rise in price level in an economy over time
CPI Report Live Updates: Inflation Slows to 2.5% in August: U.S. inflation slowed to 2.5 percent in the year through August, the final major economic puzzle ...
nytimes.com/live/2024/09/11/business/cpi-inflation-fed
Quick Glance: Inflation Declines: August CPI Report Insights
- Consumer prices rose by 2.5 percent year-over-year in August, down from 2.9 percent in July.
- The Federal Reserve is expected to announce its first interest rate cut in over four years next week, aided by the cooling inflation.
- Core inflation stood at 3.2 percent, emphasizing persistent housing costs as a key concern.
- Decreasing food prices and falling energy costs provide relief for consumers, while markets react to the Fed's upcoming interest rate decisions.
Interest rate decision: ECB lowers key interest rate to 3.5 percent: Because inflation is falling, the European Central Bank is lowering its most important key ...
sueddeutsche.de/wirtschaft/ezb-zinsentscheid-inflation-leitzins-zinssenkung-lux.JuxxMVc5E8c7UeMGWBczKF
Quick Glance: ECB Reduces Rates Again Amid Economic Struggles
- The European Central Bank cut interest rates for the second time in three months, lowering them to 3.5 percent to support the struggling economy.
- Inflation has slowed, prompting the bank to act amid weak growth and reduced household spending.
- Policymakers are cautiously adjusting rates to avoid inflation in the services sector, while growth forecasts for 2024 and 2025 have been slightly downgraded.
- The ECB also reduced two other key interest rates by 0.6 percentage points to improve short-term money market management.
US holiday sales to grow at slowest pace since 2018, report says: U.S. holiday sales are expected to grow at their slowest pace in six years ...
reuters.com/markets/us/us-holiday-sales-grow-slowest-pace-since-2018-report-says-2024-09-12/
False statements about pets and inflation in the TV debate between Trump and Harris
tagesschau.de/faktenfinder/faktencheck-tv-duell-trump-harris-100.html
Quick Glance: Harris Launches Attacks on Trump in Debate
- Vice President Kamala Harris used the debate to portray Donald Trump as a 'disgrace,' turning his own words against him.
- She accused Trump of being weak and easily manipulated by dictators, stating that world leaders are laughing at him.
- Harris adopted Trump's attack strategy, spending more time criticizing him than he did her.
- Trump suggested that Harris was copying his tactics, implying she had embraced his philosophy.
US inflation falls to 2.5% in August: Figure sets stage for Federal Reserve to cut interest rates at its meeting next week
ft.com/content/66a18979-cd6b-4872-abe7-f4487ea64b15
Quick Glance: US Inflation Drops to 2.5% in August
- US inflation decreased to 2.5% in August, setting the stage for a potential interest rate cut by the Federal Reserve next week.
- The Core CPI remained stable at 3.2%, with August adding 142,000 jobs, indicating positive labor market trends.
- Traders raised their expectations for a quarter-point rate cut, while Goldman Sachs considers a possible 50 basis point reduction.
- Fed officials stress a cautious approach to interest rate policy unless significant labor market deterioration is observed.
Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023
abcnews.go.com/Business/wireStory/average-rate-30-year-mortgage-falls-620-lowest-113625725
S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut: All three major U.S. stock indexes closed higher on Wednesday with a boost from ...
reuters.com/markets/us/futures-dip-after-harris-trump-debate-eyes-inflation-data-2024-09-11/
ADAC: Gasoline price falls to lowest level since 2021: According to data from the ADAC, the price of gasoline is at its lowest in almost three years ...
welt.de/wirtschaft/article253473698/ADAC-Benzinpreis-faellt-auf-tiefsten-Stand-seit-2021.html
US inflation: Why the stock market is throwing a tantrum over CPI data: Annual inflation cooled to its lowest level in three years, but the stock market still ...
markets.businessinsider.com/news/stocks/inflation-report-stock-market-today-fed-rate-cuts-economy-outlook2024-9
Median income rose to $80,610 in 2023: Americans’ incomes have finally returned to their pre-pandemic peak.
cnn.com/2024/09/10/politics/2023-census-median-income-data/
Quick Glance: American Incomes Hit Peak in 2023
- Median household income rose to $80,610 in 2023, matching 2019 levels.
