankees have one infield spot left unfilled, but DJ LeMahieu, who was injured late in camp and received a negative X-ray after taking a ball to his leg on Saturday, will have one more open if he doesn’t recover in time. An infield position may become available. That means players like Kevin […]