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FBC Making Money With Charles Payne July 14, 2024

As appropriate to sustain the expansion of the fed sees longer run federal funds rate dropping from 2. 8 to 2. 5 . On inflation the fed closely monitoring inflation at it point. The forecast is for headline inflation to fall 1. 5 this year. The fed sees core inflation slipping to 1. 8 . Then in 2021 the fed sees a reversal, inflation rising back to 2 . On gdp the fed forecast as 2. 1 in 2019. The fed lowered outlook for unemployment this year to 3. 6 . The fed sees the labor market as strong right now but they say the rising economy at a moderate rate. Now the data shows that Consumer Spending picked up but Business Investment softened. Fed sees uncertain forecast of economy, jobs, ininflation. Very interesting statement but no rate cut today. Looking at one fed president or one fed vote away from a rate cut this year. Two fed votes away from two rate cuts this year. ....

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DeWine re-appoints former utility lawyer as utility regulator

Gov. Mike DeWine named attorney and incumbent utility regulator Dan Conway to renew his five-year term on the Public Utilities Commission of Ohio. The selection of Conway from a shortlist curated by the PUCO’s nominating council undercuts DeWine’s pledge in January that he wouldn’t appoint anyone to serve as regulator with ties to the energy […] ....

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FirstEnergy collected $460M from customers; spent on bribes?

There’s no clear evidence to show the $460 million FirstEnergy Corp. charged its customers went to its stated purpose of modernizing the electric grid. ....

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