June 21, 2024

Breitbart Business Digest: Wall Street Expects More Cuts Than the Fed Does

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

Anna Moneymaker/Getty Images Federal Reserve officials voted to leave the central bank’s 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 ‘Kudlow’: The Fed Might Hike Rates in June Instead of Pausing

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 Kudlow’s show, Carney and Kudlow agreed that this week’s 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’

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that “we don’t have a lot of evidence of a basic downwards trend in inflation” and the Federal Reserve “has

Fmr. Obama Treasury Official Rattner: February CPI ‘Not a Good Thing’ for Getting Inflation to Goal, ‘What the Fed Really Looks at’ ‘Is Rising’

On Wednesday’s broadcast of MSNBC’s “Morning Joe,” 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 “really looks at” is “rising and that is not a good thing” to getting inflation down to the target level. Rattner said, “[I]nflation looked

Carney on ‘Kudlow’: Wall Street Is Fooling Itself by Betting on Fed Rate Cuts

The stock market is still “at loggerheads with the Fed” 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. “Stocks are pricing in interest rate cuts as we

Carney on ‘Kudlow’: The Fed Has Been Fueling Inflation and May ‘Chicken Out’ from Fighting It

The Federal Reserve’s accommodative economic policies have been fueling inflation and now Fed officials may “chicken out” from raising interest rates higher at their next meeting, Breitbart Economics Editor John Carney said in an interview Friday on Larry Kudlow’s eponymously named Fox Business show. The personal consumption expenditure (PCE) data released Friday makes clear that Fed

Moody’s 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

On Wednesday’s broadcast of Bloomberg TV’s “Balance of Power,” Moody’s Analytics Chief Economist Mark Zandi predicted that 2src23 “is going to be a pretty tough year” because we won’t “see the full effects of what the Fed’s done for well into” the year and “we’re going to see job growth slow, may see some declines, unemployment’s

Warren: ‘Very Worried’ Fed Will ‘Tip this Economy into a Recession’

Senator Elizabeth Warren (D-MA) said Sunday on CNN’s “State of the Union” that she is “very worried” that the Federal Reserve will “tip this economy into a recession.” During a keynote speech Friday in Jackson Hole, Wyoming, Powell said, “While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they…

Fed ‘hurting the situation’ on economy, Sanders says

Sen. Bernie Sanders leaves the U.S. Capitol. | Alex Wong/Getty Images The Federal Reserve is “hurting” the United States’ economic situation as the country prepares for a possible recession, Sen. Bernie Sanders (I-Vt.) said Sunday. “I think they’re hurting the situation. It is wrong to be saying that the way we’re going to deal with…

Fed raises interest rates again as unemployment nears record lows.

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 1.75–2 percent target range, the second increase under Fed Chairman Jerome Powell. The Fed was widely expected to raise […]

Trump’s Fed Up With Mueller ‘Scam,’ Blasts FBI For Ignoring Hillary.

President Donald Trump railed against special counsel Robert Mueller’s 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.

There’s 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

The President’s Committee on the Arts and the Humanities made headlines last week when they very publicly resigned in mass protest over President Trump’s “racist” 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 committee’s […]

Fed: 19% of NY Firms Cutting Jobs Due to Obamacare

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 “Empire State Manufacturing Survey/Business Leaders Survey.” But due to employer concerns about exploding health […]

FL Governor GOES OFF On Obama: “This Is Disgusting! I’m Fed Up With This… Destroy ISIS!” (VIDEO)

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 America’s Newsroom, “I’m sick of this!” Bill Hemmer: Yesterday, the president came and said the fight against ISIS has been relentless. Do you believe that? Governor Rick Scott: It’s still […]

‘It Is Getting A Little Absurd’: Congress Fed Up With DOJ Hiding Information On Clinton Email Probe

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 they’ll provide to him in response to formal congressional inquiries. Grassley wants more information from the DOJ so he can consider […]

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