March 28, 2024

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

CNBC: Biden Missed Chance to Refill SPR at Lower Rates After Draining It for Political Reasons

On Friday’s broadcast of CNBC’s “Squawk Box,” 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 ‘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

Politifact Rates Biden’s Claim of Restaurants Banning Gays ‘Mostly True’

The left-leaning Politifact gave a “mostly true” rating to President Joe Biden’s claim that gay people are being thrown out of restaurants. The president made his outlandish claim during the White House LGBTQ “Pride Month 2023” celebration this month when he claimed that restaurants will ban gay couples if they show a hint of their

Carney on ‘Kudlow’: The Fed’s ‘Historic Mistake’ in Cutting Rates ‘Refueled Inflation’

The Federal Reserve’s decision to scale back rate hikes at their last two meetings will be “looked at as an historic mistake because that refueled inflation,” Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlow’s eponymously named Fox Business show. “I 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 Thursday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates “for the foreseeable future,” and said that inflation isn’t 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 1.75–2 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 Trump’s First Year Better Than Reagan’s.

News Flash to Conservatives in the Republican Party – According to the Heritage Foundation President Trump did an amazing job in his first year in office – 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 […]

No, Obamacare’s Rising Rates and Evaporating Access Are Not Trump’s Fault

I’ve written about this issue a few times now, but the Left’s spin about Democrats’ terrible, deteriorating healthcare law — which Republicans have failed to replace, in spite of endless promises — is misleading and not credible.  As the story now goes, the reason why Obamacare premiums are soaring by double digits across most of […]

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, […]

Obama Hides Rising Murder Rates, and Hundreds of Dead Americans, in Criminal Statistics

President Barack Obama is claiming that murder rates are declining in Dallas, Los Angeles and nationwide, even though numerous sources of data shows a nationwide spike in murder since he launched his 2014 stigmatize-and-federalize campaign for the nation’s state and local police forces. “Over the last four or five years during the course of my […]

Surprise! Mass Murder Rates Fell Right Along with Communism – WATCH

Recent American celebrity fetishism with Cuba and its Potemkin Kardashian Villages is probably giving a lot of millennials the mistaken impression that communism is A-OK. As it is often difficult to communicate concepts to them in words, the good people at Human Progress have provided a nice, easy-to-understand picture: While the chart doesn’t mention communism, […]

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