Fed hold rates steady, casts doubt on March cuts: The Federal Reserve held interest rates steady Wednesday following its first monetary policy meeting of the ...
thehill.com/business/4439921-fed-declines-to-cut-rates-as-inflation-consumer-confidence-improve/
Quick Glance: Labor Cost Data Signals Inflation Improvement
- Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.
- The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.
- ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.
- The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
Warren picks up Biden's call to crack down on 'shrinkflation': The Massachusetts Democrat spoke to ABC's "GMA3" about targeting the practice.
abcnews.go.com/Politics/warren-picks-bidens-call-crack-shrinkflation/story
"Economist Isabella Weber has the receipts showing how price-gouging sellers push inflation higher," writes Senator Elizabeth Warren. Show more
Warren Calls on Fed to Halt Interest Rate Hikes as Inflation Eases: Senator Elizabeth Warren called on the Federal Reserve to halt interest-rate increases as the ...
bloomberg.com/news/articles/2023-07-12/warren-tells-fed-to-take-yes-for-an-answer-and-halt-rate-hikes
Warren, Sanders, and 10 Others to Powell: Stop Hiking Rates or Risk Terrible Recession
commondreams.org/news/warren-sanders-powell-rate-hikes
Senator Warren said 2 million Americans will lose their jobs if Powell keeps raising rates.
Powell says inflation is extremely high and is hurting all working ... Show more
Federal Reserve Chair Jerome Powell and Sen. Elizabeth Warren went head-to-head Tuesday over the fed's plan to slow the labor market in effort to curb ... Show more
Senator Warren blasts Fed’s Jerome Powell on banks, rates: Sen. Elizabeth Warren has made it clear she is not a fan of Federal Reserve Chair Jerome Powell ...
foxbusiness.com/politics/senator-warren-blasts-feds-jerome-powell-banks-rates
The Tide Goes Out, and Silicon Valley Bank Already Drowned: Imprudent bankers weren’t the only ones who believed the financial waves would never recede.
wsj.com/articles/the-tide-goes-out-and-silicon-valley-bank-already-drowned-risk-fdic-bailout-fed-warren-inflation-interest-rates-f017dd39
Paid articlePaid
Warren Calls For 'Landing the Plane Not Crashing It' After Fed Hikes Rate Despite Cooling Inflation
commondreams.org/news/federal-reserve-rate-hike-warren
The billionaire cofounder of Home Depot compares the Fed to ‘the gang that can’t shoot straight’ and says the coming crash is ‘not going to be pretty’
fortune.com/2023/03/09/home-depot-cofounder-ken-langone-recession-inflation-fed-interest-rates-mistakes-economy-crisis/
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Editorial: Dem spending lit spark that ignited SVB collapse: Financial experts point out that SVB put billions into government bonds when interest rates were ...
bostonherald.com/2023/03/14/editorial-dem-spending-lit-spark-that-ignited-svb-collapse/
The Fed hikes interest rates for the 10th time; pause could be next: The Fed raised interest rates by 25 basis points on Monday as it faced calls from Sen ...
businessinsider.com/did-fed-raise-interest-rates-may-pause-hikes-jerome-powell-2023-5
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Elizabeth Warren Rips Fed's 'Extreme' Interest Rates Hike As Anger Grows: The Federal Reserve is expected to raise interest rates twice this year following a ...
newsweek.com/elizabeth-warren-rips-fed-extreme-interest-rates-hike-anger-grows-1775499
Warren Wants Fed Vice Chair Pick to Be Tougher on Banks: Senator Elizabeth Warren was focused before the banking turmoil on getting President Joe Biden to name a ...
bloomberg.com/news/articles/2023-03-23/warren-wants-biden-s-fed-vice-chair-pick-to-be-tougher-on-banks
Financial World Celebrates Slowing Wage and Employment Growth in New Jobs Report: In the debate over American workers’ welfare versus the Federal Reserve’s ...
theintercept.com/2023/01/06/unemployment-inflation-fed-interest-rates/
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Elizabeth Warren: Fed's Powell is pushing to get more people fired in inflation fight
businessinsider.com/elizabeth-warren-fed-powell-pushing-more-people-fired-inflation-interest-2022-12
Paid articlePaid
Quick Glance: The Federal Reserve of the United States lifts the benchmark interest rate by half a percentage point to slightly under 4.5 percent.
