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WATCH LIVE: White House holds news briefing ahead of interest rate decision by Federal Reserve
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
The 3.5 Percent Inflation Plateau
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U.S. Economic Growth Slows to 1.6%: U.S. economic growth slowed in the first part of the year, falling short of economists’ expectations.
on.wsj.com/3UypAig
U.S. Economic Growth Slows to 1.6%
Quick Glance: Disappointing Q1 Economic Growth and Implications
  • The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.

  • Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.

  • Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.

  • The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
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Why Do Millennials Feel Compelled To Write 'Lol' After Everything?: "I’ve transitioned to ‘haha’ instead of ‘lol’ because I read that 'lol' is millennial-coded."
huffpost.com/entry/why-do-millennials-write-lol-after-everything_n_6622dd3be4b0167f7bf4e2d0
Why Do Millennials Feel Compelled To Write 'Lol' After Everything?
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U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
U.S. economy grew at 1.6% annualized rate in first quarter
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Inflation Past Keeps Markets Guessing on What's Next: Traders were spooked as first-quarter core inflation came in worse than expected ...
bloomberg.com/opinion/articles/2024-04-25/inflation-past-keeps-markets-guessing-on-what-s-next
Inflation Past Keeps Markets Guessing on What's Next
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A photographer documented Black cowboys across the U.S. for a new book: NPR's A Martinez speaks with photojournalist Ivan McClellan about his new book ...
npr.org/2024/04/24/1246716227/black-cowboy-culture-ivan-mcclellan-photographer-8-seconds-book
A photographer documented Black cowboys across the U.S. for a new book
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Homeowners Get Good News Over Mortgage Rates: Mortgage rates are likely to come down to 6 percent by next year, Moody's Ratings experts predict.
newsweek.com/homeowners-good-news-mortgage-rates-1893775
Homeowners Get Good News Over Mortgage Rates
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Wall St loses over 1% amid fading rate-cut hopes: U.S. stocks slumped on Thursday as most megacaps fell after Meta Platforms' quarterly results ...
reuters.com/markets/us/futures-falter-meta-platforms-weighs-megacaps-2024-04-25/
Wall St loses over 1% amid fading rate-cut hopes
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Confounding US economic, inflation data cloud Fed's rate path: The Federal Reserve's latest financial stability report was good news for anyone worried that a ...
reuters.com/markets/us/confounding-us-economic-inflation-data-muddy-feds-rate-path-2024-04-25/
Confounding US economic, inflation data cloud Fed's rate path
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Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Mortgage demand falls again as interest rates soar past 7%
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Building interest rates are rising again: How expensive will it be to build a house?
faz.net/aktuell/finanzen/bauzinsen-steigen-wieder-wie-teuer-wird-der-hausbau-19677969.html
Building interest rates are rising again: How expensive will it be to ...
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Slow, but solid US economic growth anticipated in Q1; inflation likely heats up: U.S. economic growth likely slowed to a still-solid pace in the first quarter ...
reut.rs/3WeBxe5
Slow, but solid US economic growth anticipated in Q1; inflation likely ...
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Traders Add Bets That Fed to Skip Interest-Rate Cuts This Year: Traders in the US interest-rates market have started to put on wagers that the Federal Reserve ...
bloomberg.com/news/articles/2024-04-23/traders-add-bets-that-fed-to-skip-interest-rate-cuts-this-year
Traders Add Bets That Fed to Skip Interest-Rate Cuts This Year
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Gold little changed as spotlight shifts to US data: Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased ...
reuters.com/markets/commodities/gold-prices-rangebound-traders-focus-us-economic-data-2024-04-24/
Gold little changed as spotlight shifts to US data
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JPY/USD: Why the Yen Is So Weak and What That Means for Japan: The yen continues to languish near a 34-year low against the dollar, mainly because interest rates ...
bloomberg.com/news/articles/2024-03-21/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake
JPY/USD: Why the Yen Is So Weak and What That Means for Japan
Quick Glance: Why the Yen is Weak and Its Impact on Japan
  • The yen remains near its historic low against the dollar due to lower interest rates in Japan compared to the US and elsewhere, diminishing the currency's allure.

  • The BOJ raised interest rates for the first time in 17 years, affecting the Japanese economy, businesses, and consumers positively and negatively.

  • A weak yen benefits large Japanese companies with global operations but burdens consumers with more expensive imports of energy and food.

  • Investors and economists are divided on the BOJ's future rate hikes, while the government may intervene to support the currency.
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Why the Fed keeping rates higher for longer may not be such a bad thing: It's a tough case to sell that higher interest rates today are having a substantially ...
cnbc.com/2024/04/24/why-the-fed-keeping-rates-higher-for-longer-may-not-be-such-a-bad-thing.html
Why the Fed keeping rates higher for longer may not be such a bad thing
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Higher interest rates are rippling through the market again: Borrowers from homebuyers to the federal government are seeing their costs surge.
axios.com/2024/04/23/interest-rates-higher-for-longer
Higher interest rates are rippling through the market again
Quick Glance: McConnell Attributes Delay in Crucial Ukraine Aid to Tucker Carlson and Trump
  • Mitch McConnell celebrated new U.S. aid to Ukraine and blamed Tucker Carlson and Donald Trump for the delay.

  • McConnell emphasized the importance of Ukraine aid, criticized Carlson and Trump for the delay, and praised the expected passage of the bill.

  • He expressed support for Ukraine aid and highlighted the significance of supporting freedom-loving countries globally.

