Columbus, OH

Fox Business

Harvard economist Kenneth Rogoff argued that the Federal Reserve will have trouble getting inflation down to 2% without a recession.

Harvard economist says food prices are leaving him in 'state of shock'

ABC News

Donald Trump recently said the president should have a role in setting interest rates but some economists say that's a bad idea.

'Absolutely bad idea': Some economists oppose Trump's proposal on interest rates

Loretta Mester, former Cleveland Fed president and CNBC contributor, joins 'Money Movers' to discuss what to expect from the Federal Reserve, how the Fed thinks about the amount of rate cuts, and much more.

Fed will be moving rates down in September, says former Cleveland Fed president

Brent Schutte, Northwestern Mutual Wealth Management CIO, joins 'Money Movers' to discuss Schutte's views on a recession, how the CIO is positioned within equities, and if Schutte is modifying his portolio ahead of the general election.

Fed rate cuts may not help economy avoid recession, says Northwestern Mutual's Schutte

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in 2024.

The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

The Independent

 The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America's largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren't cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn't raise prices very much without losing business. “While inflation is down, prices are still high, and...

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

If you want to maximize your earnings with a certificate of deposit, now’s the time to snag one of today’s best CDs. The rates they offer are likely the highest you’ll find for a while. Annual percentage yields, or APYs, are currently as high as 5.25% for...

Best CD Rates Today -- Lock in a High APY While You Still Can, Aug. 27, 2024

Texas State

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.

Increased sausage demand could be worrying signal on the economy

Colorado State

Some years ago, Delaware was the first state to pass the U.S. Constitution. Now, a new report says that it’s also the best state to retire in. A study by Bankrate found that Delaware is the best place to retire in terms of affordability, climate, and cultural amenities. You might not think of it as a retirement haven.

In 2024, These Are the 10 Best Places to Retire in the United States

As we progress through 2024, discussions around U.S. economic growth and forecasts are becoming increasingly relevant. With the possibility of a “soft landing” or a mild recession on the horizon, many are keen to understand the current state of the U.S. economy. Several key indicators, including GDP growth rates and consumer spending trends, are being closely watched to gauge the economy’s health as we move into the latter half of 2024 and look ahead to 2025.

How Is the U.S. Economy Performing in 2024?

NBC News

The 10 worst states to retire in the U.S. No. 1 isn't California or New York

Since 2022, refinancing activity has gone down in response to surging mortgage rates. But with inflation normalizing and the Federal Reserve positioning itself to cut interest rates next month, mortgage rates should gradually decline. As that happens, more homeowners, especially those with high rates on their home loans, will benefit from a refinance.

Refinance Rates Slide Down Again: Mortgage Refinance Rates for Aug. 27, 2024

The basic version of the Mona M03 electric coupe starts at 119,800 yuan ($16,812), with a driving range of 515 kilometers (320 miles) and some parking assist features. A version of the Mona M03 with the more advanced "Max" driver assist features and a driving range of 580 kilometers will sell for 155,800 yuan.

Xpeng releases mass-market EV with basic driver-assist for less than $20,000

Black Enterprise

Some critics don't agree with Hope Bryant’s ideology. Operation Hope’s Founder John Hope Bryant wants homeowners to pay attention to the 40-year mortgage over the 30-year one, Fortune reports. In a new op-ed, Hope Bryant highlighted how the standard 30-year mortgage route for homeowners may no longer be...

John Hope Bryant Says The 40-Year Mortgage Is In and The 30-Year Mortgage Is Out

Rates will need to decline another percentage point to entice buyers, Freddie Mac says. Mortgage rates continued their slow descent this week. The 30-year FRM averaged 6.46% Thursday, according to Freddie Mac’s Primary Mortgage Market Survey. That is down from last week when it averaged 6.49% and significantly down from a year ago when it averaged 7.23%.

30-Year Fixed-Rate Mortgage Down Three Basis Points

NewsNation

The average contract rate on a 30-year fixed-rate mortgage dropped 27 basis points in the week of Aug. 2, to 6.55%.

U.S. mortgage rates see biggest drop in two years

Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August. Saxo Bank's Ole Hansen said copper's recent rally had been bolstered by renewed demand from hedge funds which had previously cut their exposure "during the recent and deep 24% correction."

Copper prices near six-week high as one strategist says the 'worst of the correction is over'

With no winner since early June, the Mega Millions jackpot has grown to $575 million ahead of Tuesday night's draw — its ninth largest ever. But don't expect to take home the full amount if you happen to beat the 1 in 302,575,350 odds of matching the numbers for all five white balls, plus the gold Mega Ball.

Mega Millions $575 million jackpot is its 9th highest ever—here's how much you'd take home after taxes in every U.S. state

Reuters

WASHINGTON (Reuters) - U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply.

A 25-basis-point cut by the U.S. Fed is 'all but cemented for September,' economist says

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