- Income increased by 4% from 2022, mainly due to higher worker earnings.
- The official poverty rate decreased to 11.1%, while the supplemental rate rose to 12.9%, influenced by housing costs.
- Enrollment in Affordable Care Act plans reached a record 20.8 million, while the uninsured rate remained stable.
McDonald’s $5 value meal is sticking around until December: The McDonald’s $5 meal deal is sticking around until December, a sign that inflation-weary customers ...
cnn.com/2024/09/12/business/mcdonalds-5-dollar-value-meal-december/
MOFA cites inflation for over 60% hike in high-level travel budget - Focus Taiwan
focustaiwan.tw/politics/202409100022
Quick Glance: MOFA Justifies Over 60% Increase in Travel Budget
- The Ministry of Foreign Affairs (MOFA) defended a proposal to raise its budget for high-level overseas trips by over 60% due to inflation.
- MOFA spokesman Jeff Liu stated that overseas trips by Taiwan's president, diplomats, and senior government officials are prioritized.
- The 2025 budget proposal allocates NT$424 million (US$13.2 million) for overseas travel, marking an increase of NT$160 million compared to 2024.
- An opposition lawmaker called on MOFA to provide detailed spending plans to prevent waste of public funds.
Kroger CEO blames credit card fees and fuel costs for price hikes: A Kroger executive said in a court testimony last week that the retailer hiked its milk and ...
businessinsider.com/kroger-ceo-blames-credit-card-fees-fuel-costs-price-hikes-2024-9
Poll: Economy and inflation top abortion as issues most important to voters: Most voters said they think November’s presidential election will have a “major” ...
thehill.com/policy/healthcare/4872314-poll-economy-inflation-top-abortion-voters/
Key claims from the Trump-Harris debate fact-checked.: BBC Verify has been examining Trump and Harris's claims in their first head-to-head debate in the US ...
bbc.com/news/articles/cgjv3gdxv7go
Stock market today: Successful rebound ahead of key CPI inflation report: The August CPI report set to be released on Wednesday could influence whether the Fed ...
markets.businessinsider.com/news/stocks/stock-market-today-successful-rebound-ahead-of-cpi-inflation-report-2024-9
Quick Glance: Stock Market: Dow Rises by 484 Points
- The stock market experienced a significant rise on Monday as buyers rushed in after last week's losses.
- Both the Nasdaq Composite and S&P 500 increased by 1.2%, with all 11 sectors of the S&P 500 finishing in positive territory.
- Palantir and Dell boosted gains with their announcements of joining the S&P 500, with Palantir surging by 14.1%.
- Market participants are looking forward to the Consumer Price Index release on Wednesday, which might influence the Fed's interest rate decisions.
Stock market today: S&P 500 hits 4-day win streak after inflation data: Indexes rose Thursday as investors took in new inflation data, with the producer price ...
markets.businessinsider.com/news/stocks/stock-market-today-2024-9
'INFLATION NIGHTMARE': Trump makes campaign promise to senior voters 'suffering the ravages' of Biden-Harris policies in new video shared on Truth Social. taxes-social-security-cites-inflation-nightmare.amp" href="https://www.foxbusiness.com/fox-news-politics/trump-promises-halt-taxes-social-security-cites-inflation-nightmare">Trump promises no tax on social security benefits if he wins election | Fox Business
Gold prices subdued as traders await Fed rate outlook cues: Gold prices were flat on Monday, as investors awaited U.S. inflation print due this week to ...
reuters.com/markets/commodities/gold-prices-subdued-traders-await-fed-rate-outlook-cues-2024-09-09/
Breaking news: The European Central Bank has cut interest rates by a quarter percentage point to 3.5% in response to falling Eurozone inflation and signs that ... Show more
Wholesale inflation slowed again last month: US producer prices continued to cool overall in August, showing that inflation across the economy is improving ...
