Politics

Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

By Jeff Cox via CNBC Inflation held at stubbornly high levels in May, though the monthly increased was slightly less than expected, according to a Commerce Department gauge closely watched by the Federal Reserve. Core personal consumption expenditures prices rose 4.7% from a year ago, 0.2 percentage point less than the previous month but still around levels […]

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IRS Chief Pushes Congress for Law Change on Land-Rights Tax Deals

IRS Chief Pushes Congress for Law Change on Land-Rights Tax Deals

By Richard Rubin via The Wall Street Journal Rettig says abusive syndicated conservation easement transactions persist despite stepped-up enforcement WASHINGTON—Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping land-rights deals that the government views as abusive transactions. Mr. Rettig said so-called syndicated conservation easements have continued despite years of stepped-up IRS enforcement that now […]

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