April’s hot inflation report has pushed Federal Reserve rate cut expectations to 2027, complicating the transition for incoming Chair Kevin Warsh.
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Five years ago, inflation was taking off, and Federal Reserve leaders wrongly believed that it would be transitory. Now, leaders of the central bank are focused on how to avoid repeating that mistake. The big picture: The U.S. is facing an eerily familiar backdrop of price shocks, and the Fed is trying to avoid a repeat of its biggest forecasting error of recent years. Fed chair…
When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. His predecessor will also still be roaming the halls. Why it matters: Taken together, Wednesday’s news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that…
PFA Pension Forsikringsaktieselskab purchased a new position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,467,182 shares of the financial services provider’s stock, valued at approximately $474,516,000. JPMorgan Chase & Co. accounts for 1.3%…
Ground Swell Capital LLC acquired a new position in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,042 shares of the company’s stock, valued at approximately $1,340,000. Pinnacle Financial Partners accounts for about…
Global Wealth Management Investment Advisory Inc. trimmed its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 89.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,414 shares of the CRM provider’s stock after selling 12,084 shares during the period. Global Wealth Management…
Robertson Stephens Wealth Management LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 137.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,540 shares of the social networking company’s stock after acquiring an additional 11,325 shares…
Chicago Federal Reserve Bank CEO Austan Goolsbee talked inflation, job markets and advice for those facing job disruption during a visit to Rockford.
Prediction markets are growing in popularity for betting on elections, and some of Kentucky's primary candidates are taking note.
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios The U.S. economy added 115,000 jobs in April, while the unemployment rate held at 4.3%, the Labor Department said on Friday. Why it matters: Employers kept hiring through the Iran war’s energy shock, a sign of labor market resilience that complicates the case for the Federal Reserve to cut interest rates. By the…
Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…
More than 60,000 Pennsylvanians have dropped Pennie coverage since Jan. 31, or the end of open enrollment, the state says.
Farmers Insurance Group, the second-largest home insurer in California, is set to raise overall policy rates for homeowners by 1.5% this fall. Farmers covers approximately 11% of all insured homes in California, second only to State Farm General. In 2023, Farmers began capping the number of new policies it wrote in California each month.
State regulators say legislative reforms passed in recent years have lowered homeowners insurance rates in the Florida in 2026 but many residents are still seeing red over increases to their annual premiums. "Are Florida homeowners with homes located away from the coast paying rates to cover homes located on barrier islands and the coast?
Early retirement sounds like a dream, but if you don’t handle your finances perfectly, that dream could be stripped from you. Millions of older workers find that certain banking and retirement account rules make early retirement far more difficult than expected. Some of these rules involve taxes, withdrawal penalties, income limits, and account restrictions that quietly…
BadDrivingRecord.com has expanded its high-risk auto insurance support across six states, helping drivers compare coverage options after tickets, accidents, DUIs, lapses in coverage, and SR-22 or FR-44 filing requirements. The company combines online comparison tools with licensed agent support and educational resources.
Rising liability insurance costs in Kansas and across the nation are prompting doctors to call on states to impose limits on the damages patients can collect in malpractice cases. Why it matters: Groups led by the American Medical Association (AMA) say that without payout limits, physicians will relocate from high-cost states, leaving patients with fewer care options. State of…
Rising liability insurance costs are prompting doctors to call on states to impose more limits on the damages patients can collect in malpractice cases. Why it matters: More than half of the states have enacted malpractice payout limits, in an effort to make insurance premiums more predictable. But groups led by the American Medical Association say that without more relief,…
Five years ago, inflation was taking off, and Federal Reserve leaders wrongly believed that it would be transitory. Now, leaders of the central bank are focused on how to avoid repeating that mistake. The big picture: The U.S. is facing an eerily familiar backdrop of price shocks, and the Fed is trying to avoid a repeat of its biggest forecasting error of recent years. Fed chair…
