Fed's Bowman Open to Rate Hikes if Inflation Persists
Category: Economy Total Views: 276By : Editor Updated: 06-25-2024
Fed Governor Michelle Bowman Open to Rate Hikes if Inflation Persists
If inflation doesn't go down, Federal Reserve Governor Michelle Bowman said she's still willing to raise interest rates. Bowman stressed in a speech in London that the data at this time does not yet support reducing rates. She underlined that rate reductions should wait until inflation approaches the Fed's 2% goal. Bowman is acting cautiously considering the ongoing inflationary pressures. She seems ... Read More
Yellen Announces Major $100M Affordable Housing Fund
Category: Economy Total Views: 259By : Editor Updated: 06-24-2024
Treasury Secretary Yellen Unveils $100 Million Affordable Housing Fund
Janet Yellen, the secretary of the Treasury, disclosed a $100 million fund set aside for affordable housing. With this project, the growing expenses of housing that many Americans are facing will be addressed. Yellen underlined the need of having reasonably priced housing for preserving economic growth. The money will be distributed during the next three years. It is a component of a national housing developmen... Read More
Treasury Yields Remain Steady as Inflation Data Looms
Category: Economy Total Views: 169By : Editor Updated: 06-24-2024
Treasury Yields Steady Ahead of Key Inflation Data
Treasury rates are not changing much while the market waits for important inflation figures. Investor caution is high in the last week of June. They are delaying significant actions until the report on Friday. Slightly higher is the yield on the 10-year Treasury. Similar little gains are seen in the two-year yield. The stability suggests a waiting game. The participants in the market are seeking for clarity on inflation patterns. ... Read More
Trump Previews Debate Strategy Against Biden’s Economy
Category: Economy Total Views: 227By : Editor Updated: 06-23-2024
Trump Previews Debate Strategy Against Biden’s Economy
The first 2024 Presidential debate between Biden and Trump is scheduled for June 27, 2024. In a recent speech, former president Donald Trump sketched out his debate plan against President Joe Biden's economic policies. Trump attacked Biden's economic policies while he was speaking at the Faith and Freedom Coalition conference. He brought out matters like federal spending and inflation. Trump gave a preview o... Read More
Gasoline Demand Surges to Post-Pandemic Highs in the U.S.
Category: Economy Total Views: 106By : Editor Updated: 06-22-2024
U.S. Crude Oil Achieves Second Consecutive Weekly Gain
Prices of U.S. crude oil increased for the second week in a row. Growing demand for gasoline is the reason behind this increase. Even if prices slightly fell on Friday, the gains still stand. Friday saw a 56 cent drop in oil prices per barrel. All told, though, the weekly increase was almost 2.9%. The oil market is showing a good trend with this rise. The progressive increase points to a strong need for crude oil.
G... Read More