Breitbart Business Digest: Inflation Is Too Hot for the Fed to Cut Despite Sluggish Growth

Breitbart— 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.

Breitbart—Breitbart Business Digest: There Are No Fed Cuts Ahead This Year. 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.

Breitbart—Breitbart Business Digest: The Fed Finally Realized Progress on Inflation Has Stalled. 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.

Breitbart—Breitbart Business Digest: It's Time for the Fed to Start Talking About Hikes. 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.