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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
Inflation falls to 2.4%, lowest in three years
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
Fed interest rate cut means borrowing money will get cheaper for customers
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.
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/
Call for Reserve Bank to go 'harder and faster'
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/
Economic outlook: Inflation is dead and the economy is healthy
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
Job growth surged in September as unemployment rate edged down
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/
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
Biden: Fed rate cut is "declaration of progress" on crushing ...
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
Jobs Report Gives Kamala Harris Another Boost
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
The Federal Reserve may have pretty much just hit its 2% inflation target
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/
US economy added a whopping 254,000 jobs last month
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/
Annual inflation rate drops to 2.4 percent, lowest since February 2021
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
Fed's go-to measure confirms slowing inflation
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.
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
Strong jobs report puts aggressive rate cuts by the Fed on ice
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
Unemployment dips to 4.1% as U.S. adds 254,000 jobs in September
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 filings for jobless benefits jump to the most in more than a year
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/
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/
Jamie Dimon backs Jerome Powell’s rate cut strategy
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/
Trump’s promises would spike inflation and wipe out jobs, study finds
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
Younger, Rural US Households Have Lower-Than-Average Inflation ...
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
Jamie Dimon isn't making a big deal of the Fed interest rate cut
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/
What fueled this week’s record-breaking stock rally
More Americans file for unemployment benefits last week, but layoffs remain historically low
bostonglobe.com/2024/10/03/business/unemployment-benefits-last-week/
More Americans file for unemployment benefits last week, but layoffs ...
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
Inflation Is Finally Losing Its Power Over Markets
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/
What a hot job market means for inflation
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
Social security COLA increase 2025: How the rise affects you
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.
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
Federal Reserve delivers super-sized half-point rate cut
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
Inflation data to show whether prices continued cooldown
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.
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
Bostic Says Fed Aiming to Balance Risks to Both Inflation, Jobs
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
Stock Market Today: Dow, S&P Live Updates for October 11
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/
Inflation Runs Hot. Why Fed Rate Cut Odds Are Rising Anyway.
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/
Why Fed rate cuts may juice the stock market and your 401(k)
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/
Many small businesses teeter as costs stay high while sales drop
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
Why this famous recession predictor might be wrong this time
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/
Emboldened Fed lowers interest rates by half-point
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
The Federal Reserve starts cutting interest rates in a big moment for the ...
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
MAGA Fans at JD Vance Rally Boo Rate Cut That Will ‘Alleviate Inflation’
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/
Michelle Bowman becomes first Fed governor to dissent since 2005