cnn.com/2024/09/12/economy/us-ppi-wholesale-inflation-august/
UK grocery inflation returns to downward trend, says Kantar: UK grocery inflation edged lower this month, data from market researcher Kantar showed on Tuesday ...
reuters.com/world/uk/uk-grocery-inflation-returns-downward-trend-says-kantar-2024-09-10/
IMF Agreement Could Give Ukraine Access to $1.1 bn: A staff-level agreement on the fifth review of the four-year Extended Fund Facility Agreement ...
kyivpost.com/post/38793
US dollar regains footing as traders pare bets on big Fed rate cut: The dollar bounced against the yen and other major currencies on Monday ...
reuters.com/markets/currencies/dollar-tentative-yen-dips-muddled-fed-rate-cut-outlook-2024-09-09/
Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
abcnews.go.com/Business/wireStory/big-lots-files-chapter-11-bankruptcy-protection-plans-113514215
Quick Glance: Big Lots Bankruptcy Filing and Sale to Nexus Capital
- The discount retailer has sought bankruptcy protection and intends to sell its assets through a court-supervised process.
- It filed for Chapter 11 in Delaware, reporting assets and liabilities ranging from $1 billion to $10 billion.
- Nexus Capital Management LP will serve as a "stalking horse bidder," meaning they will acquire the business if no superior offers are made.
- The company has secured $707.5 million in financing and aims to finalize the sale transaction in the fourth quarter of 2024, subject to bankruptcy court approval.
Confronting Africa’s Cost-of-Living Crisis | by Hippolyte Fofack - Project Syndicate
project-syndicate.org/commentary/african-governments-must-confront-cost-of-living-crisis-by-hippolyte-fofack-2024-09
Social Security COLA 2025: Seniors can expect lowest cost-of-living increase since 2021
nbcnews.com/business/consumer/social-security-cola-2025-seniors-can-expect-lowest-cost-living-increa-rcna170487
Harris-Trump debate: What to watch for on the economy: The economy often ranks as the top priority among voters.
abcnews.go.com/Business/harris-trump-debate-watch-economy/story
Quick Glance: Trump Emphasizes Familiar Grievances at Wisconsin Rally
- Donald Trump addressed a rally in Mosinee, Wisconsin, reiterating his familiar complaints about indictments and border policies.
- He announced plans for a 'Government Efficiency Commission' led by Elon Musk to assess federal government performance.
- While Trump focused on his campaign, Kamala Harris prepared for their upcoming debate in Pittsburgh, emphasizing national unity.
- Trump criticized the current administration for societal division and labeled its border policy as 'suicidal'.
Harris-Trump debate: The stat about incomes that may swing the US election: Inflation-adjusted median household income rose last year for the first time since ...
aljazeera.com/economy/2024/9/11/as-harris-and-trump-debated-a-key-economic-statistic-loomed-large
To bash immigration, JD Vance bashes America’s economic dominance: The Republican vice-presidential nominee offers an anti-American assessment of economics along ...
washingtonpost.com/politics/2024/09/12/vance-immigration-prosperity/
How PS5 Pro's Price Compares With Other Launch Consoles - IGN: The PS5 Pro has been revealed and it costs a whopping $700 in the United States ...
ign.com/articles/how-ps5-pros-price-compares-with-other-launch-consoles
Washington Post reporters are sharing insights, analysis and fact-checks during tonight’s debate.
Read more from Jeff Stein’s analysis of Trump’s inflation ... Show more
Trump promises to reduce inflation. His plans may reignite it. - The Washington Post
Trump promises to reduce inflation. His plans may reignite it. - The Washington Post
Quick Glance: Harris' Debate Strategy: Disarming Opponents
- Kamala Harris leverages her legal skills to gain control in political debates.
- She has excelled with direct communication but may find her tactics less effective against Trump.
- The upcoming debate will limit her interaction due to muted microphones, hindering her strategies.
- This debate with Trump represents the most significant challenge of Harris' political career.
