The Federal Reserve announced on June 14 that it has “paused” its relentless pace of interest-rate hikes for the first time in 15 months. In March,2022, the Fed commenced hikes, then continued as follows: Fed Meeting Rate Increase Target Rate March 15–16, 2022 +25 basis points 0.25–0.5 percent May 3–4, 2022 +50 basis points 0.75–1.0…
Don’t Let the Fed Pause Become a Fed Surrender to a Higher Inflation Target Rate
June 19, 2023
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Inflation Is the Least of Our Problems
Commentary The Federal Open Market Committee’s unanimous decision on Wednesday not to raise the federal funds rate, which banks charge each other for overnight loans, has champagne corks popping in some quarters, where it is hailed as evidence of the long-in-coming conquest of inflation; while others see Federal Reserve Chairman Jerome Powell turning chicken in…
LIVE NOW: NTD News Today (June 15): GOP Senators Want Special Counsel to Probe Biden; Former Morgue Manager Allegedly Sold Body Parts
June 15, 2023
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Republican senators want the Department of Justice to appoint a special counsel to investigate an alleged Biden family bribery scheme. Sen. John Kennedy (R-La.) said only the DOJ can address Americans’ doubts at this point. A former morgue manager at Harvard Medical School was allegedly stealing and selling human body parts. Cedric Lodge is now facing…
NTD News Today (June 15): GOP Senators Want Special Counsel to Probe Biden; Former Morgue Manager Allegedly Sold Body Parts
June 15, 2023
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Department of JusticeEpochTVFederal ReserveHarvard Medical SchoolJoe BidenLive VideosNTD News Todayspecial counselUSUS NewsVideo
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Republican senators want the Department of Justice to appoint a special counsel to investigate an alleged Biden family bribery scheme. Sen. John Kennedy (R-La.) said only the DOJ can address Americans’ doubts at this point. A former morgue manager at Harvard Medical School was allegedly stealing and selling human body parts. Cedric Lodge is now facing…
Federal Reserve Keeps Interest Rates Unchanged, Leaves Door Open to More Rate Hikes
For the first time in more than a year, the Federal Reserve has left interest rates unchanged but signaled that two more rate hikes are poised to happen this year. The benchmark federal funds rate held steady at a range of 5.00 and 5.25 percent, effectively ending the streak of ten consecutive rate hikes. “Holding…
LIVE NOW: Federal Reserve Chair Powell Holds News Conference After Release of Interest Rate Policy
June 14, 2023
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Federal Reserve System Chair Jerome Powell holds a press conference after the release of the Fed policy decision at 2:30 p.m. ET on June 14. …
Federal Reserve Chair Powell Holds News Conference After Release of Interest Rate Policy
June 14, 2023
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Federal Reserve System Chair Jerome Powell holds a press conference after the release of the Fed policy decision at 2:30 p.m. ET on June 14. …
LIVE NOW: Federal Reserve Chair Powell Holds News Conference After Release of Fed Policy
June 14, 2023
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Federal Reserve System Chair Jerome Powell holds a press conference after the release of the Fed policy decision at 2:30 p.m. ET on June 14. …
US Inflation Slows to Lowest Level in 2 Years as Food, Energy Prices Continue Downward Trend
The annual inflation rate slowed to 4 percent in May, down from 4.9 percent in April, according to the Bureau of Labor Statistics (BLS). This came in below the consensus estimate of 4.1 percent and represented the lowest level in two years. On a month-over-month basis, the consumer price index (CPI) rose just 0.1 percent,…
US Inflation Slows to 2-Year Low as Energy Prices Continue Downward Trend
The annual inflation rate slowed to 4 percent in May, down from 4.9 percent in April, according to the Bureau of Labor Statistics (BLS). This came in below the consensus estimate of 4.1 percent and represented the lowest level since March 2021. On a month-over-month basis, the consumer price index (CPI) rose just 0.1 percent,…
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