Blue State Blues: Trump Needs to Project Stability
President Donald Trump has been projecting a sense of uncertainty and frustration. He needs to do the opposite, and project reassurance and leadership.
President Donald Trump has been projecting a sense of uncertainty and frustration. He needs to do the opposite, and project reassurance and leadership.
The Federal Reserve on Wednesday cut its benchmark interest rate by one-quarter of a percentage point.
“The Fed has made all of the wrong moves,” President Donald Trump tweeted on the eve of the Fed’s July meeting.
Alfredo Ortiz of Job Creators Network writes in the Washington Times recommending that the Federal Reserve lower interest rates this week to stoke the fire of the booming U.S. economy.
Fed Chair Jerome Powell said that it was appropriate for the Fed to cut rates if concerns about trade and tariffs were slowing the economy.
The Fed concluded its two-day meeting with tweaks to its statement on policy and the economy while leaving rates unchanged.
This is the most important Fed meeting in years. Will the Fed cut rates or just promise to cut rates later this summer?
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez want to shut down a new Amazon “credit builder” card for people with no credit or bad credit.
“They made a big mistake. They raised interest rates far too fast,” Trump said in a phone interview with CNBC’s “Squawk Box.”
The Fed’s April statement appears far more dovish, noting that core inflation is undershooting its target.
The market not only no longer expects a Fed hike this year. It is now pricing in one or two cuts by year’s end.
New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the best rate in eight months.
Powell wanted to reassure markets that the Fed wouldn’t blindly march into higher rates.
President Trump said he has confidence in Treasury Secretary Mnuchin and criticized the Fed for once again raising interest rates.
Stocks may well rebound in the new year. But for now, Jerome Powell has put a giant lump of coal in America’s Christmas stocking.
FFederal Reserve Chairman Jerome Powel revealed the Federal Open Market Committee (FOMC) brought the prediction down to two rate hikes in 2019 from three in light of the quarter percent rate hike announced Wednesday afternoon.
Federal Reserve Chairman Jerome Powell declared 2018 the “best year since the financial crisis” after revealing a late 2018 quarter percent rate hike Wednesday.
The Federal Reserve announced Wednesday afternoon, less than a week before Christmas, that the Fed will raise interest rates a quarter of a point, from 2.25 to 2.50 percent.
WASHINGTON (AP) — The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow hikes next year. The quarter-point hike, to a
President Donald Trump urged the Federal Reserve on Tuesday not to raise interest rates again. “Feel the market, don’t just go by meaningless numbers,” Trump wrote. “Good luck!”
“One and done” is now the market forecast of Fed interest rate hikes.
The futures market is no longer pricing in a rate hike in 2019.
Worries about growth and trade battered the stock market Tuesday.
Another indication that the Federal Reserve may be moving rates up too far.
The weakest spot in the U.S. economy looks even weaker.
The Fed chair’s position on rates has shifted dramatically over the last two months.
President Donald Trump blasted “FAKE NEWS” of tension with Treasury Secretary Steven Mnuchin Friday, countering it with praise.
Trump is no longer alone in his criticism of Fed tightening. An increasing chorus of investors and business leaders say the Fed is moving into dangerous territory.
The Fed said it expected to hike rates three times in 2019. The market thinks it will only hike once.
A warning flare just went up from homebuilders.
“Maybe he wants Trump to lose,” Cramer said on the financial news networks’ “Squawk on the Street” program.
President Trump thinks interest rates have been rising too quickly. Would-be home buyers seem to agree.
Fed officials think the economy is strong enough to justify rates marching steadily upwards.
Housing starts and mortgage applications were lower than expected. It may be time for the Fed to rethink its plan to hike interest rates further.
Wednesday’s rate hike was the third this year and the eighth since the Fed began raising interest rates in December 2015.
Charles Evans, a long-time dove opposed to interest rate hikes, now sees the Fed moving to restrict growth as tax cut stimulus pushes down unemployment and inflation rises.
President Donald Trump called out China and the European Union on Friday for manipulating their currencies.
U.S. Federal Reserve officials announced a modest interest rate hike on Wednesday, predicting two more this year as the American economy continues to grow.
Employment, household spending, and business investment have made solid gains, according to the Federal Reserve.
The Atlanta Fed’s real-time forecast of economic growth now says GDP appears to be growing at a 3.3 percent annualized rate, up from 2.9 percent on December 8.