Columbus, OH

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

Jackson, WY

Lower federal interest rates could be coming as soon as next month, although Federal Reserve Chair Jerome Powell declined to commit to an exact date when speaking Friday at an economic symposium in Jackson Hole, WY. The Fed raised rates 11 times from March 2022 through July 2023, so this...

Fed chair signals possible rate cut ahead of September meeting

Roddy Allan, JLL Asia-Pacific chief research officer, says that excludes the Greater China market.

Asia-Pacific residential markets look 'relatively healthy,' JLL says

Markets Insider

There is talk of an emergency rate cut from the Fed following Monday's market meltdown, as Japan recovered most of its losses on Tuesday.

Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed

"The time has come for policy to adjust," Fed Chair Jerome Powell said at Jackson Hole, Wyoming, all but confirming an interest-rate cut in September.

Americans just got the biggest confirmation yet of an interest-rate cut next month — but the job market hangs in the balance

Las Vegas, NV

Zoreen Kabani was always passionate about style. "I love clothing, love fashion, love being coordinated," she says. She just didn't think she could make a career out of it. Kabani, 37, and now based in Las Vegas, spent the first decade or so of her career working in finance. In her native Pakistan, "it's still a point of expectation to be in some form of a traditional career path," she says. She was a financial analyst at Goldman Sachs then a banker and financial advisor at JPMorgan Chase.

37-year-old brings in more than $100,000 a month selling clothes on Whatnot: ‘Consistency is key’

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...

Best jumbo CD rates for September 2024

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NewsNinja

An Aldi shopper recently shared her disturbing experience with a moldy rice package from the supermarket, sparking debate. A TikTok user named @defonotlils posted a video on June 6 that quickly became popular, accumulating more than 674,600 views. In the video, she shares what happened after finding out about something.

This is why I don’t shop at Aldi: Woman can’t believe what she found in her packaged rice from Aldi

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

Buying a house in today's housing market isn't easy as asking prices are only getting higher, and mortgage rates continue to fluctuate. But despite those factors, some metro areas across the United States are actually friendly to those looking to buy this year. This month, Realtor.com released its report on the easiest and hardest housing markets for homebuyers right now.

10 U.S. housing markets where buyers have the most power right now: They're 'in a good position to negotiate,' expert says

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD...

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

Salem, OH

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Northern Kentucky Tribune

Every day, 8-year-old Emma sits in a small garden outside her grandmother’s home in Salem, Ohio, writing letters to her mom and sometimes singing songs her mother used to sing to her.

Thousands of parents die of overdoses; advocates say their kids need more help

The Federal Reserve is teetering on the brink of a critical decision—one that could either save the US economy from a looming recession or plunge it deeper into peril. The call for a supersized 50-basis point interest rate cut in September is growing louder, with financial heavyweight Nigel Green, CEO of deVere Group, leading the charge.

Fed must deliver 50-point rate cut in September to avert recession

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'

U.K. Prime Minister Keir Starmer on Tuesday told the nation that the upcoming October budget would be "painful," as he paves the way for government spending cuts to address a £22 billion ($29 billion) financing shortfall. Starmer said that the U.K.'s public finances were "worse than we ever imagined"...

UK PM Starmer warns of 'painful' October budget to tackle shortfall in public finances

For Fed watchers looking for signals, this one was about as clear as they come. “The time has come for policy to adjust,” Federal Reserve Chair Jerome Powell said during a speech at an economic symposium sponsored by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming.

Fed chair offers clearest sign yet of September rate cut

Houston, TX

In 2017, Leena Pettigrew was gifted her first houseplant — a golden Pothos, notoriously easy to care for — and killed it. Five years later, she tried again. She and her husband Marquise were redecorating their home in Houston, and they needed to fill its empty corners, she says. She drove to Lowes and bought a couple of succulents.

44-year-old's garage side hustle brings in $12,400 a month—it replaced her husband’s income

Fed Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. "The time has come for policy to adjust," the central bank leader said in his much-awaited keynote address at the Fed's annual retreat in Jackson Hole, Wyoming.

Fed Chair Powell indicates interest rate cuts ahead: 'The time has come for policy to adjust'

Chicago, IL

Fortune

In a Fortune exclusive, Chicago Fed president Austan Goolsbee discusses working with Jerome Powell, base rate cuts, and Fed independence.

Chicago Fed president warns falling inflation and high interest rates could make things worse

Gunmen in southwestern Pakistan killed at least 31 people in two separate attacks on Monday, with reports of other shootings and unrest across the same province, police and officials said. Twenty-three people were fatally shot after being identified and taken from buses, vehicles and trucks in Musakhail, a district in...

Gunmen kill at least 31 people in 2 separate attacks in restive southwestern Pakistan

NewsBreak

Bank of Japan to begin initial research to include wage trends in 'tankan' business survey

The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly \"tankan\" business survey to more accurately...

The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly "tankan" business survey to more accurately...

Bank of Japan to begin initial research to include wage trends in 'tankan' business survey

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