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Inflation falls to 2.4%, lowest in three years: It's the latest report indicating that the inflation crisis is in the rear view mirror.
axios.com/2024/10/10/cpi-report-september-inflation-economy
Fed interest rate cut means borrowing money will get cheaper for customers: Borrowing costs will be less onerous than in recent years, but likely won't ...
axios.com/2024/09/18/borrowing-credit-cards-loans-inflation
Quick Glance: Future Interest Rate Cuts from Federal Reserve Expected
- The Federal Reserve recently lowered interest rates to ease the burden on borrowers.
- The Federal Open Market Committee forecasts additional rate cuts through the end of 2024 and into 2025.
- Inflation has decreased but remains above the Fed's target, while unemployment rates are rising.
- Experts caution about uncertainties in economic forecasts that could impact the Fed's monetary policy.
Inflation Is Normalizing, but Won't Mean Another Jumbo Interest Rate Cut: While today's inflation report is encouraging, the Federal Reserve will take its time ...
cnet.com/personal-finance/inflation-is-normalizing-but-wont-mean-another-jumbo-interest-rate-cut/
Jay Powell signals ‘growing confidence’ in US economy’s soft landing: US central bank chair expresses ‘growing confidence’ of soft landing for economy
ft.com/content/4bf80d34-88a7-42a1-83b0-b33ab5dc4484
Quick Glance: Powell: Interest Rate Adjustments to Strengthen Economy
- Federal Reserve Chair Jerome Powell indicated gradual interest rate cuts to support the healthy US economy.
- Rates were lowered to 4.8% in early September, with two additional quarter-point cuts anticipated by year-end.
- Powell noted inflation fell to 2.2% in August, while the unemployment rate slightly decreased to 4.2%.
- The Fed is focusing on stabilizing prices and employment as the economy and job market remain robust.
Gold (XAUUSD) Set for Weekly Loss as Mixed US Data Muddy Fed’s Rate Path: Gold steadied to remain on track for a weekly loss, after hotter-than-expected ...
bloomberg.com/news/articles/2024-10-11/gold-xauusd-set-for-weekly-loss-as-mixed-us-data-muddy-fed-s-rate-path
Austan Goolsbee Explains the Fed’s Big Rate Cut: And where the risks are now.
bloomberg.com/news/articles/2024-10-11/austan-goolsbee-explains-the-fed-s-big-rate-cut
Mohamed El-Erian Warns Fed After Jobs Data: ‘Inflation Is Not Dead’: Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against ...
bloomberg.com/news/articles/2024-10-04/el-erian-warns-fed-after-jobs-data-inflation-is-not-dead
Sell Yen Is ‘Most Popular Trade’ as Investors Brace for CPI Risk: “Sell Japan’s currency” is becoming an ever-more popular rallying cry as investors prepare for ...
bloomberg.com/news/articles/2024-10-10/sell-yen-is-most-popular-trade-as-investors-brace-for-cpi-risk
Call for Reserve Bank to go 'harder and faster': Massive job losses are putting pressure on the Reserve Bank to aggressively cut interest rates.
newsroom.co.nz/2024/10/01/call-for-reserve-bank-to-go-harder-and-faster/
Fed’s Jefferson Says Risks to Inflation, Employment Now Balanced: Federal Reserve Vice Chair Philip Jefferson said risks to the central bank’s employment and ...
bloomberg.com/news/articles/2024-10-08/fed-s-jefferson-says-risks-to-inflation-employment-now-balanced
Economic outlook: Inflation is dead and the economy is healthy: The Federal Reserve has pulled off a soft landing, a rare achievement.
bostonglobe.com/2024/10/07/business/economic-outlook/
Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise: The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and ...
bloomberg.com/news/articles/2024-10-06/bond-traders-buckle-up-for-no-landing-after-jobs-surprise
Job growth surged in September as unemployment rate edged down: The big gain is a relief after previous data suggested the job market was sluggish.
