Key Fed inflation measure rose 0.6% in
January, more than expected
Posted By: NorthernDog, 2/25/2023 10:58:12 AM
A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The personal consumption expenditures price index excluding food and energy increased 0.6% for the month, and was up 4.7% from a year ago, the Commerce Department reported Friday. Wall Street had been expecting respective readings of 0.5% and 4.4%. The core PCE gains were 0.4% and 4.6% in December. Including the volatile food and energy components, headline inflation increased 0.6% and 5.4% respectively, compared to 0.2% and 5.3% in December.
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A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The personal consumption expenditures price index excluding food and energy increased 0.6% for the month, and was up 4.7% from a year ago, the Commerce Department reported Friday. Wall Street had been expecting respective readings of 0.5% and 4.4%. The core PCE gains were 0.4% and 4.6% in December. Including the volatile food and energy components, headline inflation increased 0.6% and 5.4% respectively, compared to 0.2% and 5.3% in December.
Illinois Jeep plant idling Tuesday will
cost 1,200 jobs. Some an auto town will
become a ghost town 11 replies
cost 1,200 jobs. Some an auto town will
become a ghost town 11 replies
BELVIDERE, Illinois — When the whistle blows at the Belvidere Assembly Plant on Tuesday, it may signal the end of an era. For nearly six decades, the massive auto plant has been the economic engine of the small river city near Rockford, churning out everything from the Plymouth Fury and the Chrysler New Yorker to the Dodge Dart. (Snip) Sources said Belvidere was lined up to transition to an electric vehicle plant, specifically the new STLA large EV platform for the next generation Charger and Challenger. Instead, Stellantis announced in June the vehicles will be built in Windsor, Ontario, dashing the
PORTLAND, Ore. — Winter storms sowed more chaos across the U.S. on Thursday, shutting down much of Portland with almost a foot of snow and paralyzing travel from parts of the Pacific Coast all the way to the northern Plains. The nearly 11 inches that fell in Portland amounted to the second snowiest day in the city's history. It took drivers by surprise, stalling traffic during the Wednesday evening rush hour and trapping motorists on freeways for hours. Some spent the night in their vehicles or abandoned them altogether as crews struggled to clear roads. Other commuters got off spun-out buses
The Ohio Department of Natural Resources (ODNR) has upped its estimate for the number of animals killed by the derailment of train cars carrying hazardous chemicals in East Palestine, Ohio, to nearly 44,000. The department estimates around 38,222 minnows were killed by the derailment within a 5-mile span, plus around 5,500 other species, including other small fish, amphibians, crayfish and macroinvertebrates, ODNR Director Mary Merks said in a statement. The original estimate was approximately 3,500 dead aquatic species, based on observations from Feb. 6-7, shortly after the Feb. 3 derailment. ODNR’s team responded to the waterways the morning after the
A total ban on animal products could one day be on the cards for Cambridge University's food services following an Extinction Rebellion offshoot campaign. Cafes and canteens at Cambridge University are being pushed towards a '100 per cent plant-based' menu as student union votes were cast to 'initiate talks' for more sustainable options. Yesterday's vote came after lobbying from Cambridge's Plant Based Universities campaign, which is supported by Animal Rebellion, an offshoot of activist group Extinction Rebellion. Its motion - which calls for change in response to the 'climate and biodiversity crises' - was backed by 72 per cent of non-abstaining student
Twitter users piled on President Biden Tuesday after he boasted growing up in a Polish community while visiting the country. Biden met with Polish President Andrzej Duda regarding the ongoing war between Russia and Ukraine entering its second year. While speaking to the media, the president recalled his own connections to Poland, saying that his childhood home was a Polish community. "I was, as a young man, I was born in a coal town of Scranton, Pennsylvania, northeastern Pennsylvania, in an Irish Catholic neighborhood. Then when coal died, we moved down to Delaware, to a town called Claymont, Delaware, which
Ukraine's insistence on reasserting control over the annexed Crimean Peninsula is controversial for United States citizens, exclusive polling for Newsweek has revealed. Throughout the past year, Ukrainian President Volodymyr Zelensky has repeatedly committed to "liberating" Crimea from Russian control. The peninsula was illegally annexed by Moscow back in 2014. "Crimea is our land, our territory," Zelensky said in January. "It is our sea and our mountains. Give us your weapons—we will return what is ours." His words coincided with reports that the Biden administration was warming up to the idea of supporting Kyiv in its goal of retaking Crimea.
