Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
The few days since the publication of the Cass report – the probe into ‘gender identity’ services for young people – have been a revelation. The report,…What to read next: Why academia failed to challenge trans ideology | How did the BBC get the trans debate so wrong? | JK Rowling won’t forgive Harry Potter actors for trans stance | The Tories deserve our contempt
Blockbuster job growth continues to power the U.S. economy, with the Bureau of Labor Statistics reporting 303,000 payrolls added in March. Usually, such strong growth might signal that inflation could pick up. If employers see more demand for goods and services, they need to hire more workers — and if there aren’t enough workers, they have to increase pay, which increases the overall cost of running the business. But while annual price growth, at more than 3%, remains above the Federal Reserve’s...
Federal Reserve Chair Jerome Powell cautioned 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. “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 longer than expected to achieve that confidence,” Powell said during a panel discussion. “If higher inflation does persist,” he said, “we can...
The Fed released the minutes from its March meeting.
says he cannot remember the last time he played football without pain. Speaking ahead of ’s quarter-final first leg against Bayern Munich, Jesus added that it is “unfair” to compare him to strikers like and when his role as a forward often differs from that of a more traditional centre forward. Advertisement Most of the Brazil international’s appearances for Arsenal this season have come as a No 9, but he has also been used off the wings by Mikel Arteta. He has been played off the left in...
Paris St-Germain manager Luis Enrique believes his side are in a great
Catching the Galarian Birds in Pokemon Go may seem impossibly hard, but a handy feature in the mobile game helps you grab these rare Legendaries without effort. Pokemon Go players are always on the lookout for the Legendary trio of the Galarian Birds with the Daily Adventure Incense and leave no stone unturned to catch these rare Pokemon with a low catch rate of 0.3%. While most trainers fail to catch them despite their best efforts and resort to using the elusive Master Ball to...
During a recent podcast of the “Night Cap Show,” 3x NBA All-Star Gilbert Arenas and American former football tight end Shannon Sharpe discussed Ja Morant’s current condition and his comeback after the injury. “I think he’s cleaning the house; I think he’s surrounding himself with smarter people, people who are going to take him to …
The mogul has taken these hacking allegations out of the public arena. Use this moment to craft reforms that can be trustedTrue crime dramas, in which nobody wins but the lawyers, are not the kind of films that made Hugh Grant famous. His starring role in the long-running legal action against the Sun newspaper for phone hacking instead proves that real life is far more flawed and frustrating than film.After more than a decade of leading a campaign against what he called the “worst excesses of...
The March consumer price index data, released today, showed inflation rose to a 3.5% pace year over year, faster than February's 3.2% rate. The core data exceeded expectations too. The news is likely to delay interest-rate cuts by the Federal Reserve.
"Star Trek" actor William Shatner used Monday's total solar eclipse to promote climate change activism, asking "what's the point" of concerning ourselves with space when human life is being threatened.