On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the
Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.
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.
Wednesday's inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump year on year than auto insurance, which soared 22% from March 2023, the most significant year-on-year jump in that category since 1976. And over the last few years, average auto insurance rates have surged 43%. As of April, the national average cost of car insurance is...
Late last year, Android 15’s Private Space was discovered while rummaging through code that Google was still working on. With Google releasing more code in the latest Android 14 QPR3 Beta 2.1 build, we now have a complete rundown of how this feature looks and operates. Thanks to Mishaal Rahman who got it up and … Continued Read the original post: Android 15’s Private Space Gets Detailed in Full
When LAX warns of construction delays, fliers have learned the hard way that they'd better heed the warning. Last month, for instance, the airport announced lane closures for construction work, which led to miserable congestion. The airport issued a warning for this week, saying that construction-related lane closures could bring heavier-than-usual traffic. Two westbound and eastbound lanes on Century Boulevard at Concourse Way (between La Cienega Boulevard and Aviation Boulevard) are closed....
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...
Ottawa County sheriff’s deputies were called to West Ottawa High School near Holland Friday morning after the school received a threatening phone call.
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 signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.