Author: Leslie Stewart

Mexican watermelon is on display on the shelves of the Target Store in Novato, California on March 5th, 2025.Justin Sullivan | Getty ImagesOn the surface, February inflation data released this week brought some encouraging news. But beneath it was signs that the Federal Reserve would likely be withheld in terms of interest rates.Both consumer and producer price indexes were lower than expected, but that is not necessarily reflected in the key measures the Fed uses to measure inflation.According to multiple Wall Street Economists, policymakers rarely take much comfort in these numbers, as some Byzantine mathematics and mathematics and trends in…

Treasury Secretary Scott Bescent said Thursday that previous comments on the “detox period” of the US economy did not mean that a recession was necessary.”It’s not at all. It depends on how quickly the baton is handed over, so we don’t have to. Our goal is to make a smooth transition,” Bescent said of CNBC’s “scoke on the streets.”The comments come after Bescent said Friday that the US would go through a transition period as the federal government seeks to cut spending, including giving birth to public sector workers. Bescent reiterated his view on Thursday that the current level of…

Treasury Secretary Scott Bescent said Thursday that the Trump administration is focusing more on the long-term health of the economy and markets, rather than on the short-term turnover.”We’re focusing on the real economy. Can we create an environment where the market has long-term benefits and the Americans have long-term benefits?” Bescent said in CNBC’s “Squad Work on the Streets.” “I’ve not been worried about a bit of volatility over the course of three weeks.”Comments come to markets that are primarily in chaos, mainly focusing on nearly day movements on tariffs on major US trading partners such as Canada, Mexico and…

A home was built on June 21, 2023 at a residential development in Lemont, Illinois.Scott Olson | Getty ImagesAccording to the National Association of Home Builders, President Donald Trump’s tariffs could increase the cost of materials on an average new home up to $10,000.The trade group said it received anecdotal reports from members that Trump’s taxation plan would increase material prices from $7,500 to $10,000 for the average new single-family home. The association plans for a formal investigation in the future, but the figures offer an early glimpse into what businesses and consumers can expect if Trump’s controversial taxes on…

The chicken stands next to the egg roof of the chicken coop at Sunrise Farms in Petaluma, California on February 18, 2025. Justin Sullivan | Getty Images News | Getty ImagesEgg prices have so far dropped sharply in March with some advances to end the shortage, giving consumers much needed relief in supermarket staples.According to USDA data, the cost of large white shell eggs decreased on average to an average of $6.85. This represents a $1.20 drop per dozen and a 15% return on previous USDA updates on February 28th.”With no significant outbreaks of HPAI (highly pathogenic avian flu) have…

Police say the man suffered a gunshot wound when a dog accidentally fired an AA gun while jumping to bed in Memphis this week.According to WMC, Memphis Police Department responded to a Fraser-area home just before 4am Monday.The man told officers he was lying in bed with a friend when the dog jumped into bed and his leg was locked up by a gun trigger guard, police told WMC. The pet hit the trigger, the gun disappeared and the man was grazing on his left thigh, police said. The dog was a pit bull puppy named Oreo, reported WMC, citing…

Disclosure: The opinions and opinions expressed here belong to the authors solely and do not represent the views or opinions of the crypto.news editorial. The Australian housing market has long been the focus of economic debate. Many blame the affordable crisis against slow construction and the rise in immigration, but another important factor is often unaware, financial regulations. Limited licensing and compliance in the financial sector create uneven playing fields, pushing more capital into real estate, further exacerbating the crisis. Unintended consequences of financial overregulation Over the past few years, Australia’s fintech industry has repeatedly urged the government to implement…

The massive layoffs launched this week in the education sector can hit the federal efforts to support students with disabilities, former staff and education experts said they are citing the blow to the institution’s civil rights and research sector. On Tuesday, the department began firing about 1,300 employees, cutting almost half and more than 100 of the Institute for Educational Sciences’ Office of Civil Rights (OCR), according to information released by Federal Local 252 U.S. Government Employees, department staff members. The cuts in these two sectors mean that far fewer staff will finish 12,000 pending federal investigations into allegations of…

The US Treasury Department is seen from the Washington memorial on a cold winter day in Washington, DC on January 21, 2025.Kevin Carter | Getty ImagesThe budget shortage in February exacerbated the issue of US debt and deficits as the budget shortage in February exceeded $1 trillion, despite the fiscal year not yet at the halfway point.Government spending was slightly relaxed each month, but still far surpassed revenue, according to a Treasury statement on Wednesday. The deficit was just over the month’s total of $30.07 billion, 2.5 times its in January and 3.7% higher than February 2024.Receipts and expenditures set…

Prices for goods and services rose more than expected in February, providing some relief as consumers and businesses worry that the looming influence could have on inflation, the Bureau of Labor Statistics reported Wednesday.According to the Labor Bureau, the Consumer Price Index, a measure of the broad cost across the US economy, reached 2.8% from the month’s seasonally adjusted 0.2%. All items CPI increased by 0.5% in January.Excluding food and energy prices, CORE CPI also rose 0.2% a month, at 3.1% over 12 months. Lowest reading since April 2021. Core CPI rose 0.4% in January.Economists surveyed by Dow Jones were…