WASHINGTON >> The Federal Reserve held interest rates steady today and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.
Fed announces it will keep interest rates at 5.25% to 5.5% as rate of inflation remains above target of 2%The Federal Reserve announced on Wednesday that it is holding interest rates steady at 5.25% to 5.5%, their highest level in two decades, as inflation continues to dog the US economy.Though some had hoped the Fed would soon cut interest rates, which are at their highest level since 2007, the annual rate of inflation has stubbornly remained above 3%. The Fed’s target rate is 2%. Continue...
CNBC's Jim Cramer said companies that perpetually generate "self-help" are poised to do well in this market.
After a strong winter for the US labor market, economists expect hiring to
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […]
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
Ohio Republican U.S. Sen. J.D. Vance has been dismissive of Ukraine’s plight ever since Russian tanks rolled over its borders to wage an unprovoked war. His justifications for essentially greenlighting the authoritarian annihilation of the fledgling democracy range from specious to baseless with a smattering of disinformation, writes columnist Marilou Johanek.
The Fed's preferred gauge of price changes confirmed that we're at the
(The Center Square) – Newly released survey data shows that Americans are less confident about the economy. Gallup’s recently released economic confidence rating dropped from March to April as inflation remains elevated. Just after the polling was conducted from April 1-22, the federal government released underperforming Gross Domestic Product data. “This is the first time in five months that confidence has not seen a marginal improvement, and the first decline in...
JASPER – German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter 2024 earnings of $19.0 million, or $0.64 per share, compared to earnings of $21.5 million, or $0.73 per share, for fourth quarter 2023, and earnings of $20.8 million, or $0.71 per share, for first quarter 2023. Continue reading at The Republic News.
The Steady Slide Towards Tyranny: How Freedom Dies From A To Z Authored by John & Nisha Whitehead via The Rutherford Institute, “As I look at America today, I am not afraid to say that I am afraid.” - Former presidential advisor Bertram Gross The American governmental scheme is sliding ever closer towards a pervasive authoritarianism. The American people, the permanent underclass in America, have allowed themselves to be so distracted and divided that they have failed to...
The unemployment rate in Japan was a seasonally adjusted 2.6 percent in March, the Ministry of Internal Affairs and Communications said on Tuesday. That was unchanged from the February reading, although it missed forecasts for 2.5 percent. The jobs-to-applicant ratio was 1.28, which exceeded