US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under controlThe Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to take...
You know things are bad when President Joe Biden’s Praetorian Guard at CNN won’t protect him from the fact that the economy is spiraling out of control. During the April 10 edition of CNN News Central, host Kate Bolduan unloaded devastating news on CNN’s unsuspecting liberal audience: There is significant inflation in April, just months before the 2024 general. During a segment, Bolduan said, “Inflation is headed in the wrong direction right now, the latest consumer price report just out shows...
You know things are bad when President Joe Biden’s Praetorian Guard at CNN won’t protect him from the fact that the economy is spiraling out of control. During the April 10 edition of CNN News Central, host Kate Bolduan unloaded devastating news on CNN’s unsuspecting liberal audience: There is significant inflation in April, just months before the 2024 general. During a segment, Bolduan said, “Inflation is headed in the wrong direction right now, the latest consumer price report just out shows...
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.
Richard Yetsenga is chief economist and head of research at ANZ Banking
Americans Now Worry About Out-Of-Control Power Bill Inflation Tens of millions of Americans are having trouble paying their power bills as residential electricity inflation continues to run rampant. The latest data from the US Bureau of Labor Statistics (February's print) shows that three out of every four major cities in the US had power prices rise for residential customers. "Food has been a worry, but now electricity is the worry," 75yo Alfredo De Avila told Bloomberg, adding,...
"The Republican National Committee keeps asking, are you better off today than you were four years ago? My answer to that is definitely a big yes."
Food Is Now An Investment – Here's Why Inflation Isn't Going Away Anytime Soon Authored by Brandon Smith via Alt-Market.us, One of the more difficult aspects of working in economic analysis is the problem of rampant disinformation that you have to dig through in order to get to the truth of any particular issue. In this regard, economics is very similar to politics. The propaganda is endless and debunking it sometimes feels like moving a mountain with a teaspoon. Establishment...
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...