  • McConnell expressed optimism about the GOP Senate nominees and confidence in winning the majority to transition into the role of majority leader.
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Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed rate cut: Stocks tumbled on Thursday, dragged down by growth stocks after dour quarterly ...
nypost.com/2024/04/25/business/dow-tumbles-nearly-700-points-as-new-inflation-fears-dent-hopes-of-fed-rate-cut/
Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed ...
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Indonesia Rates: Risky Bid for Monetary Leadership Against the Dollar: A shock rate hike is all about the local currency, not the economy. Other Asian countries ...
bloomberg.com/opinion/articles/2024-04-25/indonesia-rates-risky-bid-for-monetary-leadership-against-the-dollar
Indonesia Rates: Risky Bid for Monetary Leadership Against the Dollar
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Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
barrons.com/articles/gold-central-banks-china-treasuries-federal-reserve-emerging-markets-948ed914
Gold Continues to Boom. The Major Buyer: Central Bankers
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Climate change, stifled mergers and other challenges facing banks and investors: Institutions and their investors are facing pressure from climate activists ...
americanbanker.com/news/climate-change-stifled-mergers-and-other-challenges-facing-banks-and-investors
Climate change, stifled mergers and other challenges facing banks and ...
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Fed rates outlook: June cut on deck as job market weakens: Hiring activity could see a substantial slowdown later in the year, Citi economist Veronica Clark said ...
businessinsider.com/fed-rate-cuts-outlook-june-job-market-unemployment-economy-recession-2024-4
Fed rates outlook: June cut on deck as job market weakens
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A Strong Economy Doesn’t Necessarily Make the Fed’s Job Harder: The past year has shown that it is possible to have a rapid decrease in inflation along with low ...
trib.al/Ta728iH
A Strong Economy Doesn’t Necessarily Make the Fed’s Job Harder
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Will the Fed cut rates this year?: Recent economic data have shown inflation stubbornly above the Fed's 2% target, putting rate cuts in jeopardy ...
bondbuyer.com/leaders/will-the-federal-reserve-cut-rates-this-year
Will the Fed cut rates this year?
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The Fed's manipulation of debit card interchange fees must stop: The Federal Reserve's new proposal to lower the cap on debit card fees will drive up the prices ...
americanbanker.com/opinion/the-feds-manipulation-of-debit-card-interchange-fees-must-stop
The Fed's manipulation of debit card interchange fees must stop
Profile picture of Bloomberg
JPY/USD: Why the Yen Is So Weak and What That Means for Japan: The yen continues to languish near a 34-year low against the dollar, mainly because interest rates ...
bloomberg.com/news/articles/2024-03-21/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake
JPY/USD: Why the Yen Is So Weak and What That Means for Japan
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StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
StanChart Tells Clients Craving Oil, Copper to Beware Inflation
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Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain: Bank Indonesia defied expectations and raised its benchmark interest rate to a record high to help ...
bloomberg.com/news/articles/2024-04-24/indonesia-raises-key-rate-to-lift-rupiah-from-pandemic-era-lows
Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain
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Disinflation uncertainty could push interest rate cuts to 2025: The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on ...
mg.co.za/business/2024-04-23-disinflation-uncertainty-could-push-interest-rate-cuts-to-2025/
Disinflation uncertainty could push interest rate cuts to 2025
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Timber Prices Plunge Hugely: Global Lumber Prices Drop 20%: Lumber prices on the world market fall by 20 percent in just 4 weeks. This means that lumber costs ...
agrarheute.com/energie/holz/holzpreise-stuerzen-gewaltig-ab-globale-bauholzpreise-fallen-um-20-619465
Timber Prices Plunge Hugely: Global Lumber Prices Drop 20%
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Charles move left ‘furious’ Harry ‘in tears’: Prince Harry was left “furious” and “in tears” after his father decided to evict his family from Frogmore Cottage ...
news.com.au/entertainment/celebrity-life/royals/prince-harry-furious-in-tears-over-king-charles-decision/news-story/cf2233850121b9d243f4ead9abb51ac7
Charles move left ‘furious’ Harry ‘in tears’
Quick Glance: Meghan Markle's Podcast Delayed until 2025 - Issues with Schedule
  • Meghan Markle's podcast with Lemonada Media has been delayed until next year, as reported by sources.

  • The company is struggling to launch the podcast to avoid overshadowing by the Duchess's new Netflix project.

  • The couple signed a lucrative $100 million Netflix deal and have two new series in early production stages.

  • Markle is currently focusing on her new brand and Netflix series centered around cooking and polo.
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Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
Stock market sell-off has 'further to go,' JPMorgan warns
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Tesla cuts its car prices around the world after week of turmoil for the company: The company dropped its starting prices of its Model X, Model Y and Model S by ...
npr.org/2024/04/21/1246256484/tesla-car-price-cuts-elon-musk-cybertruck
Tesla cuts its car prices around the world after week of turmoil for the ...
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US debt will stoke a financial crisis, billionaire Leon Cooperman says: "Deficits matter, and I think we're headed into a financial crisis in this country ...
businessinsider.com/us-financial-crisis-national-debt-deficit-leon-cooperman-billionaire-omega-2024-4
US debt will stoke a financial crisis, billionaire Leon Cooperman says
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To fight inflation, we should look for ways beyond the Fed’s policies: The obvious problem is that almost total reliance on the Fed to defeat inflation by ...
thehill.com/opinion/4611543-to-fight-inflation-we-should-look-for-ways-beyond-the-feds-policies/
To fight inflation, we should look for ways beyond the Fed’s policies