Let us start with the good news because there isn t much of it. The PCE index rose by 5% from the year before, slightly below expectations. Core PCE, the Fed s preferred inflation measure which excludes the volatile categories of food and energy, rose by 4.6%, a tick below January s acceleration to 4.7%.
Despite inflation initially falling from the near double digits last June through the end of the year, inflation is three times higher than what the Federal Reserve considers acceptable, and it is evidently rising. Between the Fed s preferred inflation measure skyrocketing last month and the persistently overheated job market, Chair of the Federal Reserve of the United States Jerome Powell has made clear that not only will the central bank not slash interest rates any time soon, but they also have a ways to go with hiking rates.
Former Maryland Republican Gov. Larry Hogan accused Gov. Ron DeSantis’ education ideas of being “big government and authoritarian” against right-wing ideals.
One need not pretend Jimmy Carter was a good president overall in order to appreciate several beneficial things he did within office and without. As Carter prepares to enter eternity, one such thing deserves more attention than it will get.
The Washington Examiner s Tiana Lowe warned of the looming solvency crisis in the United States while discussing French President Emmanuel Macron s attempt to raise the retirement age in France, which has been met with fierce protests.