WASHINGTON >> Federal Reserve Chair Jerome Powell cautioned today that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.In his annual letter to shareholders, Dimon pointed to "persistent inflationary pressures" that belie the stock market's confidence about the outlook and could result in even higher interest rates."Equity values, by most measures, are at the high end of the valuation range," said Dimon, the longtime CEO of the biggest US bank by...
The Capitalist Pig Jonathan Hoenig joins the Steve Cochran Show to discuss the future of cryptocurrency, how politicians are negatively affecting the economy, and whether inflation & interest rates will always remain elevated. https://omny.fm/shows/pinch-hitters/will-americas-inflation-and-i
Federal Reserve chair Jerome Powell on Tuesday suggested that interest rate
London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Progress on inflation is moving in the wrong direction. The latest Consumer Price Index, released Wednesday, showed that annual inflation ticked up to 3.5% in March from 3.2% in February. That marked the largest annual gain in half a year. Even though the current inflation rate is better than last March’s 4.9% rate, it signifies the highly anticipated rate cuts investors were banking on may not come this year. Now, instead, they may need to brace for another rate hike as interest rates stand at...
Getting out of the first round has proven a tall task for Edinburg North since making the regional finals in 2017. Since then, the Cougars have advanced to past the first round just once, every other year losing in the bi-district round to their 32-6A rivals. Edinburg North snapped that streak earlier this year, opening […]
Editor’s note: Coconut Bay Beach Resort and Spa provided a complimentary stay so TPG could get an inside look at the resort and its amenities. The opinions expressed below are entirely those of the author and weren’t subject to review by Coconut Bay Beach Resort and Spa or any external entity. [circuit type=review circuit_id=”8861″] St. …
Shane Lowry is on level par, with two holes of his opening round still to finish on Friday morning.
The 10-year Treasury yield jumped back above 4.5% on Wednesday as investors
Chrissy Teigen was dressed for a relaxing day indoors when she was spotted making a brief foray out of her office in West Hollywood on Thursday.
DI Barnaby and his sidekick Winter are the last two policemen on earth who wear a suit and tie, with the top buttons of their shirts fastened.