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More War-Driven Inflation Seen in Fed’s Favored Gauge
The Federal Reserve’s favored top-line inflation gauge is rapidly approaching 4% as a war-driven spike in energy costs generates unease that price pressures will broaden. Government data on Thursday are expected to show the personal consumption expenditures price index jumped 3.8% in April from a year ago. That would put inflation a full percentage point higher than it was in February, marking the biggest two-month acceleration since late 2021. Even stripping out energy and food, the so-called core price measure likely picked up in April to the fastest pace since late 2023. The surge in prices for fuel and other ... (full story)
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I am in the Oval Office at the White House where we just had a very good call with President Mohammed bin Salman Al Saud, of Saudi Arabia, Mohammed bin Zayed Al Nahyan, of The United Arab Emirates, Emir Tamim bin Hamad bin Khalifa Al Thani, Prime Minister Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani, and Minister Ali al-Thawadi, of Qatar, Field Marshal Syed Asim Munir Ahmed Shah, of Pakistan, President Recep Tayyip Erdo?an, of Türkiye, President Abdel Fattah El-Sisi, of Egypt, King Abdullah II, of Jordan, and King Hamad bin Isa Al Khalifa, of Bahrain, concerning the Islamic Republic of Iran, and all things related to a Memorandum of Understanding pertaining to PEACE. An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries, as listed. Separately, I had a call with Prime Minister Bibi Netanyahu, of Israel, which, likewise, went very well. Final aspects and details of the Deal are currently being discussed, and will be announced shortly. In addition to many other elements of the Agreement, the Strait of Hormuz will be opened. Thank you for your attention to this matter! President DONALD J. TRUMP
Traders continue to navigate a messy market, with earnings and economic data sparking fresh volatility on a regular basis, leaving markets with plenty to work through. In the coming week, the latest US PCE price index reading could provide a warning sign, given expectations of another hot reading. Iran will undoubtedly remain a potential source of ...
One of the worst deals ever made by our Country was the Iran Nuclear Deal, put forth and signed into existence by Barack Hussein Obama and the rank amateurs of the Obama Administration. It was a direct path to Iran developing a Nuclear Weapon. Not so with the transaction currently being negotiated with Iran by the Trump Administration - THE EXACT OPPOSITE, in fact! The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side. The Blockade will remain in full force and effect until an agreement is reached, certified, and signed. Both sides must take their time and get it right. There can be no mistakes! Our relationship with Iran is becoming a much more professional and productive one. They must understand, however, that they cannot develop or procure a Nuclear Weapon or Bomb. I would like to thank, thus far, all of the countries of the Middle East for their support and cooperation, which will be further enhanced and strengthened by their joining the Nations of the historic Abraham Accords and, who knows, perhaps the Islamic Republic of Iran would like to join, as well! Thank you for your attention to this matter. President DONALD J. TRUMP Trump to ABC Network: I will not make bad deals with Iran Trump to ABC Network: The final decision regarding the deal with Iran depends entirely on me.
