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The U.S. Federal Reserve just pulled off something stealthy — over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys. That’s $8.8 billion in long-dated 30-year bonds on May 8 alone, plus another $34.8 billion earlier in the week. Not exactly small change. Quietly returning to the quantitative-easing trough isn’t standard Fed housekeeping — it’s like a bank robber returning to the scene because he forgot his car keys.

President Donald Trump on Saturday warned Walmart not to raise prices, two days after the retailer said price hikes were possible. "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain," Trump wrote on Truth Social on Saturday. "Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!" On Thursday, Walmart CEO Doug McMillon said it would do its best to keep prices down, but with the...

The U.S. Federal Reserve just pulled off something stealthy — over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys. That’s $8.8 billion in long-dated 30-year bonds on May 8 alone, plus another $34.8 billion earlier in the week. Not exactly small change. Quietly returning to the quantitative-easing trough isn’t standard Fed housekeeping — it’s like a bank robber returning to the scene because he forgot his car keys. Let’s talk straight: This isn’t tightening. It’s stealth easing. It’s monetary policy on tiptoes. Some traders have begun to notice, and smart investors should too....

Has anyone noticed that, since I said “I HATE TAYLOR SWIFT,” she’s no longer “HOT?”

I have been saying this for a while now, but I think the Federal Reserve is fighting a mythical “boogeyman” that doesn’t exist. According to Fed Chairman Jerome Powell, the Fed wants “greater confidence” that inflation is cooling. And not just in headline numbers, but in core services and housing, where inflation has remained stubbornly sticky. So, the Fed’s decision to hold key interest rates steady last week was no surprise. And it wasn’t a shock either to learn that they are still in “wait-and-see” mode. But as I mentioned in a Market 360 article last week, I think they’re...

@tomselliott Sen. @RandPaulon @SpeakerJohnson's "obscene" spending bill: "No conservative should support raising the debt ceiling $5 trillion. So, that alone is enough for me not to support the bill, even though I support large segments of the bill."

CNN dismissed President Donald Trump’s claims about falling grocery prices just weeks before government data confirmed the sharpest monthly decline in food-at-home costs in nearly five years. The latest Consumer Price Index (CPI) showed the food-at-home index dipping 0.4% in April — the steepest drop since September 2020 — with egg prices alone falling 12.7%, the biggest one-month plunge since 1984. Those numbers landed Tuesday, the same day CNN Business conceded the president’s previous claims about egg prices are “true now.”

Talk about having egg on your face. In an article published Tuesday on their website, CNN decided to make a badly-cooked omelette out of itself by admitting President Donald Trump was actually on to something about falling egg prices, but still attempted to say he was still peddling “fiction.” CNN Business Executive Editor David Goldman just couldn't bring himself to fully admit that Trump was right and wrote an oxymoronic headline that reeked of contradiction, “Trump’s egg price fiction has suddenly become reality.” Yeah, we couldn’t make sense of that logic either.

Millions of New Yorkers will start receiving their so-called “inflation refund checks” in the fall, Gov. Kathy Hochul said Wednesday. Roughly 8.2 million households are slated to qualify for the relief payments as part of the state’s $254 billion budget plan. The direct payments of up to $400 will start going out to 8.2 million eligible tax filers starting in October and will continue through November. “Starting in October, over 8 million New Yorkers will get an inflation refund because it’s simple — this is your money and we’re putting it back in your pockets,” Hochul said in a statement.

VIDEOAh! What a difference a mere week makes. A week ago, much of the media was eagerly anticipating a SURGE in inflation due to President Trump's tariffs. They repeatedly cited "experts" proclaiming the inevitability of such a rise in inflation with NO alternative scenario possible. Unfortunately for them, reality did not cooperate with liberal fantasy yet again.

