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Mises Wire Ryan McMaken 09/18/2024 The Federal Reserve’s FOMC slashed the target federal funds rate at its meeting this month, reducing the target rate by 50 basis points from 5.5 percent to 5.0 percent. This was the largest cut to the target rate since March of 2020 in the midst of the Covid Panic. This cut comes after fourteen months of the FOMC holding the target rate at 5.5 percent. In late 2022, the FOMC was forced to allow interest rates to rise in response to mounting price inflation which hit a year-over-year growth rate of 8.9 percent in June 2022. Since the official CPI inflation rate fell back below five percent in Spring of 2023, however, there has been continuing speculation about a “Fed pivot” in which the Fed will once again begin a cycle of cuts to the target interest rate.

By Sheila Dang September 18, 2024 Sept 18 (Reuters) - Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump's Democratic rival Kamala Harris. Workers at Tesla (TSLA.O), opens new tab have contributed $42,824 to Harris' presidential campaign versus $24,840 to Trump's campaign, according to OpenSecrets, a nonpartisan nonprofit that tracks U.S. campaign contributions and lobbying data. Employees at Musk's rocket company SpaceX have donated $34,526 to Harris versus $7,652 to Trump. Employees at the social media platform X, formerly known as Twitter, have donated $13,213 to Harris versus less than $500 to Trump.

Mises Wire Ryan McMaken 09/17/2024 From day one of his presidency, it has been apparent that Argentina’s President Javier Milei wants the Argentinian regime to be a willing member of the US-NATO axis in international affairs. Milei has demonstrated this with a variety of overtures toward the State of Israel and by his repeated meetings with the dictator of Ukraine, Volodymyr Zelenskyy. This all positions Burenos Aires as a reliable supplicant and friend of Washington. Or, as I summed it up back in June:

https://youtu.be/5wwm4OiYY5M Jul 15, 2024 Following a shooting at a rally in Pennsylvania, Donald Trump's supporters have portrayed him as a so-called "threat to the US deep state". But in reality, Trump was a warmonger as president, and appointed top CIA officials and neoconservatives to run his foreign policy. Ben Norton reviews Trump's support for Israel and Ukraine and his aggressive policies against China, Russia, Palestine, Iran, Iraq, Syria, Afghanistan, Yemen, Bolivia, Venezuela, Nicaragua, and Cuba. Topics 0:00 (Clips) Trump on Syria, Venezuela, Ukraine 0:32 US politics & bipartisan war crimes