Update 915 – Third Straight 25 bp CutDivides Fed, as Inflation Keeps Climbing The Fed cut interest rates by 25 basis points, as expected, at the conclusion of its December FOMC meeting this afternoon, in a 9-3 vote. Members confronted both a cooling jobs market and gains in prices. Fed Governor Stephen Miran dissented, seeking …
Update 905 — Fed Again Cuts Rates,Weighing Labor Weakness, CPI Gains The Federal Reserve cut interest rates by 25 basis points, as expected, at the conclusion of its October FOMC meeting this afternoon. Fed Chair Powell noted that the outlook for inflation and the labor market has not significantly shifted since September. Fed Governor Stephen …
Update 890 – Fed Independence Cooked?Landmark Suit vs. Trump Firing Launched President Trump attempted to fire Federal Reserve Governor Lisa Cook on Monday after his administration accused her of fraud – a crime she has not been charged with or convicted of. Cook has refused to step down and challenged her attempted “for cause” removal …
Update 885 – Fed Not Ready to Cut;Dissents from Two Chair Aspirants The Federal Reserve hit pause, as expected, on interest rates at the conclusion of its July FOMC meeting this afternoon, with two Trump-appointed Fed Governors – Waller and Bowman – dissenting. Such a dissent is rare. Today marks the first time two FOMC …
Update 883 – Drill-Down on Housing,Sector Stuck in Rate and Supply Ruts It has been a year since we’ve covered housing in depth, and since then, we’ve seen some troubling developments in the housing market. Earlier today, the National Association of Realtors reported that monthly sales had dropped more than expected last month as median …
Update 878 – OBBB’s Parable of the Cave: GOP Moderates, Hawks Chicken Out on Bill Moments ago, the House passed Trump’s signature domestic economic legislation, the “One Big Beautiful Bill Act,” sending it to Trump’s desk in time for July 4. Trump achieves much of his domestic policy agenda, with his TCJA tax cuts extended, …
Update 865 – Another Fed Rate Pause;June Hold Likely Given Tariff Uncertainty The Federal Reserve hit pause, as expected, on interest rates at the conclusion of its May FOMC meeting this afternoon. While many expected Fed Chair Powell to hint at a coming rate cut at the FOMC’s next meeting in June, he instead emphasized …
