US Fed’s Powell cites slowing job market in signal rate cuts may be coming | Inflation News
The United States Federal Reserve faces a cooling job market as well as persistently high prices, Chairman Jerome Powell has said in testimony to the…
Fed’s Powell Testifies as Inflation, Hiring Cool
Breadcrumb Trail LinksPMN BusinessJerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position…
Feds now involved as Graceland fraud case takes another turn
The bizarre fraud case investigating an attempt to sell Elvis Presley’s historic Graceland mansion is being kicked up the chain to federal law enforcement. The…
Feds offer $5M reward for ‘Cryptoqueen’ info
The U.S. State Department on Wednesday announced a $5 million reward for information leading to the arrest or conviction of alleged cryptocurrency fraudster Ruja Ignatova.…
Fed’s Key Inflation Gauges May Offer Path to Rate Cuts: Eco Week
Breadcrumb Trail LinksPMN BusinessThe Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone…
Fed’s Favorite Underlying Inflation Gauge Is Seen Cooling
Breadcrumb Trail LinksPMN BusinessThe Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about…
Feds collected DNA from 1.5 million migrants, report finds
WASHINGTON — Routine collection of immigrants’ DNA by federal authorities has ballooned since 2020, with a 50-fold spike in the number of samples held in a…
Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials are about get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone…
Feds accuse Florida man of interstate sex trafficking, coercing a minor
Federal prosecutors say a Florida man assaulted victims and forced them to work as prostitutes in New York and other states. He was indicted on…
News publishers’ alliance calls on feds to investigate Google
The News/Media Alliance, a journalism trade organization and advocacy group, on Tuesday asked federal government officials to investigate Google after the tech giant said it…
Diddy’s ex claims feds ‘terrorized… innocent young Black men’ in raid
The mother of Justin Dior Combs, the son of embattled mogul Sean “Diddy” Combs, has accused federal agents who raided Combs’ Holmby Hills mansion on…
Feds want Sean ‘Diddy’ Combs’ records in sex-trafficking probe
Federal investigators are seeking telecommunications records involving Sean “Diddy” Combs as part of an investigation into alleged sex trafficking, a source close to the investigation…
Fed’s Preferred Inflation Metric Cools While Spending Rebounds
Breadcrumb Trail LinksPMN BusinessThe Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded.Author of the article:Bloomberg News Augusta SaraivaPublished Mar…
Feds raid Sean Combs’ homes in sex-trafficking case, sources say
Homeland Security agents conducted searches of Holmby Hills and Miami mansions owned by Sean “Diddy” Combs on Monday as part of a federal inquiry into…
Feds won’t reimburse California $300 million for homeless housing amid COVID. Congress wants answers
WASHINGTON — California cities and counties might be on the hook for more than $300 million they spent placing thousands of homeless residents in hotels in…
Fed’s Powell to Double Down on ‘No Rush to Cut’ Message
Breadcrumb Trail LinksPMN BusinessFederal Reserve Chair Jerome Powell is expected to double down on his message that there’s no rush to cut interest rates, especially…
Opinion: Rein in warrantless spying — before the feds start surveilling Gaza protesters
In the United States, a political leader’s disagreement with the views of a protest movement does not give the government license to investigate those protesters.…
Fed’s Powell: ‘Urgent’ for US to focus on debt sustainability
Powell’s comments, punctuated by caveats that the Fed shouldn’t be telling Congress what to do (“It’s not our business”), come as lawmakers wrangle over the…
Feds investigating possible fraud in partial closure of Rhode Island bridge
The recent and unexpected closure of westbound lanes on the Washington Bridge connecting East Providence and Providence, R.I., has triggered a federal investigation into possible…