Wall Street Is a Haven for Doves Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year. When Federal Reserve officials met last month, their Summary of Economic Projections showed a median expectation for the target rate to be 5.6 percent at the end of this
Fed Holds Rates Steady, Expects Economic Growth, Hiring, and Inflation to Slow
November 8, 2023 by
Anna Moneymaker/Getty Images Federal Reserve officials voted to leave the central bankâs benchmark interest rate unchanged, saying that it expects tighter financial conditions will weigh on economic activity, hiring, and inflation. The Fed said on Wednesday that it would hold its benchmark rate at a range of 5.25 percent to 5.50 percent, the range it
Carney on âKudlowâ: The Fed Might Hike Rates in June Instead of Pausing
July 17, 2023 by
Even though Wall Street is betting on an interest rate cut, the Federal Reserve could hike rates at its next meeting in June, Breitbart Economics Editor John Carney told Fox Business Host Larry Kudlow on Friday. During a Wednesday appearance on Kudlowâs show, Carney and Kudlow agreed that this weekâs consumer price index data gave
Summers: There’s Not Much ‘Evidence of a Basic Downwards Trend in Inflation’ and Fed ‘Has Considerably More Work to Do’
April 6, 2023 by
During an interview aired on Fridayâs edition of Bloombergâs âWall Street Week,â Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that âwe donât have a lot of evidence of a basic downwards trend in inflationâ and the Federal Reserve âhas
Fmr. Obama Treasury Official Rattner: February CPI ‘Not a Good Thing’ for Getting Inflation to Goal, ‘What the Fed Really Looks at’ ‘Is Rising’
April 4, 2023 by
On Wednesdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve âreally looks atâ is ârising and that is not a good thingâ to getting inflation down to the target level. Rattner said, â[I]nflation looked
Carney on âKudlowâ: Wall Street Is Fooling Itself by Betting on Fed Rate Cuts
April 1, 2023 by
The stock market is still âat loggerheads with the Fedâ thinking the central bank will cut interest rates this year instead of hiking them in response to persistently high inflation, Breitbart Economics Editor John Carney said in a Friday interview with Fox Business host Larry Kudlow. âStocks are pricing in interest rate cuts as we
Carney on âKudlowâ: The Fed Has Been Fueling Inflation and May âChicken Outâ from Fighting It
March 3, 2023 by
The Federal Reserveâs accommodative economic policies have been fueling inflation and now Fed officials may âchicken outâ from raising interest rates higher at their next meeting, Breitbart Economics Editor John Carney said in an interview Friday on Larry Kudlowâs eponymously named Fox Business show. The personal consumption expenditure (PCE) data released Friday makes clear that Fed
Moodyâs Chief Economist: ‘2023 Is Going to Be a Pretty Tough Year’ Unemployment Will Rise and It’ll Take Time to See Impacts of Fed Actions
November 24, 2022 by
On Wednesdayâs broadcast of Bloomberg TVâs âBalance of Power,â Moodyâs Analytics Chief Economist Mark Zandi predicted that 2src23 âis going to be a pretty tough yearâ because we wonât âsee the full effects of what the Fedâs done for well intoâ the year and âweâre going to see job growth slow, may see some declines, unemploymentâs
Warren: ‘Very Worriedâ Fed Will ‘Tip this Economy into a Recession’
October 21, 2022 by
Senator Elizabeth Warren (D-MA) said Sunday on CNNâs âState of the Unionâ that she is âvery worriedâ that the Federal Reserve will âtip this economy into a recession.â During a keynote speech Friday in Jackson Hole, Wyoming, Powell said, âWhile higher interest rates, slower growth and softer labor market conditions will bring down inflation, they…
Fed âhurting the situationâ on economy, Sanders says
October 18, 2022 by
Sen. Bernie Sanders leaves the U.S. Capitol. | Alex Wong/Getty Images The Federal Reserve is âhurtingâ the United Statesâ economic situation as the country prepares for a possible recession, Sen. Bernie Sanders (I-Vt.) said Sunday. âI think theyâre hurting the situation. It is wrong to be saying that the way weâre going to deal with…
Fed raises interest rates again as unemployment nears record lows.
June 14, 2018 by
The Federal Reserve on Wednesday raised interest rates 0.25 points as the bank aims to prevent a tight labor market from driving inflation to unsustainable levels. The central bank raised the federal funds rate to a 1.75â2 percent target range, the second increase under Fed Chairman Jerome Powell. The Fed was widely expected to raise […]
Trumpâs Fed Up With Mueller âScam,â Blasts FBI For Ignoring Hillary.
May 20, 2018 by
President Donald Trump railed against special counsel Robert Muellerâs ongoing investigation and the FBI for not investigating alleged crimes by his former opponent Hillary Clinton in a series of Sunday morning tweets. Things are really getting ridiculous. The Failing and Crooked (but not as Crooked as Hillary Clinton) @nytimes has done a long & boring […]
MERRY ECONOMY TO ONE AND ALL: New York Fed Nowcast Up To 4.0% Growth For Fourth Quarter.
December 19, 2017 by
Thereâs more good news on the economy under President Trump, and it comes from the Federal Reserve Bank of New York. On Friday, the Federal Reserve Bank of New York reported that the New York Fed Staff Nowcast stood at 4.0% for the fourth quarter of 2017, the highest level since the Nowcast was created […]
Entire Fed Dept. Resigns in Protest of Trump => #FakeNews Media Forgets to Mention It Was Created by Obama, Had Not Met This Year
August 21, 2017 by
The Presidentâs Committee on the Arts and the Humanities made headlines last week when they very publicly resigned in mass protest over President Trumpâs âracistâ comments on the Charlottesville riots. President Trump correctly put blame on antifa terrorists who clashed with the neo-Nazi group on the ground. Far left comedian Kal Penn posted the committeeâs […]
Fed: 19% of NY Firms Cutting Jobs Due to Obamacare
August 23, 2016 by
The Federal Reserve Bank of New York found that 17 percent of service sector firms and 21 percent of manufacturers are reducing the number of workers they employ due to Obamacare. The New York Federal Reserve produces the highly informative monthly âEmpire State Manufacturing Survey/Business Leaders Survey.â But due to employer concerns about exploding health […]
FL Governor GOES OFF On Obama: âThis Is Disgusting! Iâm Fed Up With This⌠Destroy ISIS!â (VIDEO)
June 17, 2016 by
Florida Governor Rick Scott WENT OFF on Obama on Friday after the president came to the Sunshine State to politicize the Orlando massacre. Scott told Americaâs Newsroom, âIâm sick of this!â Bill Hemmer: Yesterday, the president came and said the fight against ISIS has been relentless. Do you believe that? Governor Rick Scott: Itâs still […]
âIt Is Getting A Little Absurdâ: Congress Fed Up With DOJ Hiding Information On Clinton Email Probe
September 24, 2015 by
Congress is fed up with the Department of Justice withholding information related to the Hillary Clinton email investigation. Senate Judicary Chairman Chuck Grassley blasted the DOJ for leaking more information to the media than theyâll provide to him in response to formal congressional inquiries. Grassley wants more information from the DOJ so he can consider […]