WASHINGTON — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. [time-brightcove not-tgx=”true”] A major concern expressed by both Fed policymakers and some economists is that higher borrowing costs aren’t having as much of an impact as economics textbooks would suggest.

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BING NEWS:
  • Asia shares inch higher before inflation tests
    Asian shares edged higher on Monday as investors braced for a busy week of data which culminates in a key U.S. inflation report that could set the stage for a cut in interest rates there, albeit not ...
    05/27/2024 - 1:24 am | View Link
  • Asia shares creep higher as US, EU inflation data loom
    Asian shares edged higher on Monday as investors braced for a busy week of data which culminates in a key U.S. inflation report that could set the stage for a cut in interest rates there, albeit not ...
    05/27/2024 - 1:24 am | View Link
  • Many Fed officials uncertain high interest rates are doing enough to crush inflation
    Some Federal Reserve officials questioned whether decades-high interest rates were sufficient to cool inflation, according to minutes released Wednesday from the central bank's policy meeting earlier ...
    05/22/2024 - 8:44 am | View Link
  • What An Improving U.S. Inflation Outlook Could Mean For The Fed's Rate Cut Timeline
    US CPI improves the inflation picture. US inflation is improving but some aspects are still troubling for the Fed ... high so far this year. So does that change the market's view on when the US ...
    05/16/2024 - 8:30 am | View Link
  • Stock market today: Wall Street rallies to new record highs after inflation finally slows
    Hopes that inflation is finally heading back in the right direction swept through Wall Street today, igniting a record-setting rally for stocks.
    05/15/2024 - 10:00 am | View Link
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  • Major retailers are offering summer deals to entice inflation-weary shoppers
    Denver Post, Monday - 05/27/2024 - 07:46 PM

    NEW YORK — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets. Target, Walmart and other chains have rolled out price cuts — some permanent, others temporary — with the stated aim of giving their customers some relief.

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  • Biden says each generation has to “earn” freedom, in solemn Memorial Day remarks
    Denver Post, Monday - 05/27/2024 - 07:45 PM

    WASHINGTON — President Joe Biden marked Memorial Day with a pledge that the country would continue the work of the nation’s fallen toward a more perfect union, “for which they lived, and for which they died.” Delivering remarks at a solemn remembrance ceremony at Arlington National Cemetery, Biden said each generation must ensure the sacrifice of the country’s service members is not in vain. “Freedom has never been guaranteed,” Biden said under gray skies in the memorial amphitheater.

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  • Charlie Blackmon’s big day lifts Rockies to streak-busting win over Guardians
    Denver Post, Monday - 05/27/2024 - 07:05 PM

    Charlie Blackmon loves baseball like an 8-year-old kid, works out with the energy of a teenager and views the game through the eyes of a gnarly veteran. All of those characteristics were on display Monday afternoon at sun-splashed Coors Field. Blackmon, who turns 38 on July 1, hit a three-run homer and two doubles and drove in four runs to lead the Rockies to an 8-6 victory over the Cleveland Guardians.

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  • Eric Goes On About Trump Family's 'Sacrifice,' Puh-leeze
    The Daily Dot, Monday - 05/27/2024 - 10:25 AM

    (video from Aug 20, 2023) No, it's not a cult. Here's what happened after Eric Trump agreed that his family 'sacrificed for the country': And we will do it again!

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  • Bloaty McBatshit: The Boos And Heckles Were Really 'Enthusiasm'
    The Daily Dot, Monday - 05/27/2024 - 10:23 AM

    Donald Trump is so full of shit that we're going to need to attach a toilet flush on his jaw. Trump was relentlessly booed and heckled at the Libertarian Convention Saturday evening. But to hear his sycophants say it, their Trumpy bear was a smashing success, and the thunderous applause could be heard from eleventy bazillion miles away.

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  • Rep. Dean: Honor Our War Dead By Following The Constitution
    The Daily Dot, Monday - 05/27/2024 - 10:23 AM

    Rep. Madeleine Dean yesterday blasted Sam Alito for blaming his wife for displaying the upside-down flag outside his home in the days following the Jan. 6, 2021, attack on the Capitol. Via The Hill: In an interview on NewsNation’s “The Hill Sunday,” Dean invoked Memorial Day and stressed the importance of abiding by a code of ethics when asked to respond to the latest Alito controversy. “I think I’ll end where I started, which is: How do we honor the war dead in this country?

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