- At the same time, it stated that it will not relent in its fight against inflation.
- The main interest rate could be above 5% for the entire year of 2023.
- Second, even with a key rate of somewhat less than 4.5 percent, the cycle is unlikely to be over.
- To go back to the two percent target, he said he would accept some "macroeconomic pain" - that is, a minor uptick in the extremely low unemployment rate.
Fed’s Powell spurs backlash from Warren, labor advocates over job losses: A growing coalition of progressives has its own message to the Fed: Stop punishing ...
politico.com/news/2022/11/28/fed-reserve-powell-inflation-jobs-workers-00070535
Lawmakers to Powell: 'How Many Millions Will Be Thrown Out of Their Jobs' Due to Fed Policy?
commondreams.org/news/2022/11/01/lawmakers-powell-how-many-millions-will-be-thrown-out-their-jobs-due-fed-policy
Quick Glance: The Fed Must Make Tough Decisions As Inflation Continues to Rise and Economic Risks Increase Loom
- On Wednesday, the Federal Reserve is likely to maintain its fight against the fastest inflation in 40 years by hiking interest rates by three-quarters of a percentage point for the fourth time in a row.
- The most recent economic predictions from the Fed, given in September, suggested that it may begin next month.
- Inflation may start to fuel itself.
- Most Fed policymakers have based the Fed's decision to slow and eventually cease raising interest rates on the level of interest rates rather than what is occurring with inflation.
Pressure mounts on Fed to slow 'alarming pace' of rate hikes: The central bank is expected to raise rates by another three-quarters of a percentage ...
politico.com/news/2022/11/01/federal-reserve-rate-hike-pressures-00064196
Elizabeth Warren slams the Fed for risking 'pushing our economy off a cliff': 'There is a big difference between landing a plane and crashing a plane'
businessinsider.com/warren-recession-2022-federal-reserve-interest-rates-risking-economy-2022-11
Sen. Warren Worried Fed Will ‘Tip This Economy Into Recession’: “Do you know what’s worse than high prices and a strong economy? It is high prices and millions ...
huffpost.com/entry/elizabeth-warren-federal-reserve-tip-economy-recession_n_630be6f3e4b0dc23bbe9acdc
Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
cnbc.com/2022/07/27/fed-decision-july-2022-.html
Quick Glance: The United States' GDP fell at a 0.9% annual rate in the second quarter, raising fears of a recession.
- For the second quarter in a row, output fell, hampered by rising prices and borrowing rates.
- Treasury Secretary Janet Yellen stated on Thursday that the United States is experiencing "very significant fiscal drag."
- The Commerce Department reported Thursday that GDP, a broad measure of goods and services generated across the economy, dropped at an inflation and seasonally adjusted annual rate of 0.9% in the second quarter.
- Any changes in pricing or terms will be communicated to you in advance.
Corporate profits are at a 70-year high. Will the Inflation Reduction Act change that?
finance.yahoo.com/news/corporate-profits-are-at-a-70-year-high-will-the-inflation-reduction-act-change-that-173207569.html
Elizabeth Warren says she is 'very worried' Fed is causing a recession: Speaking on CNN's "State of the Union," the senator said she believes Fed Chair Jerome ...
businessinsider.com/elizabeth-warren-worried-federal-reserve-causing-recession-2022-8
Quick Glance: The rupee recovers from an all-time low of 80.15, but the Sensex falls 816 points as the United States raises inflation fears.
- He went on to say that containing price increases might necessitate a "sustained period of below-trend growth"
- Higher lending rates imply more expensive loans for customers, discouraging them from making new investments.
- This gives consumers more money to deal with price increases in daily necessities.
- Some of the notable equities that gained were Hindustan Unilever, Nestle India, Maruti Suzuki, and Reliance Industries.
