At the start of the year, investors expected the Federal Reserve to cut the federal funds rate from a 23-year high at least six or seven times. By March, Treasury futures had downgraded their expectations of rate cuts to just three times throughout 2024, as the central bank had predicted at the end of last […]

The March consumer price inflation report was released on Wednesday by the Bureau of Labor Statistics. The report displayed higher-than-expected inflation readings for both headline and core inflation. The headline monthly increase in inflation was 0.4%, and the core reading, which strips out food and energy, was also 0.4%. With the new information, consumer price inflation is running […]

The hosts of ABC’s “The View” slammed a recent ruling on abortion law by the Arizona Supreme Court on their Wednesday show. “What’s the next thing?” co-host Whoopi Goldberg questioned in reaction to the Tuesday ruling by the Grand Canyon State’s highest court. “‘Cause you know, on this, with all of this comes birth control....

Inflation ticked higher once again in March, with consumer prices up 0.4 percent over the previous month and 3.5 percent compared to one year earlier. The latest data marks the third month in a row that the consumer price index (CPI), a closely watched gauge of inflation, has come in hotter than expected, likely throwing...

Rep. Jared Moskowitz (D-Fla.) fired back at former President Trump over his latest remarks about Jewish Democrats Wednesday. Trump said any Jewish person who votes for Democrats or President Biden “should have their head examined” in remarks to reporters after landing in Georgia for a fundraiser. Moskowitz pushed back on the remark and referenced...

President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could give the president a boost ahead of November's election while he campaigns on his work...

A group of House Republicans on Wednesday tanked a procedural vote to begin debate on a bill to reauthorize the nation’s warrantless surveillance powers, leaving the chamber scrambling on how to address the important spy tool before it expires next week. Nineteen Republicans joined Democrats in voting against a rule for legislation to renew Section...

Mortgage rates jumped to their highest reading since November as the timeline for highly anticipated interest rate cuts stretches deeper into 2024. The average 30-year fixed mortgage rate hit 7.29 percent Wednesday, the highest reading since November, according to Mortgage News Daily. The spike followed the release of new consumer price index inflation data for...

President Biden encouraged residents of Arizona to vote for his reelection Wednesday in response to a state Supreme Court ruling that upheld an 1864 law and made performing abortion a felony.  Biden at a press conference with the Japanese prime minister was asked what he would say to the people of Arizona in the aftermath of the...

A Wednesday House hearing examining the botched rollout of new Free Application for Federal Student Aid (FAFSA) forms offered the Department of Education an earful as witnesses and lawmakers from both parties lamented on the “crisis of credibility” the department is facing over the process. The hearing dug into the months of delays the...