New Yorkers Realizing Just How Cold 'Warmth of Socialism' Is
The late British Prime Minister Margaret Thatcher observed that "The problem with socialism is that you eventually run out of other people's money." It looks like New York has finally run out of other people's money.
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Economists Poll: Fed Still Set to Cut Interest Rates in 2026
The Federal Reserve will keep U.S. interest rates on hold until September, according to economists in a Reuters poll who are still clinging to expectations for at least one reduction later this year, despite worries about inflation from war in the Middle East.
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Brazen Democratic-Socialists Leave Destruction in Their Wake
Mayor Mamdani and his DSA comrades have spent time since he took office on Jan. 1, 2026 promoting their radical causes as New York City's finances are deteriorating. The major debt rating agency, Moody’s, has downgraded the city's credit rating to "negative,"
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Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate
The forecast is a sharp step up from the prior projection of 2.8%. Moreover, it is much higher than the 2.7% Fed officials estimated.
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Unemployment Claims Increase Slightly
New applications for U.S. unemployment benefits rose slightly last week, suggesting the labor market remains stable and giving the Federal Reserve scope to hold interest rates steady while monitoring inflation risks linked to the Middle East conflict.
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Pressure Builds as Rates Stay High
For months, Wall Street has been betting on interest rate cuts. Traders talked themselves into the idea that the Federal Reserve would be cutting rates several times this year, finally giving the economy a much-needed boost. Instead, reality is setting in: inflation is...
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