The PCE index shows that progression on bringing down inflation has stalled.
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Tag: Federal Reserve
Minneapolis Fed Pres: Biden Spending on Chips, Infrastructure ‘Is Inflationary’ and There Are ‘Cross-Purposes’
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” …
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is…
Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for mor…
Another Scorcher: 303,000 Jobs Added To U.S. Economy in March
Employment grew much more than expected for the third month in a row.
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Markets Tumble as Fed Rate Cut Expectations Diminish
Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate…
Bostic Says Fed Should Wait Until November or December To Cut Rates
The Atlanta Fed said inflation is falling much more slowly than expected, so the Fed will probably not cut rates until the end of the year.
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Breitbart Business Digest: The Most Underpriced Risk in the Market Right Now
The potential that the Fed’s next move is up instead of down is arguably the most underpriced risk in the market.
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Job Openings Remain Very High, Indicating Resilient Demand for Workers
The JOLTS report casts further doubt on the need for a rate cut from the Federal Reserve in the months ahead.
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Peter Schiff Warns of Severe Economic Repercussions, Highlights Inflation and Money Supply Concerns
In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the critic…