City Powell, county Jerome Financial News

14.08 / 13:25

COST UPS Food Department US consumer inflation records smallest annual rise since 2021; up 2.9% YoY

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates. The consumer price index (CPI) rose 2.9 percent last month from a year ago, the Labor Department said in a statement, while a measure that strips out volatile food and energy costs cooled to an annual rate of 3.2 percent. This was slightly lower than the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

09.08 / 18:36

markets Action economy President show reports shock Economists expect Fed to ignore jumbo rate cut calls

A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September — a finding that’s at odds with calls from some large Wall Street banks for a jumbo cut at the next meeting.

06.08 / 19:14

markets UPS security economy community reports Markets are counting on the Fed to head off recession with sizeable interest rate cuts

In the market's eyes, the Federal Reserve finds itself either poised to head off a recession or doomed to repeat the mistakes of its recent past — when it was too late seeing a coming storm.

06.08 / 00:30

markets Waves Fox economy President gatherings International Legendary market watcher predicts surprise Fed rate cut

The Socioeconomic Theory of Finance author Robert Prechter analyzes todays economic environment on Cavuto: Coast to Coast.

05.08 / 17:33

markets Strategy economy trends stage country reports Claudia Sahm, the creator of recession indicator Sahm Rule says, the U.S is very close to recession

Federal Reserve economist Claudia Sahm has expressed concerns that while the US isn't currently in a recession, it is alarmingly close. She predicts that central bank policymakers might need to adjust their strategies in response to the increasing risks. On Bloomberg Television’s Bloomberg Surveillance program, Sahm commented on the unexpected rise in the unemployment rate in July’s employment report, noting that this trend is historically consistent with the early stages of a recession. Although she acknowledged that the US might not be in a recession yet, the situation is precariously close. The report revealed a significant slowdown in US hiring and an increase in the unemployment rate to 4.3%. This caused the three-month moving average to exceed the 12-month low by half a percentage point, activating the Sahm Rule. Sahm developed this statistical measure to guide fiscal policymakers on when to stimulate the economy to counteract a recession.

05.08 / 03:33

markets Target Action economy information reports The US Fed’s actions can inform RBI policy but mustn't drive it

There is more than one way to skin a cat," goes an old English proverb, which means that there are many ways to accomplish the same task. In central bank-speak, the equivalent would perhaps be: “There is more than one way to effect a soft-landing," that holy grail of central banks the world over. For, going by their actions, especially in recent times, there is no single path to getting there.

04.08 / 23:27

markets Target Fox Apple show reports Elon Musk says Fed 'foolish' for not cutting interest rates yet

Washington Post editorial writer and columnist Heather Long discusses the Federal Reserve's management of rate cuts and the impact of the July jobs report.

04.08 / 20:07

economy Election WhatsApp social Elon Musk says Federal Reserve foolish not to have cut interest rates

Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already. Musk's comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.

03.08 / 04:28

markets Citi JPMorgan Citigroup Cycling band show JPMorgan, Citi See Two Half-Point Rate Cuts This Year

Federal Reserve easing cycle based on the latest evidence that the labour market is cooling. Economists at Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase revamped their forecasts for US monetary policy Friday after data showed the US unemployment rate rose again in July, calling for earlier, bigger or more interest-rate cuts. Economists at Citigroup — already among the most aggressive in calling for the Fed to cut interest rates this year — said they expect half-point rate cuts in September and November and a quarter-point cut in December, having previously predicted quarter-point cuts at all three meetings. The Fed will then reduce rates by a quarter point at each meeting until mid-2025, bringing the policy band to 3%-3.25%, Veronica Clark and Andrew Hollenhorst predicted.

02.08 / 21:06

markets UPS DOW Apple economy reports Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

02.08 / 16:20

markets UPS economy Research President reports Department rate cut bets Dollar hits four-month low as weak jobs data boosts rate cut bets

employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours. Employers added 114,000 jobs, below expectations for an increase of 175,000. The unemployment rate rose to 4.3%, above economists expectations that it would be unchanged on the month at 4.1%.

02.08 / 15:11

markets UPS wellness reports Department Headlines Fed rate cuts loom large after weak jobs data

Employers added just 114,000 jobs in July, the U.S. Labor Department reported, and the unemployment rate rose to 4.3%. The data pointed to an unexpected deterioration in the labor market that had held up surprisingly well during the Fed's aggressive rate-hike campaign.

02.08 / 13:23

markets DOW Boeing NVIDIA reports Is there a fear of recession in the U.S? Here's all you need to know

Federal Reserve did not cut the bank rates and kept them at their highest levels in two years, indices of major stock exchanges tumbled, sending strong signals of approaching recession Thursday, reports CNBC. While 30-stock Dow Jones fell 494.82 points, or 1.21%, to end at 40,347.97, the S&P 500 slipped 1.37% to end at 5,446.68. Similarly, the Nasdaq Composite lost 2.3% to settle at 17,194.15. Besides, other data also triggered the general apprehension of an impending recession that the US economy is heading to. While unemployment data continued to rise and reached its highest level since August 2023, the ISM manufacturing index, came down at 46.8%. The barometer of factory activities in the US is at its worst level, further signaling economic contraction. The 10-year Treasury yield followed these parameters and dropped below 4% for the first time since February 2024.

02.08 / 11:15

markets COST Provident Dreams reports Interest rate cuts are on the horizon, but high mortgage rates could be here to stay

UBS Private Wealth Management managing director Alli McCartney explains how the Fed's messaging could affect the market on 'Making Money.'

02.08 / 02:24

Target Ball economy Election Intuit rights Relationships The high political stakes of Fed interest-rate cuts

Stipulate that Federal Reserve Chairman Jerome Powell isn’t trying to throw the Fed behind one candidate or another in November’s presidential election. There’s still political danger for Mr. Powell and the central bank lurking in the September interest-rate cut Fed officials are priming investors to expect.

01.08 / 22:25

COST UPS Target economy rowing The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recovers

The Czech Republic’s central bank has cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected

01.08 / 21:57

markets DOW Manufacturing Platform economy show reports Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth

01.08 / 16:37

Altcoins solana Price Prediction Solana Price Crashes After FOMC Bombshell: Is a Rebound Possible?

The Solana price has plunged by 8% today after the Federal Reserve held interest rates steady yesterday.

01.08 / 16:15

markets Progressive Cycling show track Features Fed rate cut trajectory is a hot topic on earnings calls

The Federal Reserve is a hot topic this week for global investors trying to time interest-rate cuts. It’s also — unusually — a prominent feature on Corporate America’s post-earnings conference calls.

01.08 / 16:07

fed rate cut Bitcoin Whale Bitcoin Whales Accumulate $5.4B in July Reaching Decade High

Two-way price volatility saw Bitcoin whales accumulate $5.4 Billion of BTC in July, capitalizing on market lows in the fastest scoop-up in a decade.

01.08 / 15:33

markets UPS Progressive Extreme economy show Geopolitical tensions Dollar gains on geopolitical tensions, pound slips after rate cut

Bank of England cut interest rates from a 16-year high. Concerns about a widening conflict in the Middle East intensified this week after Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran on Wednesday morning, an attack that drew threats of revenge on Israel.

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