axios.com/2024/10/04/jobs-report-september-2024-economy-unemployment
Call for Reserve Bank to go 'harder and faster': Massive job losses are putting pressure on the Reserve Bank to aggressively cut interest rates.
newsroom.co.nz/2024/10/01/call-for-reserve-bank-to-go-harder-and-faster/
Biden: Fed rate cut is "declaration of progress" on crushing inflation: The economy is a central issue for the upcoming election, with Trump using high ...
axios.com/2024/09/19/biden-fed-interest-rates-cut-trump-harris
Quick Glance: Biden Praises Rate Cut as Sign of Economic Relief
- President Biden described the Federal Reserve's rate cut as an important signal to Americans that inflation is decreasing.
- He emphasized that despite positive trends, such as inflation dropping from 9.1% to around 2%, much work remains to be done.
- Biden noted progress since the COVID-19 pandemic and highlighted legislative achievements while pointing out unresolved issues like childcare and housing costs.
- A White House official stated that labor market data remains solid and the economy is healthy overall, despite geopolitical risks.
Jobs Report Gives Kamala Harris Another Boost: Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut ...
nytimes.com/2024/10/04/business/jobs-report-harris-economy.html
The Federal Reserve may have pretty much just hit its 2% inflation target: This week’s inflation data provided more evidence that the Federal Reserve is nearing ...
cnbc.com/2024/10/11/the-federal-reserve-may-have-pretty-much-just-hit-its-2percent-inflation-target.html
US economy added a whopping 254,000 jobs last month: Economists had projected the US added 140,000 jobs in September and the unemployment rate held steady at 4 ...
cnn.com/business/live-news/us-jobs-report-september-10-04-24/
Annual inflation rate drops to 2.4 percent, lowest since February 2021: Consumer prices rose slightly in September as the Federal Reserve prepared to cut ...
thehill.com/business/4926065-annual-inflation-rate-ticks-lower-to-2-4-percent/
Bond Traders Add to Bets for a Quarter-Point Fed Cut in November: Bond investors lifted wagers that the Federal Reserve will cut interest rates by a quarter ...
bloomberg.com/news/articles/2024-10-10/bond-traders-add-to-bets-for-a-quarter-point-fed-cut-in-november
Fed's go-to measure confirms slowing inflation: It confirms the trend that convinced the central bank to lower interest rates earlier this month.
axios.com/2024/09/27/inflation-fed-reserve-pce-index-august
Quick Glance: Trump Ad Relies on Outdated Economic Claims
- The Trump campaign released an ad utilizing outdated economic data to criticize Biden and Harris.
- Inflation has dropped to 2.53% as of August 2023, contradicting claims of the highest inflation in 40 years.
- Unemployment remains low at 4.2%, and median household incomes rose by 4% in 2023.
- Experts dispute the notion of an imminent recession, while the Fed remains optimistic about economic growth.
Fed’s Kugler Calls for ‘Balanced Approach’ to Future Rate Cuts: Federal Reserve Governor Adriana Kugler said the US central bank should keep its focus on ...
bloomberg.com/news/articles/2024-10-08/fed-s-kugler-calls-for-balanced-approach-to-future-rate-cuts
US CPI Data Will Likely Show Further Disinflation in September: Economists anticipate that key measures of inflation decelerated in September ...
bloomberg.com/news/articles/2024-10-09/us-cpi-data-will-likely-show-further-disinflation-in-september
Stocks flat, longer-dated Treasury yields climb after CPI data, Fed comments: Global stocks were little changed while longer-dated U.S. Treasury yields edged up ...
reuters.com/markets/global-markets-wrapup-1-2024-10-10/
US Interest-Rate Cuts: Inflation Is Set to Reassure Fed: US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s ...
bloomberg.com/news/articles/2024-10-05/us-interest-rate-cuts-inflation-is-set-to-reassure-a-labor-market-focused-fed
Strong jobs report puts aggressive rate cuts by the Fed on ice: The jobs numbers take off the table the idea that the Fed is behind the curve of a rapidly ...
