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UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Why experts say inflation is relatively low but voters feel differently: Grocery prices are a key component of any household budget, and rising food prices can ...
npr.org/2024/04/25/1247177492/why-experts-say-inflation-is-relatively-low-but-voters-feel-differently
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Windmill blades of the Moulin Rouge collapsed: The windmill blades of the world-famous Paris cabaret Moulin Rouge, one of the symbols of the French capital ...
tageblatt.lu/headlines/windmuehlenfluegel-des-moulin-rouge-eingestuerzt/
US economic growth falls short of expectations with 1.6 percent annualized gain: U.S. economic growth dipped below 2 percent during the first quarter for the ...
thehill.com/business/4620410-us-economic-growth-falls-short-of-expectations-with-1-6-percent-annualized-gain/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
4.8 million euros for new charging stations in Luxembourg: 34 projects for 434 new charging stations throughout Luxembourg. The Ministry of the Economy presents ...
tageblatt.lu/headlines/48-millionen-euro-fuer-neue-ladestationen-in-luxemburg/
Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
Moderate price rises: Inflation in the eurozone falls to 2.4 percent: The time of drastic price rises for food and energy seems to be over and the rate of ...
spiegel.de/wirtschaft/inflation-in-der-eurozone-faellt-auf-2-4-prozent-a-6015a26a-7ff8-4e94-bdfc-c8dd9ce02554
Drunk drivers cause several accidents on Wednesday : With too much alcohol or cell phone behind the wheel - That ended for several drivers on Wednesday with a ...
tageblatt.lu/headlines/angetrunkene-fahrer-verursachen-am-mittwoch-mehrere-unfaelle/
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html
Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
2024 will be a new record year for sales of electric cars worldwide: Despite high inflation and increased raw material prices and despite canceled subsidies such ...
tageblatt.lu/headlines/2024-wird-neues-rekordjahr-fuer-verkaeufe-von-elektroautos-weltweit/
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
Increased police presence Marlène Negrini: “We want to be involved from the start” - Tageblatt.lu
tageblatt.lu/non-classe/marlene-negrini-wir-moechten-von-anfang-an-eingebunden-werden/
Sydney: At least five dead in shopping center attack Police do not rule out “terrorist” background - Tageblatt.lu
tageblatt.lu/non-classe/mehrere-menschen-in-einkaufszentrum-niedergestochen-es-soll-ein-todesopfer-geben/
Quick Glance: Bondi Junction Shopping Centre Stabbing Victims
- Faraz Tahir, 30, fatally stabbed while working as a security guard by Joel Cauchi, 40.
- Five women and one man were killed, including Tahir, 30.
- Victims identified include Faraz Tahir, Ashlee Good, Dawn Singleton, and Jade Young.
- Three individuals remain critical, eight are stable, and one victim has been discharged.
Curiosity: traffic offender flies through a speed trap: at 40 km/h through a 30 zone - Tageblatt.lu
tageblatt.lu/non-classe/verkehrssuender-fliegt-durch-radarfalle-mit-40-km-h-durch-30er-zone/
Police call for witnesses A 53-year-old motorcyclist died in an accident - Tageblatt.lu
tageblatt.lu/non-classe/ein-53-jaehriger-motorradfahrer-ist-bei-einem-unfall-toedlich-verunglueckt/
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
Inflation: Federal Statistical Office records an increase of 2.2 percent in March
spiegel.de/wirtschaft/statistisches-bundesamt-notiert-im-maerz-ein-plus-von-2-2-prozent-a-d74820c9-ede4-4e1d-a948-7f728ef03396
What the cost of insulin may mean for Biden's campaign: President Joe Biden frequently cites insulin prices as he promotes a $35 price cap for Americans with ...
apnews.com/article/biden-insulin-prices-cap-campaign-impact-f969191c3c5178c91cc973a1b89c2200
The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750
Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
- UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.
- Ocado and Lidl show the most improvements, while Morrisons has the largest gap.
- Hourly pay differences are reported by government service.
- Equality initiatives and workplace improvements at M&S and Co-op.
Bahnhofsviertel Mauerpinkler insults and hits police officers - Tageblatt.lu: Tageblatt.lu: Current news
tageblatt.lu/non-classe/mauerpinkler-beleidigt-und-schlaegt-polizisten/
No limit to how low the yen will go: TOKYO - Who needs Las Vegas or Macau when betting on how low the yen can go is the best game anywhere? It’s not where ...
asiatimes.com/2024/04/no-limit-to-how-low-the-yen-will-go/
More Malaysians seeking jobs in Singapore amid weakening ringgit, inflation: Recruiters
channelnewsasia.com/singapore/malaysians-working-jobs-ringgit-inflation-manpower-employment-4265736
Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
Social Security's COLA estimate rises. But seniors could struggle as inflation heats up.
usatoday.com/story/money/personalfinance/2024/04/10/2025-cola-estimate-higher-inflation-social-security/73272852007/
Vodafone: Will customers get their money back? Class action against provider: Last year, Vodafone tightened the price screw and millions of customers had to pay ...
