We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
Category: Inflation (Economics)
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Wall Street Loved Scott Bessent and Kevin Warsh. Not Anymore.
The New York Times – On the Runway: -
California Lawmakers Pass Plug-In Solar Bill
The New York Times – Business:Legislatures in nearly a dozen states have voted to legalize use of the technology, which can help homeowners reduce their rising electricity costs.
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PCE Index Shows Inflation Remained Elevated in July Amid High Energy Costs
The New York Times – Business:The Personal Consumption Expenditure index, the Federal Reserve’s preferred inflation tracker, held steady in July.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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‘Honeymoon’s Over’: Warsh Under Pressure as Fed Weighs Raising Rates
The New York Times – Business:Kevin M. Warsh is scheduled to deliver his first address at the Federal Reserve’s annual conference in Jackson, Wyo., with U.S. government bond markets on edge and inflation risks resurfacing.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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What’s Behind the U.S. Treasury’s Latest Attempt to Lower Interest Rates
The New York Times – Business:The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
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Canada Is Retaliating Against Trump’s Tariffs. Will Others Follow?
The New York Times – Business:Prime Minister Mark Carney’s decision to retaliate against U.S. tariffs has drawn praise from China, and exposed a rift in the Trump administration.
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The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.
The New York Times – Business:After roughly two decades of ultralow interest rates, a period of rapid readjustment is ahead for the United States, the world’s largest economy and most important financial system.
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Should You Invest in Bonds Right Now?
The New York Times – Business:High-quality bonds are still safer than stocks, but they have been swinging in value, so move cautiously, our columnist says.
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Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets
The New York Times – Business:Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy.
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Did Bessent Put the Fed in a Bind?
The New York Times – Business:The Treasury Department’s plan for bond interventions have calmed markets. But Wall Street is worried about the fallout for inflation and more.