On Monday’s broadcast of “CNN News Central,” Rep. Adam Smith (D-WA) responded to the tumble in the stock market by stating that the Federal Reserve needs to cut interest rates and “inflation is down pretty close to zero. And now,
It looks like the market is finally going to get what it has wanted for over a year—a rate cut from the Federal Reserve.
Democrats on Friday urged the nation’s central bank to cut interest rates now as the unemployment rate surged.
Leftists are desperate for the Federal Reserve to cut interest rates because they hamper the “country’s ability to combat the climate crisis.”
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.
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?
Economic growth picked up more than expected in the spring, not only undermining the case for rate cuts but also raising the possibility that the Federal Reserve still has not done enough to cool the economy off to bring inflation down to its two percent target.
Persistently high inflation under the policies of President Recep Tayyip Erdogan is decimating the Turkish tourism industry, as both foreign visitors and locals decide to save money by nipping over to Greece for holiday getaways.
The announcement that President Biden has halted his campaign to seek a second term puts pressure on the Federal Reserve to hold off on interest rate hikes until after the election.
High interest rates are still weighing down building in the single-family home market.
A Fed rate cut on the eve of the election would inevitably be seen as a partisan political gift to incumbent Joe Biden and would invite backlash from Republicans.
Federal Reserve Chair Jerome Powell explicitly refused to offer forward guidance about interest rate policy in his Capitol Hill testimony this week, which we think is an indication that a rate cut in September is unlikely.
The biggest underpriced risk in the market is still a hike from the Federal Reserve.
Only seven percent of voters believe President Joe Biden’s economy is “very good,” a CBS News poll recently found.
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.
Fed officials sharply reduced the number of rate cuts they expect this year, confirming indications that the Federal Reserve is likely to hold its interest rate higher for longer.
As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
Our view that the Fed would not cut rates this year has gone mainstream.
On Wednesday’s broadcast of NPR’s “Here and Now,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that “the cost of money,” something that isn’t included in
During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government
One of the last holdouts for an early rate cut has conceded that the Fed will likely hold out for longer.
Inflation is increasingly coming to resemble the old joke about the weather: everyone talks about it, but no one ever does anything about it.
There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.
The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
One month’s worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
Jerome Powell still stubbornly resists the idea that the Fed’s next move may be a hike rather than a cut.
President Joe Biden’s policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
President Joe Biden’s migration crisis raises the mortgage rates that burden young couples and families, according to the president of the Federal Reserve Bank of Minneapolis.
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
President Joe Biden’s mass migration is boosting inflation, chiefly by raising housing prices, according to the Economist, a U.K.-based pro-globalism magazine.
As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
Jerome Powell spoke today from our nation’s capital and indicated what we all know to be true: The Fed has no business cutting rates at this time.
Delinquency rates among American credit card holders are at an all-time high, according to a Federal Reserve Bank of Philadelphia report.
The victory over inflation that the Biden administration and many on Wall Street were eager to celebrate last year now seems to have been, well, transitory.
