Breitbart Business Digest: The Economy Refuses to Play Nice with the Fed
The Fed is stuck between crosscurrents: too strong to ease, too shaky to hike. The best they can do is what they’ve been doing—waiting for the fog to lift.
Federal Open Market Committee
Breitbart Business Digest: The Fed Admits Inflation Is Stickier Than It Thought
Federal Reserve officials this week came as close as they are probably ever going to get to admitting that the aggressive interest rate reduction they enacted weeks before the 2024 election was a mistake.
Breitbart Business Digest: Trump Proposes an End to the Stealth Social Security Tax on Retirees
Donald Trump on Wednesday threw a monkey-wrench into the plans of Democrats to claim he wants to cut Social Security when he proposed ending federal taxes on the benefits of retirees.
Breitbart Business Digest: Will the Fed Push Back on Expectations for a September Cut?
Will Fed officials stick by their forecast of a single rate cut this year or capitulate to financial markets that are pricing in multiple cuts this year?
Breitbart Business Digest: The Fed Sees Higher Rates Forever
The Fed has finally come around to the idea that interest rates are very likely to be higher for as far as the eye can see.
Breitbart Business Digest: The Dot Thickens Ahead of the Fed Announcement
All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.
Breitbart Business Digest: The Fed May Not Cut Until November
Jerome Powell’s No Cut Thunderbolt Groucho Marx famously said he would not join any club that would have him. What happens, however, when the club joins you? We have been arguing since early December that economic growth was too strong
Breitbart Business Digest: Wall Street Expects More Cuts Than the Fed Does
Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year.
Breitbart Business Digest: Fed Plans to Stay on Hold for November
The Federal Reserve is planning on staying “patient” at this week’s meeting of the Federal Open Market Committee.
Breitbart Business Digest: The Fed’s Rate Target Won’t Change This Week—But Everything Else Probably Will
The announcement of the Federal Reserve’s interest rate target is likely to be the least interesting thing coming out of this week’s Fed meeting.
Breitbart Business Digest: The Federal Open Market Committee Disagrees with Fed Staff on Inflation
Now we know why Federal Reserve officials at the March meeting yanked down their expectations for economic growth for this year and next: the economics staff of the central bank warned that a recession is on the way.
Breitbart Business Digest: Market Tells Fed to Drop Dead
Jerome Powell fumbled his first press conference of the year.
Breitbart Business Digest: The ‘Potential’ Problem for Economic Growth and Inflation
The staff of the Federal Reserve board believe the potential output of the U.S. economy is even lower than thought.
Breitbart Business Digest: High Inflation Broke the Fed Consensus
Fed officials have a very wide range of projections for Fed policy two years from now.
Breitbart Business Digest: When the Facts Change, Will the Fed?
The facts are changing again. Can the Federal Reserve’s monetary policy keep up?
Breitbart Business Digest: Global Food Shortages, Free Lunches, and the Federal Reserve
What if the problem is not just the nonexistence of a “free lunch” but a shortage of lunches altogether?
Breitbart Business Digest: ‘The Waste Land’ and the Stock Market
For the stock market, April has indeed been the cruelest month in part because it has seen a blossoming awareness that inflation is not going to die of exhaustion after hitting 40-year highs.
Breitbart Business Digest: The Fed Still Believes in Immaculate Disinflation
The Federal Open Market Committee’s March meeting minutes indicate that the Federal Reserve still believes it can bring down inflation painlessly.
Breitbart Business Digest: Powell’s Punchbowl Rally
The wave of euphoria that washed over the stock market on Wednesday following the long-awaited rate hike should probably be taken as a warning sign.
