The Fed's Economic Projections Aren't Living Up to Expectations On December 18th, the Fed officials voted to reduce the fund’s rate by 25 basis points, tightened their forward guidance on future cuts, and issued a new Summary of Economic Projections (SEP) with ... 12/30/2024 - 5:30 pm | View Link
U.S. inflation in 2024: H1 progress, then a sideways trend that made the Fed notice Take a look at the inflation story in 2024 through Seeking Alpha charts. Inflation settled into a sideways trend. Read more here. 12/27/2024 - 11:30 pm | View Link
What's Ahead For The Fed In 2025? Key Takeaways The Federal Reserve's plans for interest rate cuts in 2025 are up in the air as officials wait to see what policy President-elect Donald Trump will impose and what effect it has on the ... 12/27/2024 - 7:17 am | View Link
What does 2025 hold for interest rates, inflation and the American consumer? Some people expected a downturn in 2022 – and again in 2023 and 2024 – due to the Federal Reserve’s hawkish interest-rate decisions. The Fed raised rates rapidly in 2022 and held them high throughout ... 12/26/2024 - 12:03 am | View Link
The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more But with inflation pressures still elevated and with concern ... Loan rates may barely budge if the Fed sticks with its plan to cut its key short-term rate only twice next year. “This could be the ... 12/18/2024 - 8:37 pm | View Link
This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration.
Donald Trump has promised to deregulate the energy sector, boost fossil fuels, dismantle environmental rules, and otherwise attack climate progress. However, experts and advocates say that lawsuits that aim to hold the fossil fuel sector responsible for deceiving the public about the climate crisis still “have a clear path forward.”
“The overwhelming evidence of the industry’s lies and ongoing deception does not change with administrations,” said Richard Wiles, president of the nonprofit Center for Climate Integrity, which tracks and supports the litigation.
Axios’ morning email thingie alerts us that about half of the states are increasing minimum wage: The 21 states are Alaska, Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maine, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont, Virginia and Washington. Oregon and Florida will raise their minimum wage later in 2025.
Millions of workers are getting a raise on Wednesday, when the minimum wage is set to rise across 21 states, and 48 cities and counties, Axios’ Emily Peck writes.
Why it matters: The increases lift the pay of more than 9.2 million people, per the Economic Policy Institute’s tally.
Today it was announced that Pres. Biden will award the former Vice Chairwoman of a Committee investigating the Jan. 6 Capitol insurrection Liz Cheney, with the Presidential Citizens Medal, which is one of the nations highest civilian honors.
The recipients the president selected to be honored in his last medal ceremony have “performed exemplary deeds of service for their country or their fellow citizens,” the White House said in a statement on Thursday.
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The selection of Ms.