Tag: Inflation
Labor department’s data upset may have sealed the deal for a base rate cut
Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but last week’s revisions to...
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless’, ‘unprecedented’ tariffs so far, stagflation is coming
Following the latest round of tariffs, it’s only a matter of time before the other economic shoe drops, according to one investor who predicted...
Jamie Dimon doubles down on backing Powell despite Trump criticism, saying an independent Fed means lower rates
JPMorgan Chase CEO Jamie Dimon has doubled down on his support for Fed chairman Jerome Powell—despite criticism from the Oval Office of the Fed’s...
Powell didn’t just refuse to deliver a rate cut—he also hinted a raise might have been on the cards
In a move that everyone was expecting, U.S. Federal Reserve Chairman Jerome Powell disappointed Donald Trump again yesterday by refusing to cut the base...
Trump has given Powell ‘no motivation to cooperate’ says former White House commerce secretary—he might now be paying the price for it
Despite insistence from President Trump that the base interest rate should be cut, it seems the policy and rhetoric out of the White House...
Meet the 40-something self-made ‘everyday millionaires’ who say they still don’t feel rich
As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t...
Amazon refutes report that it raised prices of popular items since Trump took office | TechCrunch
A report in The Wall Street Journal (WSJ) last week found that prices on Amazon’s low-cost essentials had risen since President Trump announced his...
Warren Buffett’s longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to...
Rising beef prices might force Philly shop to list cheesesteaks at market price
Ken Silver knows beef because he knows Philly cheesesteak. He hopes that a summer spike in how much he pays for his restaurant’s main...
There’s a ‘scary’ recession warning hidden in the too-good-to-be-true economic data, Wells Fargo warns
Recent economic data have eased fears that President Donald Trump’s tariffs aren’t yet causing a downturn or spike in inflation, but Wells Fargo is...
