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Breitbart Business Digest: Powell Still Won t Admit Rate Hikes Might Be Coming

Breitbart Business Digest: Powell Still Won t Admit Rate Hikes Might Be Coming
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New yorkUnited statesScott bessentSpencer platt gettyJerome powellFederal reserveLabor departmentKey square groupYork stock exchange onPowell promisesReserve chair jerome powellAmsterdam tuesdayPivot awayNew york stock exchangeGetty imagesCleveland fed

Inflation shrinks buying power as $100 goes a lot less far these days

Inflation shrinks buying power as $100 goes a lot less far these days
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United statesJohn carneyMark zandiKudlow john carneyUniversity of michiganFederal reserveBreitbart business digestDaily mail

Breitbart Business Digest: Corporate Profits Say No to Rate Cuts

Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.

United statesJerome powellFederal reserve bankFederal reserveLabor turnover surveyCorporate americaProfits scream no cutsReserve chairman jerome powellBristol meyers squibMore hiringReserve bank chair jerome powellFederal open markets committeeGetty imagesJob openingsBreitbart business digestInterest rates

Breitbart Business Digest: The Jobs Report Was Not as Weak as It Looked

Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.

United statesNew york stock exchangeNew yorkSpencer platt gettyRobert gauthier los angelesOlu sonolaLabor departmentYork stock exchangeJob growth slowedMore thanNews is goodGetty imagesHospitality hiring goesRaising caneLos angeles timesFitch rating

Breitbart Business Digest: The Fed Finally Realized Progress on Inflation Has Stalled

The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.

United statesNew yorkPaul krugmanJerome powellCommerce department bureau of economic analysisMarket committeeFederal reserveNew york timesInflation also risesFederal reserve chairman jerome powellFalse dawnCommerce departmentEconomic analysisWall streetWill it takeVictory over inflation