Tag #Federal Reserve

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Inflation Surge Impacts Credit Card Rates

Rising inflation, hitting 2.7% annually in June, is driven by increased food prices (eggs up 27%), impacting the Federal Reserve's interest rate decisions and subsequently raising credit card interest rates, currently averaging over 21%.

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40% Bias Score

No Poverty
elpais.com
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Search for Powell's Replacement Begins Amidst Trump's Criticism

U.S. Treasury Secretary Scott Bessent confirmed the search for a successor to Federal Reserve Chairman Jerome Powell, whose term expires in May 2024, amid President Trump's criticism of Powell's interest rate policies and a $700 million cost overrun in Fed headquarters renovations.

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Reduced Inequality
cnn.com
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Trump Threatens to Fire Fed Chair Powell Over $2.5 Billion Renovation

President Trump threatened to fire Federal Reserve Chair Jerome Powell over a $2.5 billion renovation project at the Fed's headquarters, escalating his long-standing criticism of Powell's monetary policies; the renovation, approved in 2017, faced cost overruns due to unforeseen conditions, raising c...

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56% Bias Score

Reduced Inequality
theglobeandmail.com
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Trump Seeks to Fire Fed Chair Powell Over \$2.5 Billion Renovation Project

President Trump is attempting to fire Federal Reserve Chair Jerome Powell over a \$2.5 billion renovation project at the Fed's Washington headquarters, escalating a long-running conflict over interest rates and the Fed's political independence; the project's cost increased due to unexpected asbestos...

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52% Bias Score

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theglobeandmail.com
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Unchanged Producer Prices in June Offer Hope for Fed Rate Cuts

U.S. producer prices held steady in June, defying predictions of a 0.2% increase, as tariff-related rises in goods prices were counteracted by decreased travel service costs; this potentially allows the Federal Reserve to resume interest rate cuts later this year.

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40% Bias Score

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theglobeandmail.com
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June CPI Increase Marks Tariff-Induced Inflation Surge

U.S. consumer prices increased 0.3 percent in June, the largest gain since January, driven by tariffs on imported goods, exceeding economist predictions and prompting the Federal Reserve to remain cautious about interest rate cuts.

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theglobeandmail.com
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Trump's Fed Attacks Fuel Inflation Fears, Market Volatility

President Trump's repeated calls for Federal Reserve Chair Jerome Powell's resignation are causing investors to prepare for higher inflation and increased market volatility, as evidenced by rising 30-year Treasury yields exceeding 5 percent and a three-month high in breakeven inflation indicated by ...

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40% Bias Score

Reduced Inequality
cnnespanol.cnn.com
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Trump Threatens Powell Firing Over Fed Renovation

President Trump threatened to fire Federal Reserve Chairman Jerome Powell over a $2.5 billion renovation project, escalating his campaign for lower interest rates and raising concerns about the Fed's independence; the renovation cost increased due to unforeseen conditions like asbestos and soil cont...

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Peace, Justice, and Strong Institutions
us.cnn.com
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Trump Threatens to Fire Fed Chair Powell Over $2.5 Billion Renovation

President Trump threatened to fire Federal Reserve Chair Jerome Powell over a $2.5 billion renovation at the Fed's headquarters, escalating his months-long campaign for lower interest rates; JPMorgan Chase CEO Jamie Dimon warned against political interference with the Fed.

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smh.com.au
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US Tariffs Fuel Inflation, Despite Official Claims

Despite claims to the contrary, recent US inflation data shows price increases in tariff-sensitive sectors like appliances and toys, contradicting assertions that tariffs haven't increased inflation; the full impact is yet to be seen.

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56% Bias Score

Reduced Inequality
theglobeandmail.com
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Conflicting Economic Signals Intensify Debate on Interest Rate Policy

President Trump's verbal attacks on Federal Reserve Chair Jerome Powell over interest rates have intensified a debate about the appropriate level, with conflicting economic indicators showing some signs of slowing growth alongside continued inflation above the Fed's target.

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44% Bias Score

Decent Work and Economic Growth
aljazeera.com
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Trump's Tariffs Fuel US Inflation Surge

United States inflation rose to 2.7 percent in June, the highest since February, primarily due to President Trump's tariffs increasing prices on imported goods; this poses a political challenge for Trump and complicates the Federal Reserve's interest rate decisions.

Progress

48% Bias Score

Reduced Inequality

Showing 325 to 336 of 918 results