Fed Eases Grip: Cuts Rates by a Quarter Point, Citing Growth Concerns The Federal Reserve today announced a cut to its benchmark interest rate by a quarter of a percentage point, bringing the target range to 3.75% - 4%. This marks the third consecutive cut this year and comes amidst growing...
Bessent Remains Unfazed: "Not Concerned" About Recent Inflation Increase In the face of growing anxieties surrounding the recent surge in inflation figures, leading economist and financial strategist, Alistair Bessent, has remained surprisingly calm. In a recent interview, Bessent stated...
Powell Faces New Headwinds: CPI Reaction Adds Complexity to Rate Cut Projections Federal Reserve Chair Jerome Powell faces a tricky landscape as the central bank navigates the path towards potential interest rate cuts. Wednesday's Consumer Price Index (CPI) report, a key indicator of...
Govt Considers Lowering Retirement Age to 55: A Move with Potential Ripples The Pakistani government is reportedly considering a significant policy shift: lowering the mandatory retirement age for government employees from 60 to 55. This potential change, as reported by Geo News and other...
Michael Milken and the Fed: A Tangled Tale of Junk Bonds, Economic Influence, and #Shorts Michael Milken, a name synonymous with the "junk bond" boom of the 1980s, remains a figure of both fascination and controversy. His influence on the financial landscape is undeniable, but his story is...
