You can count on Senate Republicans to find pointless budgetary gimmicks to avoid talking about serious deficit reduction. In an interview last week with CNBC, Senator Ted Cruz floated the idea that the Federal Reserve should just stop paying interest to banks to save taxpayers money. The Federal Reserve pays banks interest on reserves.
Economic News
U.S. stocks have recovered from the hit they took on“ Liberation Day,” as President Donald Trump has scaled back record-setting global tariffs. But these tariffs are like cotton candy: They’ ve mostly dissolved, but the stickiness is still there. We know the Federal Reserve has not lowered interest rates since December.
Tariffs— and uncertainty over them— are forcing up costs for businesses in Ohio and parts of three other states, according to market surveillance published last week by the Federal Reserve Bank of Cleveland. The Cleveland Fed represents the Federal Reserve System's Fourth District— a region that covers all of Ohio and parts of Pennsylvania, Kentucky and West…
The average rate for a 30- year fixed-rate mortgage fell just one basis point to 6.94% for the week ending June 12, according to rates provided to NerdWallet by Zillow. The next Federal Reserve meeting ends on June 18, and the consensus among investors is that there's very little chance central bankers will vote to change the federal funds rate.
apa421000-Actuality–WHITE HOUSE– "a horrific crash"- At a bill signing, President Donald Trump says the plane crash in India was' horrific.'. apa421001-Actuality–WHITE HOUSE– "gonna fire him"- At a bill signing, President Donald Trump says he wants Federal Reserve Chair Jerome Powell to lower interest rates. apa421003-Wrap– WASHINGTON– "Haya Panjwani, Washington"-…
With the recent inflation numbers coming in cooler than anticipated for the United States, it does suggest that perhaps the Federal Reserve might be closer to cutting rates than originally thought, and the idea is that loose monetary policy has traders betting on more economic demand for crude oil. If we do break higher from here, then we could go looking to the…
U.S. stocks drifted higher following another encouraging update on inflation. Treasury yields fell again in the bond market after an update on inflation at the wholesale level came in better than expected, while a report on joblessness was slightly worse than forecast. That raised expectations for the Federal Reserve to begin cutting interest rates later…
Farmer sentiment in May climbed to its best level since May 2021 as the Purdue University-CME Group Ag Economy Barometer index reached 158, 10 points better than in April. Key reasons behind the sentiment improvement were a much-more-optimistic view of U.S. agricultural-export prospects, combined with a less-negative view of tariff impacts on 2025 farm…
The Euro's gains against the US Dollar intensified as investors assessed the growing divergence in monetary policy expectations between the European Central Bank and the US Federal Reserve. Recent statements from ECB officials have reinforced expectations that the central bank may soon pause its monetary easing cycle, adopting a wait-and-see approach…
—U.S. stocks are drifting lower as momentum wanes from a big rally that had brought the market to the brink of a record. Treasury yields fell in the bond market after a report on inflation in wholesale prices came in milder than expected. Wall Street trended lower in premarket trading early Thursday as the crash of another Boeing passenger jet dominated headlines…
Due to U.S. trade policies, another global financial institution forecasted slower economic growth on Tuesday. The World Bank cut its annual economic growth forecast, saying President Donald Trump's tariffs posed a "significant headwind" for nearly all economies. In its January report, the World Bank forecasted a 2.3% increase in U.S. gross domestic product.
If only the U.S. Treasury bond market were to crash, the thinking goes, then Trump would be forced to change his policies. No one can predict the future, but for decades Chicago has played a leading role in the Treasury markets via CME Group futures contracts. The most active 30- year Treasury bond and 10- year Treasury note contracts show expected prices through the…
A surprisingly positive inflation report for May is fueling "hope" that the Federal Reserve will cut interest rates later this year, a move that President Donald Trump openly has wanted. "President Trump has made no secret of the fact that he would like the Federal Reserve to cut interest rates," Nicholas Hyett, investment manager at Wealth Club, told the Daily Mail.
2025 JUN 11– By a News Reporter-Staff News Editor at Economics Daily Report– New research on Business- Management Science is the subject of a report. According to news originating from Basel, Switzerland, by NewsRx correspondents, research stated,“ Central bank liquidity backstops and bank leverage regulation interact across financial intermediaries and…
Two recent economic snapshots suggest that the region's economy, like the national economy, continues to move ahead but businesses and consumers are pulling back some as they expect higher inflation among other worries amid the tariff flip-flops and other uncertainties coming from Washington. Eight times a year the Federal Reserve posts its Beige Book…
The action was stronger in the bond market, where Treasury yields eased after a report showed inflation ticked up by less last month than economists expected. That raised expectations for the Federal Reserve to cut interest rates later this year. Markets didn’ t react much to the conclusion of two days of trade talks between the U.S. and China.
The market continues to see a lot of noisy behavior, which makes sense considering that we got here so quickly, and of course the fact that the Federal Reserve and its monetary policy is a bit of a question at this point, as inflation is somewhat sticky in the United States, and of course we get the CPI numbers on Wednesday. This could have a major influence on what…
America's debt-addicted government just lost its triple-A credit rating from Moody's, as it previously had from fellow rating agencies S&P and Fitch. Many in Washington shrugged the move off as minor or as unfair treatment of the Trump administration. The reckoning comes as House Republicans push to extend the 2017 Trump tax cuts with a "big, beautiful bill."
The World Bank has lowered Kenya's economic growth for 2025, down from 5 percent predicted about six months ago to 4.5 percent.. The downgrade comes on the back of the Central Bank of Kenya's Monetary Policy Committee announcing a cut in the benchmark lending rate by 50 basis points to 9.75 percent, a signal of growing concern about slowed economics and reduced…