axios.com/2024/10/04/jobs-data-fed-rate-cuts-dream
US jobs report: 254,000 jobs added as unemployment dips: America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a ...
apnews.com/article/jobs-hiring-federal-reserve-inflation-unemployment-economy-87447d5187b37bb0f5cf996e25bad808
Unemployment dips to 4.1% as U.S. adds 254,000 jobs in September: The economy is weighing heavily on voters as the Nov. 5 presidential election nears.
pennlive.com/business/2024/10/unemployment-dips-to-41-as-us-adds-254000-jobs-in-september.html
Barkin Says Progress Made But Fed Can’t Declare Victory Yet: Federal Reserve Bank of Richmond President Tom Barkin noted progress on inflation and signs that ...
bloomberg.com/news/articles/2024-10-02/barkin-says-progress-made-but-fed-can-t-declare-victory-yet
US filings for jobless benefits jump to the most in more than a year: Massachusetts reported 4,838 “advance” initial claims for unemployment insurance last week.
bostonglobe.com/2024/10/10/business/jobless-benefits-258000/
US consumer prices rise slightly above expectations in September: U.S. consumer prices rose slightly more than expected in September amid higher food costs ...
reuters.com/markets/us/us-consumer-prices-rise-slightly-above-expectations-september-2024-10-10/
Citadel Securities Sees Quarter-Point Interest Rate Cut in 2024: Citadel Securities says a strong US economy and sticky inflation will lead the Federal Reserve ...
bloomberg.com/news/articles/2024-10-09/citadel-securities-sees-only-a-quarter-point-rate-cut-for-2024
Stock Market Today: Dow, S&P Live Updates for October 10: Asian equities were primed to advance on Thursday after US stocks set a fresh high ahead of inflation ...
bloomberg.com/news/articles/2024-10-09/stock-market-today-dow-s-p-live-updates
Reserve Bank cuts repo rate to 8%: This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
mg.co.za/business/2024-09-19-reserve-bank-cuts-repo-rate-to-8/
Quick Glance: Central Bank Lowers Interest Rate to 8%
- The South African Reserve Bank reduced the interest rate by 25 basis points to 8% to support declining inflation.
- This unanimous decision by the monetary policy committee will likely reduce monthly payments for new homeowners by up to R775 per million loan.
- Inflation dropped to 4.4% in August, below the bank's target range, and is expected to remain under 4.5% until the end of 2026.
- The interest rate cut increases liquidity for businesses and consumers, potentially stimulating economic growth.
Jamie Dimon backs Jerome Powell’s rate cut strategy: JPMorgan CEO Jamie Dimon said the Fed had been too slow in raising rates but was right to cut when it did.
fortune.com/2024/10/09/jamie-dimon-backs-powell-fed-rate-cut/
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Inflation Isn’t Tamed Yet. The Loneliest Fed Governor Was Right.: Federal Reserve governor Michelle Bowman cast the only dissenting vote in the Federal Open ...
barrons.com/articles/inflation-isnt-tamed-yet-the-loneliest-fed-governor-was-right-b23cc57d
Paid articlePaywall
How to Win the Unfinished Fight Against Cost-of-Living Shocks: Raising interest rates isn’t always the best way to tamp down rising prices.
bloomberg.com/news/articles/2024-10-07/how-to-win-the-unfinished-fight-against-cost-of-living-shocks
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CPI Surprise: The Bloomberg Close, Americas Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-10-10/cpi-surprise-the-bloomberg-close-americas-edition
US Inflation Hits Fed’s 2% Goal Early 2025 in Economists Survey: Economists see US inflation reaching the Federal Reserve’s target early next year while the ...
