The stage is set for the Federal Reserve to take a breather at its next meeting, probably with the explanation that it wants to assess the effects of the earlier interest rate hikes on the economy.
Tag: Federal Reserve
Breitbart Business Digest: The Fed’s Old Projections Are Walking Dead
The Federal Reserve’s Summary of Economic Projections from March now appear to be seriously outdated.
Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens
Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be unable to control inflation as the U.S. debt will lose its […]
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that the Fed will not raise the rate at […]
Carney on ‘Kudlow’: Decline of the Gig Economy Could Be Pushing Workers into Payroll Jobs
A decline in the self-employed gig economy could be pulling more workers into payroll jobs while also increasing the unemployment rate, Breitbart Economics Editor John Carney explained.
Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan
In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of operations. This order from the central bank comes in the wake of Silvergate’s declaration of voluntary liquidation […]
Global Debt Crisis: Pretend and Extend?
Those who have chosen to invest in gold bars or to buy silver coins have often done so because they fear the mismanagement of the monetary system. This week has offered further reassurance that investors are right to want to own gold in a balanced portfolio because yet another fight about the US debt ceiling […]
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Breitbart Business Digest: Debt Ceiling Deal Paves Road for Fed Hike
The deal to suspend the limit on federal government debt until 2025 removes one of the obstacles to another Federal Reserve rate increase.
Heritage Foundation Economist: Government Spending, Printing Sources of Almost all Economic ‘Ills’
Heritage Foundation economist E.J. Antoni told Breitbart News Saturday that stopping government spending would unleash the American economy and rein in inflation.
Cleveland Fed Pres: We ‘Haven’t Been Making Very Strong Progress on Inflation’
On Friday’s broadcast of CNBC’s “Squawk on the Street,” Cleveland Federal Reserve Bank President Loretta Mester stated that the latest Personal Consumption Expenditures (PCE) price index shows that progress on inflation “h…