The yen struck a record low against the offshore yuan this week, raising concerns about imported inflation in Japan where the central bank’s policy normalization remains gradual https://t.co/r9pbWs0vb5 ...

We are following breaking news this evening that the US has seized an oil tanker off the coast of Venezuela. President Trump announced the seizure only days after telling Politico that Venezuelan President Maduro's quote, >> "What happens to the oil on this ship?" >> Well, we keep it, I guess. >> What is it. What is it.>> Well, you have to follow the tanker. >> Meanwhile, here at home, Trump is struggling to control a growing affordability. Some call it crisis.Others just say a whole lot of issues. Accordin ...

Uh thank you uh Mr. . Chairman for taking our questions here. Um the uh you had previously described rate cuts in terms of a riskmanagement framework and kind of following up on what Howard was asking um is the riskmanagement phase of rate cuts over here and uh um have you taken out sufficient uh insurance I guess against potential weakness in terms of the data we might get next week when it comes to employment.So we're going to get a great deal of data between now and the and the January meeting and I'm su ...

RT Watcher.Guru (@WatcherGuru)JUST IN: 🇺🇸 Fed Chair Jerome Powell says "we will deliver 2% inflation.""It is really tariffs that is causing most of the inflation overshoot." https://t.co/qiE5FaGkYb ...

RT Bloomberg Opinion (@opinion)@Claudia_Sahm @AllisonSchrager “This Fed has agreed that their target is 2% inflation — so if you sit down as a Fed official and you don’t end up with 2% inflation, why didn’t you … [make] adjustments to your appropriate policy?” @Claudia_Sahm says.Tune in: https://t.co/UP7Z2yblcu ...

Economic Narrative & Political Strategy - The Trump administration aimed to reclaim the narrative of Republicans as the party of affordability, using cherry-picked prices and anecdotal stories [2][3] - Trump's messaging was inconsistent, sometimes contradicting the affordability message with warnings of economic hardship [3][4][5] - Trump's policies and statements have faced criticism, with some voters expressing concern over international involvement and the rising cost of living [7][15] - The White House strategy involves setting up economic policies to be implemented after the midterms, but specific policies were not detailed in the speech [26][27] Economic Indicators & Reality - The administration claims of "crushing" inflation and rising real wages are contested, with inflation still around 3% and wage growth potentially lagging behind depending on the data used [8][9][10][11][12][13][14] - While inflation has decreased from 2022 levels, it remains a concern as it builds upon previous price increases [11][12] - Real wages are reported to be up 1% on the year, but this may not be enough to offset the effects of inflation [9][14] Political Implications & Future Outlook - The economy is a significant political problem for the president, as voters are feeling the effects of rising costs [15][16][17] - Republican candidates are experiencing nervousness, with recent election results showing Democratic gains attributed to affordability concerns [19][20][21] - The Federal Reserve is expected to cut rates, but there is internal division regarding the appropriate course of action due to concerns about inflation and data reliability [27][28][29] - Potential candidates for Fed Chair, like Kevin Hasset, may face pressure to align with the administration's desire for lower interest rates [30][31][32][33]

Watch live coverage as the Federal Reserve announces its final monetary policy decision of the year. Investors expect the Fed to deliver its third straight interest rate cut , while simultaneously firing a warning shot about what’s ahead. The rate-setting FOMC is split between members who favor cuts to head off further weakness in the labor market and those who think easing has gone far enough and threatens to aggravate inflation. In addition to the rate decision and the statement, investors will be watchin ...

And President Trump last night delivered what was supposed to be his first speech, addressing the issue of affordability, but he mocked it and told the crowd that Americans were doing better than ever. >> They gave you the highest inflation in history, and we're giving you we're bringing those prices down rapidly. Lower prices, bigger paychecks. You're getting lower prices, bigger paychecks. We're getting uh inflation.We're crushing it. and you're getting much higher wages. I mean, the only thing that you t ...

Um, we're bringing bring in a a guest here that I think has been listening to everything. Dana Peterson is the conference board's uh chief economist. Where do you come down on I don't know.Pick pick your poison uh Dana on on those two gentlemen. They agree on some things, but not on everything. >> Well, I think it's a little bit of everything in terms of the outlook for the economy and concerns about Fed independence and interest rates.Um but you know just talking about today I think the Fed will just go ah ...

And Hasset was on earlier this week, Kevin, >> he understands all this >> and he said we're going to wage increases since in and I think he was implying since inflation never goes negative. So we're locked in. Those Biden increases of 22%.Those are those are locked in. Prices are going to stay higher. >> So we need to grow out of it in terms of income levels to feel like you can afford.>> This is why everyone fears inflation because the effects of of a jump in inflation, >> they never go away. >> They never ...