Elektrine
Log in Register

#fed

5 posts · Last used 2d

Back to Timeline
@TheBadPlace@mastodon.ozioso.online · 2d ago
Home - CBSNews.com | The Iran war's economic hit could linger through 2026, economists say AI generated summary, Read the full article for complete information. In the eight weeks since the Iran war began, the conflict has pushed U.S. gasoline prices above $4 a gallon, driven Brent crude up 44% to $105 a barrel, and lifted inflation to its highest level in nearly two years, prompting economists to warn of lingering economic damage. Disruption of oil flow through the Strait of Hormuz has raised energy costs, which are expected to stay above pre‑war levels throughout 2026, dampening consumer purchasing power, inflating grocery and travel expenses, and potentially trimming U.S. GDP growth by about 0.3 percentage points this year. While higher‑income households have kept spending resilient, broader economic headwinds—rising energy prices, AI‑related job cuts, and ongoing tariff uncertainty—are likely to keep inflation elevated and strain the broader economy for months to come. Read more: https://www.cbsnews.com/news/iran-war-economic-impact-gas-prices-inflation-2026/ #MarkZandi #Moody'sAnalytics #Fed #Trumpadministration #Iran AI generated summary, Read the full article for complete information.
0
0
0
@Nonilex@masto.ai · Apr 15, 2026
In Trump tantrum of the hour news… #Trump Threatens to Fire Powell if He Does Not Resign From #Fed Although #JeromePowell’s term as the #FederalReserve chair officially ends on May 15, he can stay on as a governor until 2028 & said he would not leave until a criminal investigation was over. #law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism #USpol https://www.nytimes.com/2026/04/15/business/trump-powell-fed-fire.html?smid=nytcore-ios-share
7
0
14
@Nonilex@masto.ai · Jan 28, 2026
Meanwhile, #inflation "remains somewhat elevated," the #CentralBank said, while the job market has "shown some signs of stabilization." Though the #Fed noted that "job gains have remained low," it also removed language from its prior statement saying that downside risks to employment had risen - an indication policymakers as a group are becoming less worried about a rapid downturn in the labor market. #US #FederalReserve #FOMC #JeromePowell #Trump #InterestRates #economy
6
3
4
@Nonilex@masto.ai · Jan 28, 2026
The #US #FederalReserve has held #InterestRates steady. It cited still-elevated #inflation alongside solid economic growth, & it gave little indication in its latest policy statement of when borrowing costs might fall again. "Economic activity has been expanding at a solid pace," #Fed policymakers said in the statement after voting 10-2 to hold the US #CentralBank's benchmark interest rate in the 3.50%-3.75% range following a two-day meeting. #FOMC #JeromePowell #Trump #economy
7
2
5
@cdarwin__dup_12336@c.im · Jan 13, 2026
Trump can only afford to lose the support of four Republican senators in a vote for a new #Fed chair -- which means #Tillis and #Murkowski’s vows not to support any nominee until the case against Powell is resolved carry significant weight. A bipartisan group of economists who have served under US presidents dating back to Ronald Reagan —including former Federal Reserve Chairs Alan #Greenspan, Ben #Bernanke, and Janet #Yellin —released a joint statement on Monday denouncing what they described as an effort to strong-arm the Federal Reserve into doing the president’s bidding. https://www.commondreams.org/news/jerome-powell-investigation-backlash
0
0
0

You've seen all posts