America's Truckin' Network 5/1/26

Kevin covers and discusses the following stories: on Wednesday, after the Federal Reserve's Federal Open Market Committee, Chairman Jerome Powell announced their interest rate decision and indicated his plans once his term as Chaiman ends on May 15, Treasury Secretary Scott Bessent offered his thoughts on Powell's decision; the U.S. Labor Department reported the Weekly Jobless Claims report; the U.S. Commerce Department reported the Personal Consumption Expenditures Index, Core Personal Consumption Expenditures Index; Personal Spending, Personal Income and Gross Domestic Product; oil and gas prices continue to be affected by the events in the Strait of Hormuz, the Blockade of Iran's ports, the United Arab Emirates decision to exit the Organization of Petroleum Exporting Countries (OPEC); Kevin has the details, digs into the data, puts the information into historical perspective, offers his insights and a few opinions along the way. See omnystudio.com/listener for privacy information.