LOWER EAST SIDE, Manhattan — The heartbroken mother of a 15-year-old boy killed while subway surfing on a train crossing the Williamsburg Bridge remembered her son as a “good kid,” as she urged fellow parents to be aware of the dangerous and potentially deadly trend. Zackery Nazario “was a very nice kid. Old soul, very mature. Good kid, good kid,” grieving mom Norma Nazario told PIX11 News. The teen boy was killed Monday evening while riding atop a Manhattan-bound J train headed over the Williamsburg Bridge, according to authorities. Nazario hit his head on a metal beam as the train
Following President Joe Biden's surprise visit to the Ukrainian capital of Kyiv on Monday, senior members of his administration detailed the security discussions that led up to the decision to go on the trip and the content of the meetings Biden had with Ukrainian President Volodymyr Zelenskyy over the course of his roughly five hours in the city. (Snip) "We did notify the Russians that President Biden would be traveling to Kyiv. We did so some hours before his departure for deconfliction purposes," Jake Sullivan, the national security adviser to the president, told reporters on Monday morning in a press
U.S. Secretary of Transportation Pete Buttigieg has called out the rail operator at the center of a hazardous train derailment in Ohio. In a sharply worded, three-page letter sent Sunday to Norfolk Southern Railway president and CEO Alan Shaw, Buttigieg accused the Atlanta-based company of repeatedly prioritizing profit over safety -- a problematic ethos within the larger transportation industry that the secretary said has contributed to a number of derailments over the years. "The derailment of a Norfolk Southern train carrying hazardous materials near East Palestine, Ohio, has upended the lives of numerous residents, many of whom continue to worry about
Don Lemon will not appear Monday on CNN This Morning as his future on the show continues to be discussed at the highest levels within the network, according to two people familiar with the matter. Lemon, who was forced to make a groveling apology to CNN staffers on Friday after making offensive remarks about women and aging, had been scheduled to anchor This Morning alongside co-hosts Poppy Harlow and Kaitlan Collins, according to a copy of the CNN anchor schedule obtained and reviewed by Confider. But by Sunday afternoon a new on-air lineup schedule was sent out by CNN management
The top five dirtiest cities in the country are run by Democrat mayors, a new study has found. Among 152 of the biggest cities across the United States, Houston, Texas, won the No. 1 spot for dirtiest city, followed by Newark, New Jersey., San Bernardino, California, Detroit, Michigan, and Jersey City, New Jersey, according to a study released Thursday by LawnStarter. LawnStarter measured each city across four categories: pollution, which measures things like air quality and greenhouse gas emissions; living conditions, like the percentage of homes containing mold or rats; infrastructure, which measures waste output and regulations; and consumer satisfaction
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Paul Ryan, a member of the Fox Corporation Board of Directors, said this weekend he will skip the 2024 Republican National Convention if former President Donald Trump wins the Republican Party primary.
In an interview on WISN ABC, Ryan was asked where he would be during the 2024 convention held in Milwaukee.
“Where will you be?” the host asked.
“It depends on who the nominee is,” Ryan replied. “I’ll be here if it’s not named somebody Trump.”
“You won’t show up if it’s someone —,” the host said before Ryan quickly cut in.
“Yeah, I’m not interested in participating, no,” Ryan retorted.
A mental health advocate has launched a furious defense for the 6'6" boy, 17, who attacked and knocked a teaching aide unconscious after she took his Nintendo Switch away from him.
Sue Urban - whose 17-year-old son Nicholas graduated from Matanzas High School before taking his own life - has responded to the incident where a 17-year-old special needs student, who weighs 270 pounds, attacked his teaching aide on Tuesday.
Neither the student nor the teaching aide's names have been released publicly.
'This is not this child's fault. He is not a threat,' Urban said in an emotionally Facebook Live. 'This is a mental health issue.
Meghan Markle is said to be "overwhelmed" following all the negative scrutiny she and Prince Harry have received from their tell-alls, leaving many to wonder if they’ll attend the coronation.
Harry’s father, King Charles III, will be crowned alongside Camilla, the queen consort, on May 6 at London’s Westminster Abbey. It’s uncertain whether the Duke and Duchess of Sussex will attend. "Meghan is upset and overwhelmed," Kinsey Schofield, host of the "To Di For Daily" podcast, told Fox News Digital. "It’s not that Meghan feels excluded with the planning," she claimed. "Meghan feels like the palace is only fighting for Prince Harry to attend and they don’t care whether she
Pence Swipes at Trump 2024 Candidacy:
‘We’ll Have Better Choices Than My
Old Running Mate’ 49 replies
‘We’ll Have Better Choices Than My
Old Running Mate’ 49 replies
Former vice president Mike Pence insisted that the 2024 Republican presidential field will offer “better choices” than his old boss, Donald Trump.
