The U.S. Bureau of Engraving and Printing manufactures U.S. currency at plants in Washington D.C. and Fort Worth, Texas, but the amount they print is up to the Fed. https://t.co/BkJziY72Zg ...

boosting the richest by $12,000 a year. Joining us right now is Phil Swagel. He's the director of the Congressional Budget Office.And Phil, let's talk through some of the criticism you've received. Russ Vought said on X that this bill reduces deficits by $1.4% trillion. When you adjust for the CBO's one big gimmick, not using a realistic current policy baseline.Caroline Leavitt said that the CBO assumes long term GDP growth of an anemic 1.8%. And that's absurd. And then you had President Trump himself sayin ...

[Music] The May consumer price index data showed a modest increase in inflation with CPI rising 0.1% month overmonth below the expected 0.2% with year-over-year headline inflation measured 2.4%. This reading has shifted some of the sentiment regarding interest rates after last week's stronger than expected labor data. The CME Fed Watch tool has increased the probability of a September rate cut from 6040 to 7030 after the release of the CPI data.The May CPI data suggests a cooling but stable inflation enviro ...

And let's bring in Torston Slock. He is partner and chief economist at Apollo. And Torstston, don't worry.We're not going to ask you to pine on any of the geopolitical stuff. You your job as an economist is to factor in all the costs that we see and establish a conclusion. Here's the reality about the price of oil. We we think about the price of oil when it comes to gasoline.And that's true. About half of a barrel of oil goes into gasoline. But oil goes into a lot of things.Plastics, natural gas, by the way ...

Closer look at the markets here and reaction to the geopolitical news overnight. S&P's down 610 of 1%. Scott Croner joins us, Cityroup US equity strategist.He's here at Post 9. He raised his year-end S&P target to 6,300 this week from 5800. So kind of catching up with the market here, I guess, as we continue to make new highs, although a step back today.Does this how do you think that what happened overnight impacts the US equity market if at all. Yeah, Sarah. So, I I the way we've been talking about it is ...

I would definitely be betting on uh substantially lower front-end rates. We'll have a we'll have a new Fed chair within six months at that point in time. And I think Trump's going to pick someone who's going to be uh uber doubbish.Bloomberg News has reported in the past 24 hours that Scott Besson has emerged as a pick. Kevin Worsh is under consideration. I mean, if you had your pick, who do you think is best suited for the chair.Those are two great names. Those are two fabulous names. Um, again, if I was pr ...

Vice President JD Vance attacks the Federal Reserve. Here's why: https://t.co/vqO6Z6VDCr https://t.co/fq6fGeh7Gg ...

[Music] With the big monthly CPI print on Wednesdays, investors are going to be laser focused on any clues as to tariff related inflation. But stepping back, what is the biggest driver of moves in stocks and bonds. Jobs, CPI, or the Fed itself.Today, we're going to check the scoreboard. I'm Jared Blicker, host of Stocks in Translation. We're going to show two charts with each of the three big market movers going back to the start of the October 22 bull market.And we start with the S&P 500, America's benchma ...

Prepare for the back half of 2025 during our annual midyear outlook conversation with Fidelity leaders. How can investors help protect their money? Are there opportunities in this climate? Where are the greatest risks? Our team is breaking it down for investors. Topics covered: • Stock & bond markets • Potential risks and opportunities • Trump administration policies: tariffs, taxes & deregulation • Federal Reserve & interest rates • Tech stocks, gold, & Bitcoin 00:00 Introduction 2:43: Where does the econo ...