Headwinds And Tailwinds: Minding The Market Weather

Waste Of The Day: Stolen Education Grants Authored by Jeremy Portnoy via RealClearInvestigations, Topline: A North Dakota woman was convicted last month of five counts of theft for stealing $131,000 in state grants meant for after-school programs. Key facts: Faith Dixon, 47, was one of the top recipients of $2 million that the North Dakota Department of Public Instruction awarded in October 2021 for its Out of School Time program to support children impacted by school closures during the Covid-19 pandemic. Her nonprofit, Faith4Hope, instead sent the funds to her then-husband's food stand,...

Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias" This morning, three Fed officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. “I believe the FOMC should offer a policy outlook that signals that the next rate change could be either a cut or a hike, depending on how the economy evolves,” Minneapolis Fed president Neel Kashkari said in an essay released on Friday morning. “This could tighten financial conditions somewhat today,...