t-online.de/digital/aktuelles/id_100392270/vodafone-bekommen-kunden-geld-wieder-sammelklage-gegen-anbieter.html
Milei trumpets quarterly budget surplus in TV address: President announces Argentina’s first quarterly fiscal surplus since 2008 during a televised speech ...
batimes.com.ar/news/argentina/milei-trumpets-quarterly-budget-surplus-in-argentina-tv-address.phtml
The Future of Space Resource Activities: International Collaboration and Sustainable Development
polanddaily24.com/the-future-of-space-resource-activities-international-collaboration-and-sustainable-development/business-tech/40802
Korean economy grows but public feels little effect : The surprise growth of the Korean economy in the first quarter of this year appears not to be felt by the ...
koreatimes.co.kr/www/biz/2024/04/126_373557.html
Today in Switzerland: A roundup of the latest news on Friday: Foreigners worried about a letter revoking their residency rights; Swiss salaries are higher but ...
thelocal.ch/20240426/today-in-switzerland-a-roundup-of-the-latest-news-on-friday-137
Vegetable prices to be elevated due to heat wave till June: Crisil: The Meteorological Department expects above-normal temperatures till June ...
financialexpress.com/policy/economy-vegetable-prices-to-be-elevated-due-to-heat-wave-till-june-crisil-3468832/
FTC chief says tech advancements risk health care price fixing: Price fixing removes competition from the market and generally makes goods and services more ...
bostonherald.com/2024/04/25/ftc-chief-says-tech-advancements-risk-health-care-price-fixing/
Cost of borrowing continues to rise – IMF: IMF advises the affected countries that adapting to these challenges requires a resolute package of strong domestic ...
monitor.co.ug/uganda/news/national/cost-of-borrowing-continues-to-rise-imf-4603202
Oil prices up over fall in US stockpiles and Middle East tensions: Decrease in US commercial crude oil stocks and tensions in Middle East support higher prices
yenisafak.com/en/news/oil-prices-up-over-fall-in-us-stockpiles-and-middle-east-tensions-3682072
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Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?
theguardian.com/australia-news/2024/apr/25/does-australias-higher-than-forecast-36-inflation-dash-hopes-for-an-interest-rate-cut
Social Security’s COLA formula could change under new proposal: Using a different index to measure Social Security’s cost-of-living adjustment could better ...
marketwatch.com/story/social-securitys-cola-formula-could-change-under-new-proposal-and-mean-higher-benefits-for-seniors-6922097c
Advanced Durable Goods Shipments March 2024: Pushing Fed Further To Sideline: Real Advanced Durable Goods Shipments grew by 0.28% in March, with growth in Real ...
seekingalpha.com/article/4685656-advanced-durable-goods-shipments-march-2024-pushing-fed-further-to-sideline
Paid articlePaid
Businesses urged to help as UK unemployment jumps: The number of people out of work rose higher than some economists were expecting
business-live.co.uk/economic-development/businesses-urged-help-uk-unemployment-29003255
BlackRock CEO Larry Fink is skeptical of the Fed's 2% inflation target: The BlackRock CEO says interest rates are still coming, but that the central bank’s ...
qz.com/blackrock-larry-fink-fed-rate-cuts-1851406856
Singapore keeps monetary policy unchanged as inflation risks linger: Singapore's central bank left its monetary policy unchanged on Friday, in line with ...
reuters.com/markets/asia/singapore-central-bank-keeps-monetary-policy-unchanged-2024-04-12/
Swedish Core Inflation Slower Than Expected as Rates Easing Approaches: Sweden’s underlying inflation rate fell more than expected in March, leaving the door ...
bloomberg.com/news/articles/2024-04-12/swedish-core-inflation-slower-than-expected-as-easing-approaches
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How criminal gangs are cashing in on crazy olive oil prices: From fake products to stolen goods, criminals are making the most of the rising cost of olive oil
metro.co.uk/2024/04/12/criminal-gangs-cashing-crazy-olive-oil-prices-20630801/
New 2025 Social Security COLA Estimate Released: The new prediction for 2025 is set at 3 percent due to higher-than-expected inflation numbers.
newsweek.com/new-cola-social-security-payment-estimate-1889525
Japan inflation to slow slightly, but cost-push pressures drag on consumption: Japan's annual core consumer price growth is expected to have slowed slightly ...
reuters.com/markets/asia/japan-inflation-slow-slightly-cost-push-pressures-drag-consumption-2024-04-12/
Why there is not about to be a house price boom: Getting a mortgage to buy a home is still not possible for vast numbers of people
inews.co.uk/opinion/why-not-house-price-boom-3001815
Overtime tax German cross-border commuters can be asked to pay retroactively for seven years - Tageblatt.lu
tageblatt.lu/non-classe/deutsche-grenzgaenger-koennen-fuer-sieben-jahre-rueckwirkend-zur-kasse-gebeten-werden/
Fossil fuels Luxembourg saves more gas than necessary - Tageblatt.lu: Tageblatt.lu: Current news
tageblatt.lu/non-classe/luxemburg-spart-mehr-gas-als-noetig/
UK passport cost: What’s the current price following second fee hike in just 14 months?
independent.co.uk/travel/news-and-advice/passport-cost-uk-price-rise-renew-application-b2526986.html
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