bloomberg.com/news/articles/2024-09-27/fed-s-preferred-price-gauge-seen-hitting-2-goal-in-early-2025
Trump’s promises would spike inflation and wipe out jobs, study finds: Trump’s promises would spike inflation and wipe out jobs, study finds
cnn.com/2024/09/26/business/trump-inflation-jobs-tariffs-economy/
Larry Summers Sees Fed Rate Projections Upended, Higher Mortgage Rates: Former Treasury Secretary Lawrence Summers said inflation will probably prevent the ...
bloomberg.com/news/articles/2024-09-19/summers-sees-fed-rate-projections-upended-higher-mortgage-rates
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Younger, Rural US Households Have Lower-Than-Average Inflation, NY Fed Says: Younger and rural US households, as well as those that are Hispanic ...
bloomberg.com/news/articles/2024-10-08/younger-rural-us-households-have-lower-than-average-inflation
Treasury Rout Stalls as Traders Look to CPI to Inform Fed Bets: The rout in US government debt extended slightly on Tuesday, with longer-dated yields at the ...
bloomberg.com/news/articles/2024-10-08/treasury-rout-stalls-as-traders-look-to-cpi-to-inform-fed-bets
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Jamie Dimon isn't making a big deal of the Fed interest rate cut: But the JPMorgan Chase CEO isn't sure inflation will go away so easily
qz.com/jpmorgan-dimon-fed-interest-rate-cut-fomc-decision-1851653714
Quick Glance: Dimon: Fed's Rate Cut Mostly Ignored by Americans
- JPMorgan Chase CEO Jamie Dimon stated that only 5% of Americans are aware of the Federal Reserve's interest-rate cut.
- He emphasized that this decision is not significant for most Americans and will have minimal impact on the upcoming U.S. elections.
- Surveys indicate that 61% of Americans expect to take financial actions due to falling interest rates, potentially reviving the housing market.
- Dimon expressed concerns about long-term inflation rates and geopolitical risks, viewing them as greater challenges.
What fueled this week’s record-breaking stock rally: The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets ...
cnn.com/2024/09/27/investing/stocks-records-pce-fed/
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
apnews.com/article/stock-markets-rates-inflation-powell-a64fe0c4c099fa2469a8a6a4441f1189
Quick Glance: Wall Street Hits Records Following Rate Cut
- Wall Street reached record highs after the Federal Reserve lowered interest rates, boosting global markets.
- The S&P 500 rose by 1.7%, while the Dow Jones jumped by 522 points to set new records.
- Analysts viewed the rate cut as an opportunity to control inflation without triggering a recession, despite ongoing labor market challenges.
- Global markets mirrored Wall Street's surge, with significant gains observed in Europe and Asia.
Janet Yellen Sees Housing Costs Coming Down, Enabling 2% Inflation: Treasury Secretary Janet Yellen said that inflation is on a path toward the Federal Reserve’s ...
bloomberg.com/news/articles/2024-09-26/yellen-sees-housing-costs-coming-down-enabling-2-inflation
More Americans file for unemployment benefits last week, but layoffs remain historically low
bostonglobe.com/2024/10/03/business/unemployment-benefits-last-week/
Fed's Powell set to speak as economists fret about a policy mistake, election risk
reuters.com/markets/us/feds-powell-set-speak-economists-fret-about-policy-mistake-election-risk-2024-09-30/
Inflation Is Finally Losing Its Power Over Markets: The stubbornness of services still needs grinding down, but the Fed has won this war of attrition.
bloomberg.com/opinion/articles/2024-10-11/inflation-is-finally-losing-its-power-over-markets
Paid articlePaywall
What a hot job market means for inflation: The US job market is still piping hot. That’s raising questions about how fast inflation will continue to cool.
cnn.com/2024/10/06/investing/jobs-inflation-fed/
Social security COLA increase 2025: How the rise affects you: The 2025 Social Security cost-of-living adjustment, or COLA increase, has been announced ...
sfchronicle.com/personal-finance/article/social-security-cola-increase-what-to-know-19821489.php
Quick Glance: Social Security Recipients Get 2.5% Increase in 2025
- Starting January 2025, millions of Social Security recipients will receive a 2.5% increase in their monthly benefits.
