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Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.
Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt
Experts react to January’s CPI report
  + stars: | 2024-02-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExperts react to January’s CPI reportSkanda Amarnath, Employ America executive director, EJ Antoni, research fellow at The Heritage Foundation, and CNBC's Rick Santelli and Steve Liesman join 'Squawk Box' to react to January's CPI data.
Persons: Skanda Amarnath, EJ Antoni, Rick Santelli, Steve Liesman Organizations: The Heritage Foundation
As the 2024 presidential campaign heats up, experts on extremism fear the threat of politically motivated violence will intensify. Trump's loss to Democrat Joe Biden in the 2020 election did not end the spread of QAnon-influenced conspiracy theories or its unrealized prophecies. “In 2020, millions of people were radicalized on behalf of this conspiracy theory. It’s really hard to tell who is going to mobilize on behalf of a conspiracy theory,” Kane said. “Spending hours and hours consuming conspiracy theory material is intoxicating,” Hughes said.
Persons: Nancy Pelosi's, Donald Trump's, , , Jacob Ware, “ They’re, David DePape, Paul Pelosi, San Francisco, DePape, Nancy Pelosi, Trump, Mark Milley, Brett Kavanaugh, Democrat Joe Biden, movement's, “ It’s, Sheehan Kane, Kane, Michael Jensen, QAnon, ” Kane, Brianna Wu, wasn't, Wu, GamerGate, ” Wu, ” DePape, Brian Hughes, they’ve, ” Hughes, Amarnath Amarasingam, Amarasingam, Ware, Trump's, “ Donald Trump, that’s, Hughes, Olga R, Rodriguez Organizations: Council, Foreign Relations, San, Democratic, Hollywood, Trump, Capitol, Joint Chiefs, Staff, Maryland, Democrat, University of Maryland, 4chan, GamerGate, University of Michigan, American, Research, Innovation, Queen’s University, Associated Press, AP Locations: Washington, North Carolina, United States, Canada, San Francisco
The jump in openings may put pressure on the Federal Reserve to take interest rates even higher. “JOLTS data should not drastically color this broader assessment of labor market tightness but will matter at the margins for the Fed’s own perception of labor market heat.”Some question how much weight to give the report. After peaking at a record of around 12 million in March 2022, job openings as measured by the government have fallen overall. Some economists think the JOLTS report should be taken with a grain of salt. The May employment report, to be released by the Labor Department on Friday, will fill out the labor market picture before Fed policymakers meet on June 13 and 14.
Persons: Jerome H, Powell, Skanda Amarnath, Gregory Daco, , Goldman Sachs, Organizations: Federal Reserve, Labor Department, Bloomberg Locations: America, EY
Twitter has removed the autocomplete function in its search bar following complaints. Users highlighted that it had started to suggest graphic videos of animal abuse and mass shootings. An expert told the BBC that Twitter's content moderation issues come down to job cuts. Twitter has removed the autocomplete function in its search bar after users flagged that it had started to recommend horrifying videos of animal abuse and mass shootings. Amarasingam suggested that the company no longer had the required staff to remove content or warn users about graphic content.
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