“I think the times call for different leadership,” Pence told NBC’s Ali Vitali in an interview that aired Friday. “I’m confident we’ll have better choices than my old running mate.”
“I’m very confident that Republican primary voters are going to choose the right standard bearer for this moment in our nation’s history,” Pence added. “Someone that can provide not only the policies in leadership but the style of leadership that will help bring our nation back.”
In recent months, Pence has become increasingly vocal
Project Veritas has released a video saying they want James O’Keefe back after losing hundreds of thousands of followers and begging donors not to abandon them.
The video came on the same day that a dozen Project Veritas whistleblowers published a video and penned a letter to the organization’s board of directors saying they stand with the ousted founder.
“We, the staff at Project Veritas, are at a crossroads,” the video begins. “High-level disputes between our leader and founder, James O’Keefe, and the volunteer Board of Directors who are responsible for oversight of the nonprofit have resulted in James no longer being here.”
So, if you want to understand, if you really want to understand how the American government actually works at the highest levels, and if you want to know why they don't teach history anymore, one thing you should know is that the most popular president in American history was Richard Nixon.(snip)without a single vote being cast by a single American voter, Richard Nixon was kicked out of office and replaced by the only unelected president in American history.(snip)Richard Nixon believes that elements in the federal bureaucracy were working to undermine the American system of government
Hilarious: Paul Ryan's Attack on Donald
Trump as 2024 Nominee Doesn't Have Effect
He'd Hoped 32 replies
Trump as 2024 Nominee Doesn't Have Effect
He'd Hoped 32 replies
It’s been a long time since former House Speaker Paul Ryan had any relevance to the base of the Republican Party.
He’s long since been dismissed. But that hasn’t stopped him from thinking that, somehow, what he says holds some sway.
Ryan sat down with WITI Milwaukee’s Jason Calvi, and he said that he would not be attending the upcoming 2024 Republican National Convention if President Donald Trump was the nominee. “It depends on who the nominee is. I’ll be here [in Milwaukee at the convention] if it’s someone not named Trump.” (Tweet/Video)
Yoko Ono is the latest to say she’s done with New York City.
The 90-year-old is choosing to spend the rest of her life in a rural upstate New York farm that she and her late husband, John Lennon, purchased together in 1978, according to the Daily Mail.
In the last 50 years, Ono has called the exclusive Dakota building — located on West 72nd Street and known as the first-ever luxury apartment building in America — her home. Lennon was shot outside, in the Dakota’s archway, on Dec. 8, 1980.
Marjorie Taylor Greene wants Americans to get a national divorce, and the only question is who gets custody of Puerto Rico. Actually there are other questions, such as: why the hell are we talking about this again? And: why is a member of the United States House of Representatives advocating breaking up the United States? And: which third party gets to be the divorce lawyer? Because there is no way Canada is telling me how much alimony I have to pay.
For those of you leading normal and productive lives, this latest brain-plague began on Twitter when Congresswoman Greene declared, “We need a national divorce. We need to separate
During an interview with Joe Biden that aired on Friday, ABC’s David Muir asked Joe Biden if he would be running again.
He said Muir should ask Jill Biden, referencing comments Jill Biden made earlier in the day during her visit to Africa. It was sort of a joke. But it also told you who is running the show here. When it comes to things, she’s the handler.
Jill got snippy with the interviewer, the AP’s Darlene Superville, for even daring to ask the question, as though it was already a settled thing.
“How many times does he have to say it for you to believe it?” Jill said
Attorney Andrew McCarthy said Emily Kohrs, the forewoman of a special grand jury as part of the Georgia criminal probe into former President Trump, may have dealt "a terrible blow" to prosecutors with her unusual media tour this week. In a pair of appearances on CNN and NBC News, Kohrs appeared to strongly hint that Trump was among those recommended for criminal charges while laughing, joking and making animated facial expressions that seemed to provide answers she knew she shouldn't be offering. McCarthy, a senior fellow at the National Review Institute, believes any "fair-mind lawyer" would object to her behavior.
"This is a terrible thing. She basically
Better late than never!
President Joe Biden on Friday directed federal agencies to go door-to-door in East Palestine, Ohio, starting Saturday, to check on families affected by the toxic train derailment.
Under Biden’s order, teams from the Centers for Disease Control and Prevention, Environmental Protection Agency and Federal Emergency Management Agency will visit homes.
Workers will ask how residents are doing, see what they need and connect them with appropriate resources from government and nonprofit organizations, the White House said.
The 'walk teams' are modeled on similar teams following hurricanes and other natural disasters.
Comments:
Miss Kareem and Uncle Joe insist prices are actually falling. They are lying.