- This translates to an average boost of over $50 per month, which may not sufficiently address rising living costs.
- Social Security Commissioner Martin O'Malley acknowledged that while the adjustment offers some relief, many seniors continue to struggle financially.
- AARP urges Congress to take action to strengthen Social Security as presidential candidates propose differing plans for the program's future.
CPI Report Suggests the Fed Will Cut Rates By a Quarter Point at Next Few Meetings
barrons.com/articles/federal-reserve-interest-rates-jobs-inflation-economy-af17c8dd
Paid articlePaywall
Federal Reserve delivers super-sized half-point rate cut: The move reflects a changing moment in which elevated inflation is no longer the predominant economic ...
axios.com/2024/09/18/fed-rate-cuts
European Stocks Slip After US Inflation Print Tops Forecasts: European stocks fell on Thursday, as hotter-than-expected US inflation data overshadowed a sharp ...
bloomberg.com/news/articles/2024-10-10/european-stocks-edge-higher-ahead-of-us-data-gsk-shares-jump
Paid articlePaywall
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.
What does a Fed rate cut mean for the economy and consumers?: Whether the Fed can achieve what economists call a soft landing will be one of the most important ...
reuters.com/markets/us/what-does-fed-rate-cut-mean-american-households-2024-09-18/
Bowman Says Big Fed Cut Could Be Seen as Claiming Win Too Soon: Federal Reserve Governor Michelle Bowman said cutting interest rates by a half percentage point ...
bloomberg.com/news/articles/2024-09-20/fed-s-bowman-big-cut-could-be-seen-as-claiming-victory-too-soon
Inflation data to show whether prices continued cooldown: Inflation has fallen significantly but remains above the Fed's target of 2%.
abcnews.go.com/Business/inflation-data-show-prices-continued-cooldown/story
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.
Stock Markets Today: China stocks gain, French budget, US CPI due: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-10-10/stock-markets-today-china-stocks-gain-french-budget-us-cpi-due
Bostic Says Fed Aiming to Balance Risks to Both Inflation, Jobs: Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank must balance ...
bloomberg.com/news/articles/2024-10-08/bostic-says-fed-aiming-to-balance-risks-to-both-inflation-jobs
Fed’s Barkin Sees More Work to Do on Inflation: Richmond Federal Reserve President Thomas Barkin supported less restrictive interest rates ...
barrons.com/articles/federal-reserve-interest-rates-inflation-barkin-84497a27
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Stock Market Today: Dow, S&P Live Updates for October 11: Chinese stocks fell, underperforming their Asian peers as caution grows ahead of a key weekend briefing ...
bloomberg.com/news/articles/2024-10-10/stock-market-today-dow-s-p-live-updates
Paid articlePaywall
Inflation Runs Hot. Why Fed Rate Cut Odds Are Rising Anyway.: Hot consumer price index data won't derail a Nov. 7 Federal Reserve rate cut amid a surge in ...
investors.com/news/economy/cpi-inflation-september-jobless-claims-federal-reserve-sp-500/
Quick Glance: Inflation and Unemployment: Mixed Market Reactions
- Consumer prices unexpectedly rose 0.2% in September, with core inflation increasing to 3.3%, surpassing expectations.
- Initial jobless claims spiked by 33,000 to 258,000, indicating disruptions from Hurricane Helene and layoffs at Boeing.
- Market reaction leaned more towards the jobless claims spike, raising the likelihood of a Fed rate cut to 80%.
- The S&P 500 experienced a slight dip after reaching record highs, as markets await further economic indicators.
