Breitbart Business Digest: The Fed Is Ignoring Signs of Overheating Economy
The Federal Reserve is falling behind the curve again.
Federal Reserve - Page 4
Fed Holds Rates Steady, Expects Economic Growth, Hiring, and Inflation to Slow
Growth is up. Inflation is up. Job openings are up. The Fed’s interest rate target, however, is not.
Breitbart Business Digest: Wall Street Expects More Cuts Than the Fed Does
Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year.
Breitbart Business Digest: Fed Plans to Stay on Hold for November
The Federal Reserve is planning on staying “patient” at this week’s meeting of the Federal Open Market Committee.
Breitbart Business Digest: Powell Signals No More Fed Hikes This Year
Federal Reserve Chair Jerome Powell’s remarks today gave plenty of reason to believe that the Fed will not hike rates at its November 1 meeting.
A Dovish Jerome Powell Signals Fed Is Done Hiking Rates—for Now
Powell sent a message that the Fed’s next “move” will be a long pause in interest rate changes.
Breitbart Business Digest: The Fed’s Chris Waller Kills the Halloween Hike
Federal Reserve Governor Chris Waller on Wednesday drained some of the drama of the coming Halloween meeting of the Federal Open Markets Committee.
Breitbart Business Digest: The Philly Fed’s Patrick Harker Thinks Interest Rates Are High Enough
Philadelphia Federal Reserve President Patrick Harker said on Monday that he believes it is time for the Fed to stop raising rates.
Carney on ‘Kudlow’: Inflation Is Going Back Up and We’ll Need a Shock-Inducing Rate Hike
On Thursday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney reacted to the September CPI report and stated that the inflation progress over the summer appears to be an outlier and “when the Fed actually gets
Breitbart Business Digest: The Fed’s Fight Against Inflation Has Stalled
The Federal Reserve’s fight against inflation has faltered.
Breitbart Business Digest: The Bond Market Won’t Cause a Recession—But the Fed Might
The recession is back on, baby.
Job Openings Unexpectedly Surge Higher, Putting Pressure on Fed to Hike Again
Job openings surged above even the highest estimates, raising concerns that the Fed’s interest rates have not done enough to cool off the economy or ward off another rise in prices.
Fed’s Fight Against Bidenflation Sends Pending Home Sales Plunging to Near Pandemic Lockdown Lows
Sales have dropped to near all-time lows.
Breitbart Business Digest: Powell Is in Denial About the Fed’s Soft Landing Forecast
The Federal Reserve appears to expect the softest of landings next year.
Refi Mortgage Demand Surges 13.2% Despite High Rates
Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 percent and refinancings jumped 13.2 percent. The burst
Breitbart Business Digest: The Fed Will Hold Rates Steady Tomorrow
The biggest question in economics today is whether the Fed can engineer a soft landing.
Breitbart Business Digest: The Fed’s Rate Target Won’t Change This Week—But Everything Else Probably Will
The announcement of the Federal Reserve’s interest rate target is likely to be the least interesting thing coming out of this week’s Fed meeting.
Bidenflation Keeps Going: Inflation Edged Higher in July
The inflation fight is getting tougher.
Cleveland Fed Pres: Inflation Staying Above 2% ‘Well Beyond 2025’ Is ‘in the Cards Now in Terms of the Forecast’
During an interview with Bloomberg on Friday, Cleveland Federal Reserve Bank President Loretta Mester stated that she doesn’t want to entertain inflation remaining above 2% for longer than needed due to under-tightening and she wouldn’t want to see the timeline
Powell Warns: ‘We Are Prepared To Raise Rates Further’
The Fed chairman warned that rate hikes may not be over and rejected the idea of raising the central bank’s inflation target.
Philly Fed President: Inflation Will Move ‘Slowly’ to 2% Target in 2025, It’ll Be Near 3% in a Year
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Philadelphia Federal Reserve Bank President Patrick Harker stated that by this time next year, inflation will be around 3% and will move “slowly” to the 2% target level “in 2025.” CNBC
Trump: I Wouldn’t Renominate Powell for Another 4-Year Fed Chair Term, He Wanted Higher Rates for Longer, Was ‘Late’
During a portion of an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” 2024 Republican presidential candidate former President Donald Trump said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell
DeSantis: I Wouldn’t Renominate Powell for Another 4-Year Fed Chair Term, He Put Too Much Money into Economy
During an interview with CNBC on Monday aired on Monday’s broadcast of “Last Call,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell to another
Breitbart Business Digest: What Will Jerome Powell Do in Jackson?
