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
CNBC: Biden Missed Chance to Refill SPR at Lower Rates After Draining It for Political Reasons
On Fridayâs broadcast of CNBCâs âSquawk Box,â co-hosts Becky Quick and Joe Kernen reacted to news that the Biden administration wants to try to refill the Strategic Petroleum Reserve (SPR) at a price of $79 a barrel or less by noting that there was a time when the SPR could have been refilled at a lower
Green Energy Stocks Rocked by High Interest Rates
Green energy stocks have dropped significantly in the last few months, underperforming compared to oil and gas companies, as high interest takes its toll. The S&P Global Clean Energy Index, which comprises 100 of the biggest companies in green energy, has dropped over 20 percent in the last two months, Financial Times reported Monday. In
Carney on âKudlowâ: 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 Kudlowâs show, Carney and Kudlow agreed that this weekâs consumer price index data gave
Politifact Rates Biden’s Claim of Restaurants Banning Gays ‘Mostly True’
The left-leaning Politifact gave a âmostly trueâ rating to President Joe Bidenâs claim that gay people are being thrown out of restaurants. The president made his outlandish claim during the White House LGBTQ âPride Month 2023â celebration this month when he claimed that restaurants will ban gay couples if they show a hint of their
Carney on âKudlowâ: The Fedâs âHistoric Mistakeâ in Cutting Rates âRefueled Inflationâ
The Federal Reserveâs decision to scale back rate hikes at their last two meetings will be âlooked at as an historic mistake because that refueled inflation,â Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlowâs eponymously named Fox Business show. âI think that a lot of people thought that inflation was
Fmr. Obama Treasury Counselor Rattner: We’ll Have ‘Higher Rates for the Foreseeable Future,’ Inflation Isn’t Declining Due to Stimulus
On Thursdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates âfor the foreseeable future,â and said that inflation isnât declining in part due to people still spending the large amounts of stimulus they got during the pandemic. Rattner also stated that
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 1.75â2 percent target range, the second increase under Fed Chairman Jerome Powell. The Fed was widely expected to raise […]
Black, Hispanic unemployment rates hit record lows in April.
The unemployment rate for black workers hit the lowest on record in April, according to the latest jobs figures released by the Bureau of Labor Statistics Friday. The unemployment rate for black workers dropped to 6.6 percent, beating the previous record low of 6.8 percent set in December. The jobless rate for Hispanics fell to […]
Conservative Heritage Foundation Rates Trumpâs First Year Better Than Reaganâs.
News Flash to Conservatives in the Republican Party â According to the Heritage Foundation President Trump did an amazing job in his first year in office â even better than conservative and American icon President Ronald Reagan! The New York Times reported that the conservative Heritage Foundation ranks President Trump as doing even better than […]
GOOD TRUMP: Trump Plans Huge Cut In Corporate Tax Rates.
President Trump is having no truck with half-measures when it comes to spurring the economy to grow: he plans to fight for reducing corporate tax rates from their current 35% to 15%. Trump is ignoring those who cavil that the federal deficit will grow substantially because of the reduced revenue accruing to the federal government, […]