Why Fed rate cuts may juice the stock market and your 401(k): The Fed's interest rate cuts should continue to fuel the stock market as long as the economy avoids ...
usatoday.com/story/money/2024/09/23/fed-rate-cuts-stock-market-gains/75299659007/
Many small businesses teeter as costs stay high while sales drop: Despite the Fed's big rate cut and easing inflation, many small businesses are pinched by high ...
usatoday.com/story/money/2024/09/29/small-businesses-inflation-struggles/75405075007/
UK Inflation Steady at 2.2% Leaves Door Open for More Rate Cuts: UK inflation held at just above the Bank of England’s 2% target in August ...
bloomberg.com/news/articles/2024-09-18/uk-inflation-steady-at-2-2-leaves-door-open-for-more-rate-cuts
Fed Cuts Interest Rates by Half a Percentage Point: Live Updates: The Federal Reserve lowered interest rates by half a percentage point, its first cut to ...
nytimes.com/live/2024/09/18/business/fed-interest-rates
Why this famous recession predictor might be wrong this time: A closely watched indicator is signalling that the US is on track to avoid a recession ...
smh.com.au/business/markets/why-this-famous-recession-predictor-might-be-wrong-this-time-20240923-p5kcnf.html
Emboldened Fed lowers interest rates by half-point: The Federal Reserve cut interest rates by 50 basis points Wednesday, the central bank’s first rate reduction ...
thehill.com/business/4886438-federal-reserve-interest-rate-cut/
US PCE Aug 2024: Fed’s Favored Inflation Gauge, Consumer Spending Barely Rise: The Federal Reserve’s preferred measure of underlying US inflation and household ...
bloomberg.com/news/articles/2024-09-27/fed-s-favored-inflation-gauge-consumer-spending-barely-rise
Fed’s Bostic Says Large Cut Bolsters Labor Market, Pace Not Set: Federal Reserve Bank of Atlanta President Raphael Bostic said starting the central bank’s ...
bloomberg.com/news/articles/2024-09-23/fed-s-bostic-says-large-cut-bolsters-labor-market-pace-not-set
The Federal Reserve starts cutting interest rates in a big moment for the economy
npr.org/2024/09/18/nx-s1-5115909/federal-reserve-interest-rate-cut-inflation
Treasury Yields Rise as Fed Rate-Cut Hopes Fade Before CPI: US Treasury yields rose as traders nixed bets on additional Federal Reserve interest-rate cuts this ...
bloomberg.com/news/articles/2024-10-09/treasury-yields-rise-as-fed-rate-cut-hopes-fade-before-cpi
Guggenheim CIO Says Inflation of Up to 4% Could Be a New Normal: While price pressures have eased dramatically in the past two years, the war against inflation ...
bloomberg.com/news/articles/2024-10-08/guggenheim-cio-says-inflation-of-up-to-4-could-be-a-new-normal
MAGA Fans at JD Vance Rally Boo Rate Cut That Will ‘Alleviate Inflation’: The rally crowd was reacting to a reporter asking the Republican vice presidential ...
thedailybeast.com/maga-fans-at-jd-vance-rally-boo-rate-cut-that-will-alleviate-inflation
Paid articlePaywall
Inflation Cooled to 2.5% in August: The consumer-price index climbed 2.5% from a year earlier, teeing up the Federal Reserve to begin gradually reducing interest ...
on.wsj.com/3Xl2AmX
AI Could Help Solve Inflation, Federal Reserve Gov. Cook Says: Artificial intelligence could begin to play a much larger role in improving labor productivity ...
on.barrons.com/3BnSRF0
Yardeni Says Fed Cut Raises Odds of ‘Outright Melt-Up’ in Stocks: US stocks can soar to fresh highs thanks to the Federal Reserve’s aggressive half-point ...
bloomberg.com/news/articles/2024-09-23/yardeni-says-fed-cut-raises-odds-of-outright-melt-up-in-stocks
Michelle Bowman becomes first Fed governor to dissent since 2005: Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since ...
thehill.com/business/4887102-fed-governor-dissents-rate-cut/
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