Break Glass in Case of Oil Price Shock
6 Articles
6 Articles
Break glass in case of oil price shock
The Fed kept interest rates as-is today, and Chair Powell said policymakers are “well-positioned to wait” before making another move. But what if oil price shock, propelled by roiling conflict in the Middle East, forces his hand? In this episode, we break open the Fed oil crisis playbook — but we hope Powell won’t need it. Plus, projections show the GOP tax bill will cost more than it makes, AI productivity won't boost humans equally and port lo…
Fed Chair Jerome Powell: Again Refuses To Cut Rates, Ignores President Trump
The head of the central bank, the Federal Reserve, is keeping interest rates at 4.25% to 4.5% This is to the shock of many. But seeing as Jerome Powell is anti-Trump, a lot of us had a feeling that the Federal Reserve Chair would pull something like this. The head of the central bank fighting... The post Fed Chair Jerome Powell: Again Refuses To Cut Rates, Ignores President Trump appeared first on Daily Truth Report • DailyTruthReport.com.
The Federal Reserve (Fed) keeps its key interest rate within the range of 4.25%-4.5%, where it has been since December, but Powell leaves the door open for future cuts.
The US central bank left interest rates unchanged at its policy meeting today, but the updated outlook does not give much reason for optimism. The trade war and high uncertainty mean the Fed is expecting lower growth and higher inflation. This clearly shows that the US economy is currently moving towards stagflation.
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