The Federal Reserve has decided to leave a climate-focused central bank group, citing a shift in its mission. Federal Reserve Exits Climate Change Organization Amid Political Pressure Washington, D.C.: The Federal Reserve announced it’s stepping away from a group of central banks that aimed to tackle climate change through financial regulation. They joined this network…
Scott Bessent’s confirmation hearing revealed important signals for markets and economic policies under Trump. 5 Key Insights from Scott Bessent’s Confirmation Hearing for Treasury Washington: So, Scott Bessent had his confirmation hearing this week, and it was pretty revealing about what we might expect from the Trump administration. He’s the guy Trump wants to lead…
Interest rates are climbing even as the Fed cuts them, raising concerns about inflation and economic growth. Why Are Interest Rates Rising Despite Fed Cuts to Rates New York: So, what’s going on with interest rates? It seems a bit upside down, right? The bond market has been all over the place lately, pushing the…
Federal Reserve officials suggest potential rate cuts if inflation keeps decreasing, shifting market expectations for 2024. Fed Could Cut Rates Sooner If Inflation Continues to Cool Down New York: So, the Federal Reserve is hinting that they might cut interest rates sooner than we thought if inflation keeps dropping. Christopher Waller, a Fed governor, mentioned…
Fed Governor Waller suggests multiple interest rate cuts could happen in 2025 if inflation trends downward as expected Fed Governor Waller Predicts Possible Interest Rate Cuts in 2025 Washington: So, Federal Reserve Governor Christopher Waller recently shared some thoughts about interest rates. He mentioned that if inflation continues to ease, we might see several rate…
Jeffrey Gundlach criticizes the Fed for its short-term focus, suggesting it misses the bigger picture in managing inflation. Gundlach Compares Fed’s Approach to Mr. Magoo, Critiques Short-Term Focus New York: So, Jeffrey Gundlach, the CEO of DoubleLine Capital, recently shared his thoughts on the Federal Reserve. He thinks they’re kind of like Mr. Magoo, just…
US inflation continues to rise, complicating the Federal Reserve’s plans for interest rate cuts this year US Inflation Rises Again, Reducing Chances for Major Fed Rate Cuts This Year Washington: So, the latest news is that US consumer prices aren’t cooling off at all. In fact, they went up again in December, mainly due to…
Inflation continued to rise in December, with the consumer price index increasing by 2.9%, meeting expectations and impacting interest rate decisions. December Inflation: CPI Rises 2.9% as Anticipated, Marking Third Month of Growth New York: Inflation has been on the rise for three months now. In December, the consumer price index jumped 2.9% year-over-year, just…