Trump Eyes Suspension of Habeas Corpus
May 13, 2025: The Trump administration is considering suspending the constitutional right of habeas corpus in a bid to accelerate mass deportations.
- May 14, 2025 3:41 am
- California
April 7, 2021:-Investors shouldn’t worry about the Federal Reserve raising interest rates after releasing the latest U.S. jobs report, CNBC’s Jim Cramer said.
Businesses nearly hire 916,000 workers the previous month, according to data from the Labor Department released on Friday. Although, the report also showed average hourly earnings declined by 4 cents in March.
Wages will be a crucial component for the Fed to gauge inflation, the host of “Mad Money” said.
“Professional money managers crave growth without wage inflation, and that’s just what we got nirvana for stocks,” Cramer said.
“I like Powell’s hand above that of the inflationists right now because nothing is more important to stocks than that nonfarm Labor Department report that we got just Friday,” said Cramer.
Cramer points to a decline in oil prices as a reason for the Fed to keep rates at historically low levels. West Texas Intermediate futures dropped above 4% on Monday.
According to Cramer, these elements will let Powell stick to his plan of keeping rates less until the economy recovers from the coronavirus pandemic.
The comments came after stocks rallied to open the first whole week of the second quarter.
The S&P 500 and Dow Jones Industrial Average each jumped over 1% to fresh record highs. The tech-heavy Nasdaq Composite outperformed the Dow and S&P 500, rising 1.7%.
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May 13, 2025: The Trump administration is considering suspending the constitutional right of habeas corpus in a bid to accelerate mass deportations.
April 29, 2025: Donald Trump’s second term has reached the 100-day mark under sustained public skepticism, with national approval ratings
April 24, 2025: NATO closely monitors a series of Russian naval exercises in the northern waters near Finland and Norway amid heightened military activity
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