Prices climbed at an unexpectedly slow pace last month, offering a boost to President Donald Trump, whose aggressive trade policies have sparked fears of a resurgence in inflation. The Labor Department on Tuesday reported that prices rose at an annual rate of 2.3 percent, the smallest increase since early 2021. While price growth in so-called core sectors of the economy — which exclude volatile food and energy costs — remained elevated at 2.8 percent, April’s Consumer Price Index contained only scant evidence that Trump’s tariffs have meaningfully driven up the cost of living. There was broad anticipation that Trump’s levies...

Inflation unexpectedly slowed in April to 2.3% over the year, progressing toward the Federal Reserve's 2% target and the smallest increase since February 2021

Is Saudi Crown Prince Mohammed bin Salman trying to sabotage Joe Biden’s reelection bid? It’s quite possible. The Saudi leader, known as MBS, has made clear his disdain for President Biden, and his fury over insults lobbed at him by this White House. He is a powerful force behind the current surge in oil prices, which could — if sustained — contribute to Biden’s defeat. Oil prices are soaring — up 19 percent since the start of the year. Since they lag behind crude oil, gasoline prices have only jumped 14 percent so far. But, unless oil markets take a...

A report from the Federal Reserve Bank of New York shows that American households are not bracing for a surge in inflation—instead, they’re growing more concerned about income, employment, and their financial outlook. The findings may bolster calls from President Trump and others for the Fed to begin cutting interest rates. According to the New York Fed’s April Survey of Consumer Expectations, short-term inflation expectations remained steady at 3.6 percent, while five-year expectations edged down to 2.7 percent. Although medium-term inflation expectations ticked up slightly to 3.2 percent—the highest since mid-2022—the overall picture does not reflect widespread inflation anxiety. What...

The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will unleash fresh inflationary pressures while also hurting growth, a tricky combination that could lead to painful trade-offs for the central bank. A decision to stand pat would keep interest rates at 4.25 percent to 4.5 percent, a level reached in December after a series of cuts in the second half of 2024. Fed officials are in wait-and-see mode for now. They are closely tracking the incoming data for signs that consumer prices are rising again after a multiyear...

Buffett had largely avoided commenting on politics during the afternoon part of the annual meetings Q&A and seemed reluctant to directly address a question on what he thought about Tesla CEO Elon Musk’s efforts to cut government spending through the Department of Government Efficiency, or DOGE. What Buffett did say was Congress isn’t doing its job to reduce the fiscal deficit. “We are doing something that is unsustainable,” he said. Buffett said the gap between revenue and spending was about twice as large as what can be maintained and that the more the gap widens, the more risk of it...

House Republicans are planning to include several of President Trump’s campaign promises in the first draft of the bill, which they hope to release soon.It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and again in remarks to reporters, Mr. Trump suggested the United States could stop taxing income under $200,000 and instead rely on revenue from his extensive tariffs. “It’ll take a little while before we do that, but we’re going to be cutting taxes, and it’s possible we’ll do a complete tax cut,”...

Inflation fell to zero in March, a welcome reprieve after persistent inflation under President Biden and the best reading in nearly five years, even as consumer spending accelerated sharply and incomes rose solidly — a powerful signal of economic improvement at the start of the Trump administration. The Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, was flat in March, according to data released Wednesday by the Bureau of Economic Analysis. Core PCE — which strips out food and energy — was also unchanged, marking the tamest monthly inflation reading since early 2020. Compared with a...

according to Bloomberg News. Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price. For home and kitchen products and toys, the average jump was more than 30%, led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%. E-commerce shopping platforms like...

To hear the Democrats say it, the country is in chaos, the economy is collapsing, and it’s all Trump’s fault. But nothing could be further from the truth. In fact, the Trump administration marked its first 100 days with impressive economic achievements, as Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent detailed in Tuesday's briefing. Leavitt revealed strong job growth numbers, announcing, "345,000 jobs have already been added since the start of President Trump's term. Last month's jobs report saw nearly 100,000 more jobs than economists predicted." "It was the fourth highest month for private payroll growth in the...