Trump pressures Fed chief on rate cuts while inflation concerns persist from tariffs
The Federal Reserve is expected to cut interest rates at its September 16-17 meeting. CME FedWatch projects an 85% probability of a 25 basis point rate cut. President Trump has pressured Mr. Powell to lower rates, but the Fed has resisted due to inflation concerns stemming from the administration’s aggressive tariff policies.
Jerome H. Powell, the chair of the Federal Reserve, is on the cusp of taking a big gamble with the U.S. economy. The Fed's goals of low, stable inflation and high employment are in tension with each other. Mr. Powell will make his final address as Fed chair to the world’s leading economic policymakers at the foothills of the Teton …
Steak flation in America: Why beef is "pig tax"
Cattle from Mexico may no longer be exported to the USA. There are fewer cattle in America's pastures because ranchers let the herds shrink. There is also a parasite from Mexico that may be a problem for the export of beef from Mexico to the United States.
Mexican drug cartels are increasingly targeting children through social media platforms to sell dangerous and often deadly drugs. DEA Information Officer Emily Murray says the cartels are turning to social media. Parents should talk to their children about the dangers of drugs and warn them of the deadly nature of the drugs.
Beef prices are soaring. Meat lovers aren’t deterred — yet.
Red meat prices are skyrocketing in the United States. Beef and veal prices surged 11.3 percent in July over the year. A drought has ravaged cattle in key meat-producing states since 2022, causing cattle volumes to collapse this year to their lowest recorded levels since 1951. The Trump administration's tariffs are hitting major beef suppliers such as Brazil.
Swiss watch exports rose 6.9 percent year-on-year in July. Exports to the U.S. rose 45 percent to 55.9 million Swiss francs. The top six destinations for Swiss timepieces account for nearly 56 percent of the global market.
Nicolás Grau: "It is not satisfactory for Chile to have 8.9% unemployment"
The Chilean economy has been growing around 2% and the central bank projects it will continue until 2033. Unemployment is located at 8.9%, according to the last Cadem, 75% of the employment situation is bad or very bad. Minister of Economy, Development and Tourism, Nicolás Grau, highlights the national lithium strategy as one of the most relevant achievements in its …
Donald Trump lashed out at the Smithsonian Institution over what he called an excessive focus on slavery. Trump suggested he would pressure the institution to accept his demands just like he did with colleges and universities by threatening to cut federal funding. The White House said last week it would lead an internal review of some Smithsonian museums after Trump …
Moore: ‘Drill, baby, drill’ is working for America
U.S. gets 80% of its energy from fossil fuels. Under Donald Trump, the ratio is rising, not falling, thanks to fracking and horizontal drilling. Even under Joe Biden, oil and gas production hit new highs, but that was mostly due to the sharp rise in oil prices when Biden became president. Trump reversed the Keystone XL pipeline order on the …