Police in Argentina clashed with elderly protesters, as retirees and others gathered to protest a veto by President Javier Milei that blocked pension increases ... Show more
Wall Street indexes bounce back as investors await inflation data, Fed rate cuts: Wall Street's three major indexes gained more than 1% on Monday as investors ...
reuters.com/markets/us/futures-start-week-upbeat-note-soft-landing-optimism-lingers-2024-09-09/
Quick Glance: Economic Impact of Declining Birth Rates
- A smaller, older population may lead to economic challenges.
- Carmel Crimmins converses with David Miles about the implications of falling fertility rates on state budgets and the planet.
- In South Korea, the 'YOLO' generation overlooks government efforts to boost birth rates.
- The meeting also discusses strategies to address the issues posed by an aging population.
Gold holds firm above $2,500 level as US inflation data looms: Gold prices held firm above the $2,500 level on Tuesday as market participants positioned ...
reuters.com/markets/commodities/gold-prices-edge-lower-ahead-us-inflation-print-2024-09-10/
CNA Sep 09
Public transport fare hike: Adults to pay 10 cents more per journey from Dec 28: Overall, fares will go up by 6 per cent - less than the 7 per cent increase last ...
channelnewsasia.com/singapore/public-transport-fare-hike-10-cents-bus-trains-inflation-4595541
Quick Glance: Public Transport Fare Hike Effective December 28
- Starting December 28, fares for adults paying by card will increase by 10 cents as public transport fares rise by 6 percent.
- The PTC decided on a moderate fare increase to cushion commuters from the full hike, while the government allocates an additional $250 million in subsidies.
- Cash fares will remain unchanged, and monthly travel passes will still cost the same to help users manage expenses.
- Graduating students will be allowed to pay concessionary fares for an additional four months to ease their transition into further education or the workforce.
Economists raise Singapore’s 2024 growth forecast to 2.6%: MAS survey: But growth outlook for key manufacturing sector slashed to 0.6%, from 1 ...
straitstimes.com/business/economists-raise-singapore-s-2024-growth-forecast-to-26-mas-survey
Oasis and Ticketmaster should refund fans who paid inflated ticket prices, says consumer group Which?
news.sky.com/story/oasis-and-ticketmaster-should-refund-fans-who-paid-inflated-ticket-prices-says-consumer-group-which-13211967
Morning Bid: Bracing for heavy selloff: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-09-08/
Hospital summit: Patient advocates and clinics criticize Lauterbach's reform: A hospital summit is to discuss hospital reform this Monday. Hospital ...
n-tv.de/politik/Krankenhausgipfel-Patientenschuetzer-und-Kliniken-kritisieren-Lauterbachs-Reform-article25213353.html
Housing costs, including rents and mortgage interest payments, have rocketed in the past two years.
But it might not be as simple as one generation doing well ... Show more
Is there a generational divide in Australia's spending habits? Here's what the data tells us - ABC News
ABC News App - ABC News (Australian Broadcasting Corporation) - ABC News
Is there a generational divide in Australia's spending habits? Here's what the data tells us - ABC News
ABC News App - ABC News (Australian Broadcasting Corporation) - ABC News
Comparing Trump's and Harris' differing ideas on how to boost the economy
pbs.org/newshour/show/comparing-trumps-and-harris-differing-ideas-on-how-to-boost-the-economy
New calls for £10 Christmas Bonus from DWP to increase with inflation to £165 🎅New calls for £10 Christmas Bonus from DWP to increase with inflation to £165 - Daily Record
UK state pension could rise by about £460 a year from April, wage growth figures suggest
theguardian.com/money/article/2024/sep/10/uk-state-pension-rise-april-2025-wage-growth
State pension to rise by more than £400 a year in April - double some winter fuel payments
news.sky.com/story/state-pension-to-rise-by-hundreds-of-pounds-in-april-13211894
Kamala Harris and Donald Trump set for debate: Plus, inflation data from the US and the European Central Bank interest rate decision
ft.com/content/46b05312-bbd0-4951-8c24-159867d46959
Opinion | How Project 2025 Would Change the Country: Trump can’t run away so easily from these Project 2025 plans.
