Fed, Rate Cuts
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Lisa Cook, Trump and Federal Reserve Governor
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The Labor Department on Tuesday issued a stunning downward revision of 911,000 fewer jobs added for the 12 months through March 2025.
The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.
1don MSN
Fed Governor Lisa Cook claimed 2nd residence as ‘vacation home,’ undercutting Trump fraud claims
Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate.
A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,
Another inflation print from the US, and focus still remains on the labor market, where unemployment claims saw a significant spike this week. Read more here.
Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.
U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.
A Fed rate cut is coming this week, but the pace of future cuts will be in focus. The implications of Oracle’s earnings on the AI-narrative are analyzed.