Warren: Fed chief threatening ‘surprisingly strong economic recovery’: Sen. Elizabeth Warren (D-Mass.) writes in a new op-ed that Federal Reserve Chairman Jerome ...
thehill.com/homenews/senate/3572744-warren-fed-chief-threatening-surprisingly-strong-economic-recovery/
TAXING TIMES: The progressive senator's idea has received swift blowback from tax experts as a potential conflict of interest. https://fxn.ws/3Qn0Nt1
Sen. Elizabeth Warren said Sunday she is “very worried” the Federal Reserve’s moves to fight inflation will “tip the economy into recession ... Show more
Elizabeth Warren says aggressive Fed rate hikes risk recession for US: The fast pace of big rate hikes could "pitch this economy into a recession ...
markets.businessinsider.com/news/bonds/elizabeth-warren-federal-reserve-rate-hikes-recession-aggressive-economy-inflation-2022-7
Quick Glance: The Federal Reserve of the United States raises interest rates by 75 basis points to combat inflation.
- Get more articles every month.
- In an interview with CTV News on Wednesday, Bank of Canada Governor Tiff Macklem recognized that the central bank's credibility has been questioned.
- The European Central Bank increased its benchmark deposit rate by 50 basis points to zero percent, exceeding its own projection for a 25 basis point increase as it joined global counterparts in raising borrowing costs.
- The Bank of Canada raised rates by a full percentage point earlier this month, and the European Central Bank startled with a larger-than-expected half-point increase, its first in more than a decade.
Sens. Sanders, Warren set to give billionaires free pass after years of knocking tax loopholes for wealthy
foxnews.com/politics/sanders-warren-likely-vote-manchin-backed-bill-years-knocking-loopholes-wealthy
Senator Warren Leads Congressional Group's Probe Into Bitcoin Mining Energy Use in Texas
coindesk.com/policy/2022/10/12/senator-warren-leads-congressional-groups-probe-into-bitcoin-mining-energy-use-in-texas/
Warren Warns Powell That Fed's Rate Hikes Could Drive US Economy 'Off a Cliff': "You know what's worse than high inflation and low unemployment? It's high ...
commondreams.org/news/2022/06/22/warren-warns-powell-feds-rate-hikes-could-drive-us-economy-cliff
Quick Glance: Stock market today: US futures rise, while oil falls following Powell's remarks
- US futures climbed, but global markets sank after Fed Chairman Powell reignited recession fears, while oil prices fell further due to supply concerns.
- Global stocks decreased overall, with the MSCI World Index falling 0.24%.In Europe, stocks dipped early in the morning after preliminary Eurozone PMI data showed the economy contracting as inflationary pressures mounted.After trading below $104 early in the afternoon, WTI crude fell 0.7% to $105.48 per barrel.
Economists Warn More Fed Rate Hikes Would 'Push Millions Out of Work': In the wake of a higher-than-anticipated inflation reading, experts implored the Federal ...
commondreams.org/news/2022/07/13/economists-warn-more-fed-rate-hikes-would-push-millions-out-work
Bernie Sanders, Elizabeth Warren, and other Democrats want to pay retirees an additional $2,400 in their Social Security checks — by raising taxes on the ...
businessinsider.com/sanders-warren-plan-boost-social-security-checks-2022-6
Global inflation woes
Rate hikes would put people out of work: Democratic US Senator Elizabeth Warren
WION brings you this report
... Show more
Biden’s Post-Midterms Pivot Could Start at Treasury: Janet Yellen has become a face of the inflation problem. Gina Raimondo is rumored in D.C ...
nymag.com/intelligencer/2022/06/bidens-post-midterms-pivot-could-start-at-treasury.html
Quick Glance: Joe Biden: Inflation is a "Fluch unserer Existenz"
- The US President will undoubtedly counter-tax through compensatory measures.
- The high prices for alcoholic beverages and foodstuffs, according to Biden, will most likely be offset by new laws that reduce the costs of prescription drugs and child care.
- "Wir gehen davon aus, dass die Inflationsrate steigen wird" White House Press Secretary Karine Jean-Pierre said to reporters on board Air Force One on Tuesday, according to reports.
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