Matt Gagnon discusses the Federal Reserve’s decision not to cut interest rates, suggesting that Chair Jerome Powell’s conservative stance is driven by a desire to maintain economic stability rather than political motivations. Gagnon criticizes the Federal Reserve’s manipulation of interest rates, citing historical examples like the housing bubble. He argues that political influence on interest rates could lead to artificial economic booms and subsequent bubbles. Gagnon also criticizes the EU trade deal as a political win, predicting that tariffs will eventually lead to increased consumer prices and inflation. He emphasizes the importance of the Federal Reserve’s independence from political pressure.
Tropical Storms Karina and Lowell formed Thursday in the Pacific Ocean, both of which were expected to become hurricanes in the next few days, the National Hurricane Center said.
A new study suggests that El Ninos — the natural climatic chaos agent that pops up periodically and spikes global temperatures — are getting stronger because of human-caused climate change.
Two unvaccinated Pennsylvania residents have died after being infected with measles, the first U.S. deaths this year related to the contagious virus. State health officials announced the deaths Tuesday. They did not reveal any details about the people who died, other than that they lived in Lancaster County, west of Philadelphia.