The annual monetary policy conference in Jackson Hole, Wyoming, has the potential to produce some explosive results.
Labor Market Heating Up Again, Putting Pressure on Fed For Another Hike: Conference Board
A key gauge for the U.S. labor market indicates more jobs will be added in the months ahead, suggesting the Federal Reserve will hike again later this year.
Atlanta Fed President: We Have Broad-Based Inflation and Fed Will Be Restricting ‘Well into 2024’
During an interview with Bloomberg on Friday, Atlanta Federal Reserve President Raphael Bostic predicted that “it will just take a while” for inflation to hit 2% and the Federal Reserve will be in a restrictive stance “well into 2024,” and
Dimon: We’re Raising Rates to Fight Inflation, then Counteracting It with Government Spending
On Wednesday’s broadcast of CNBC’s “Power Lunch,” JPMorgan Chase Chairman and CEO Jamie Dimon said that fiscal policy is contradicting the Federal Reserve’s efforts to fight inflation and that we’re currently paying for continuing COVID spending and quantitative easing for
Breitbart Business Digest: The Fed Drops Its Recession Call
Federal Reserve Chairman Jerome Powell said the Fed is no longer forecasting a recession given the latest economic data showing the resilience of the U.S. economy.
Breitbart Business Digest: Everyone Is Still Fighting the Fed
Even the economists do not believe the Federal Reserve.
Exclusive — Rick Scott: Federal Reserve Supposed to Benefit Americans, Not Big Banks
Sen. Rick Scott (R-FL) touted his legislation to create more accountability at the nation’s central bank in an interview with Breitbart News, declaring that the Fed is supposed to be a boon to the American people, not the big banks.
SF Fed Bank Pres: I Wasn’t ‘Regularly Aware’ of SVB Problems, That’s ‘a Feature’ So We Could Have SVB’s CEO on Board
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly stated that she was “not regularly aware” of the problems with Silicon Valley Bank (SVB) and said that doing this
SF Fed Bank Pres. on Failure to Spot SVB’s Problems: We Need Fixes, But Most Banks Managed Risk Well
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly responded to a question on why the weaknesses in Silicon Valley Bank weren’t identified by stating that while there are
Fed Governor Waller Says Two More Hikes Needed This Year
Long and variable? Maybe not. Fed Governor Christopher Waller have a speech titled “Big Shocks Travel Fast: Why Policy Lags May Be Shorter Than You Think” on Thursday night in New York.
Bullard, a Key Voice in Inflation Fight, Steps Down as Head of St. Louis Fed
St. Louis Federal Reserve President James Bullard announced on Thursday that he was stepping down from his post to take the position of dean at Purdue University’s Mitchell E. Daniels, Jr. School of Business.
Inflation Slowed In June: Consumer Prices Rise at Slowest Pace Since 2021
Inflation fell by more than expected in June.
Summers: We’ve Seen Transitory Inflation Elements Fade, We’ll Need More Rate Hikes
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers predicted that the Federal Reserve will
Acting Labor Sec’y: Rate Hikes Are Hurting a Lot of People, People ‘Continue to Feel’ ‘Pain’
On Friday’s broadcast of MSNBC’s “Ana Cabrera Reports,” acting Labor Secretary Julie Su acknowledged that the Federal Reserve hiking interest rates to tame inflation is hurting many people and stated that “We should acknowledge some of the pain that Americans
Ukraine’s Gold and Currency Reserves Now Largest Ever, Says Central Bank
Chairman of Ukraine’s National Bank thanks Western partners for cash as reserves now the largest in history.
Summers: Fed Pausing, Increasing Inflation Forecast Seems Driven by ‘Internal Political Dynamics’ — No Clear ‘Durable Reduction in Inflation’
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that we do not have
Breitbart Business Digest: The Market Still Doubts Fed’s Inflation Resolve
Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.