nytimes.com/2024/09/09/opinion/project-2025-trump-change.html
As former Pres. Donald Trump and Vice Pres. Kamala Harris are set to take the stage with less than 60 days to go until the general election ... Show more
Harris-Trump debate: What to watch for on the economy - ABC News
Harris-Trump debate: What to watch for on the economy - ABC News
State pensioners could be handed £920 in their bank accounts within months: A £920 increase could be recorded, state pensioners have been told ...
birminghammail.co.uk/news/cost-of-living/state-pensioners-could-handed-920-29919996
UK watchdog fears Voda-Three merger would bump phone bills for customers: Analysts claim it would be better for competition though
theregister.com/2024/09/13/uk_cma_fears_vodathree_merger/
Quick Glance: Vodafone-Three Merger: Concerns Over Rising Costs
- The proposed merger between Vodafone and Three could lead to higher mobile bills for millions of customers, according to the UK competition watchdog, the CMA.
- The CMA expressed concerns that the merger would significantly reduce competition in the mobile market and demanded assurances from both companies for approval.
- Vodafone and Three disputed the CMA's findings, arguing that the merger would enhance the market and investment while denying any potential for price increases.
- The CMA plans to make a final decision by December 7 and reserves the right to block the merger if proposed remedies are inadequate.
State pensioners will be 'worse off' in real-terms after £460 Triple Lock hike: As energy bills rise by £100 this winter, and with pensioners losing £300 Winter ...
birminghammail.co.uk/news/cost-of-living/state-pensioners-worse-off-real-29915946
Quick Glance: Tough Vote: Cuts to Pensioners' Winter Fuel Allowance
- MPs voted to eliminate the winter fuel allowance for 10 million pensioners.
- The change will decrease the number of eligible individuals from 11.4 million to 1.5 million.
- Sir Keir Starmer defended the decision for economic stability, while opposition and unions demanded a reversal.
- The cuts are expected to save approximately £1.4 billion this year.
Sensex, Nifty today: Trading guide for Indian stock markets on Sept 13: Stock market today, Sept 13, 2024: Indian stock market investors will react to August CPI ...
business-standard.com/markets/news/sensex-nifty-today-trading-guide-for-indian-stock-markets-on-sept-13-124091300088_1.html
In the battle against inflation, central banks used to be the lone hero.
But missteps in managing the post-pandemic price surge and rising risks mean that in ... Show more
How Central Banks Won the Battle But Lost the War - YouTube
How Central Banks Won the Battle But Lost the War - YouTube
McDonald’s relies on value deal to reverse declines: What began as a limited-time deal now seems never-ending.
sacbee.com/news/business/article292390899.html
Pakistan cut its key interest rate for a third consecutive meeting as slowing inflation gave policymakers space to revive economic growth
trib.al/ru8EXJz
Best CD Rates Today, Sept. 13, 2024: Don’t Sleep on These High APYs. A Fed Rate Cut Is Looming
cnet.com/personal-finance/banking/cds/cd-rates-today-sept-13-2024/
Weekly recap: European Central Bank rate cut sparks market rally: Global stock markets were mostly positive this week, buoyed by optimism over central ...
euronews.com/business/2024/09/13/weekly-recap-european-central-bank-interest-rate-cut-sparks-market-rally
Hawkish BOJ policymaker calls for rates to rise to at least 1% | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15425416
ECB rate cut: Goldman, State Street and Deloitte analysts predict what lies ahead
businesspost.ie/news/experts-view-analysts-react-to-ecb-rate-cut-and-predict-what-lies-ahead/
Paid articlePaywall
SeekingAlpha 3h
BNY Mellon Dynamic Value Fund Q2 2024 Commentary: BNY Mellon Dynamic Value Fund (Class A at NAV) returned -1.47% during the second quarter of 2024 ...
seekingalpha.com/article/4720877-bny-mellon-dynamic-value-fund-q2-2024-commentary
DWP State Pension rise of £460 will not be paid to half a million pensioners: When the 4% rise in state pension was announced, many breathed a sigh of relief but ...
manchestereveningnews.co.uk/news/cost-of-living/state-pension-freeze-explained-half-29922062
Global rate cutting cycle picking up pace: Interest rate cuts from major central banks are well underway, with the European Central Bank on Thursday delivering ...
reuters.com/markets/global-rate-cutting-cycle-picking-up-pace-2024-09-12/
EDITORIAL: Continuing ongoing monetary easing, the State Bank has slashed its key policy rate by 200bps from 19.5pc to 17.5pc for the third time since June ... Show more
Monetary easing - Newspaper - DAWN.COM
Monetary easing - Newspaper - DAWN.COM
Why investors could be overestimating amount of Fed rate cuts ahead: Core CPI came in hot in August, and many on Wall Street think rate-cut expectations are too ...
businessinsider.com/fed-rate-cuts-inflation-cpi-august-fed-funds-rate-outlook-2024-9
You’re on your own implementing Draghi report, Lagarde tells governments: “Structural reforms are not the responsibility of the central bank — they are the ...
politico.eu/article/european-central-bank-christine-lagarde-critique-mario-draghi-plan-fix-europe-economy/
RBI Must Stay on Course Amid Dips in India Inflation, Das Says: Reserve Bank of India Governor Shaktikanta Das said policymakers must remain steadfast amid some ...
bloomberg.com/news/articles/2024-09-13/rbi-must-stay-on-course-amid-dips-in-india-inflation-das-says
ECB’s Muller Says Confidence Growing That Inflation Is Slowing: Inflation’s momentum is slowing across the euro area and there’s growing confidence that it’s ...
bloomberg.com/news/articles/2024-09-13/ecb-s-muller-says-confidence-growing-that-inflation-is-slowing
India’s Surprise Inflation Pick-Up Gives RBI Reason to Hold: India’s inflation unexpectedly accelerated in August, giving the central bank reason to stay on hold ...
bloomberg.com/news/articles/2024-09-12/india-s-august-inflation-stays-below-central-bank-s-target
Paid articlePaywallECB Eyes Risks of Inflation Below and Above Goal, Villeroy Says: The European Central Bank must be careful not to undershoot or overshoot its inflation target as ...
bloomberg.com/news/articles/2024-09-13/ecb-eyes-risks-of-inflation-below-and-above-goal-villeroy-says
ECB Had ‘Good Reasons’ for Interest Rate Cut Amid Slowing Inflation: Rehn: The European Central Bank had “good reasons” to ease monetary policy on Thursday and ...
bloomberg.com/news/articles/2024-09-13/ecb-had-good-reasons-for-rate-cut-amid-slowing-inflation-rehn
SeekingAlpha 4h
Emerging Market Growth Decelerates In August While Price Pressures Ease: Emerging market economic growth slowed midway through the third quarter of 2024 ...
seekingalpha.com/article/4720868-emerging-market-growth-decelerates-august-price-pressures-ease
Paid articlePaywallInflation Trend Suggests More ECB Cuts Must Happen, Simkus Says: The European Central Bank must continue to lower borrowing costs, though the pacing of such ...
bloomberg.com/news/articles/2024-09-13/inflation-trend-suggests-more-ecb-cuts-must-happen-simkus-says
Economic growth in eurozone will be weaker than hoped, says ECB: European Central Bank lowers forecast for GDP growth, as it cuts interest rates for the second ...
theguardian.com/business/2024/sep/12/economic-growth-in-eurozone-will-be-weaker-than-hoped-says-ecb
Asian markets rally with Wall St after US inflation eases further - Markets - The Jakarta Post
thejakartapost.com/business/2024/09/12/asian-markets-rally-with-wall-st-after-us-inflation-eases-further.html
Rising Rents, High Housing Inflation Weigh on Fed, Presidential Election: And it’s a big concern for the Fed. Plus: Kamala Harris and oil, tips for CEOs in a ...
bloomberg.com/news/newsletters/2024-09-12/rising-rents-high-housing-inflation-weigh-on-fed-presidential-election
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