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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Jackson, WY

Fed Chair Jerome Powell will deliver his policy speech at 10 a.m. ET from the central bank's annual conclave in Jackson Hole, Wyoming. For all the attention being paid to the presentation, the chances of it containing any startling news seem remote. In previous years, Powell has used Jackson Hole...

Here's everything to expect from Fed Chair Powell's speech Friday in Jackson Hole

Connecticut Public

Federal Reserve chairman Jerome Powell says he's increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting interest rates next month. Speaking at one of the most closely-watched annual gatherings of global central bankers in Jackson Hole, Wyo., Powell noted that inflation...

'The time has come' to lower interest rates: Fed Chair Jerome Powell

Reuters

WASHINGTON (Reuters) - Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards.

Fed officials uneasy about job market as they get ready for Jackson Hole

Kiplinger

Sentiment turned cautious ahead of Fed Chair Powell's highly anticipated speech Friday at the Jackson Hole Economic Symposium.

Stock Market Today: Stocks Drop Ahead of Powell's Jackson Hole Speech

Target (TGT) added to good news about the state of the U.S. consumer, emerging from a long sales slump and boosting its profit forecast; the Federal Open Market Committee (FOMC) publishes minutes from its July meetings today, giving investors another read on an expected September interest-rate cut; shares of JD.com (JD) are sinking in premarket trading after Walmart (WMT) sold its stake in the Chinese e-commerce giant for a reported $3.6 billion; China has launched an anti-subsidy investigation into dairy imports from the European Union (EU); and Netflix (NFLX) shares are in focus after a huge jump in ad sales drove its stock to a record high Tuesday. U.S. stock futures are edging higher ahead of the Federal Reserve meeting minutes after the benchmark S&P 500 index ended a streak of eight straight winning sessions yesterday. Here’s what investors need to know today.

5 Things to Know Before the Stock Market Opens

Quitman, MS

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Clarke County, MS

Mississippi News Group

Written with artificial intelligence assistance. Memory Smith, a former bookkeeper for Quitman High School, has been charged with embezzlement following an investigation by the State Auditor’s office.

Former High School Bookkeeper Charged with Embezzlement in Clarke County

TheStreet

Traders are betting that cooler jobs data and fading inflation pressures will lead to an outsized Federal Reserve interest-rate cut next month.

Fed Chair Powell's Jackson Hole speech might disappoint markets

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

CBS News

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  The mortgage market has been operating in a high-rate environment for the last several years, largely due to the Federal Reserve's aggressive monetary policy aimed at combating inflation. After a series of rate hikes, the Fed's benchmark rate has remained at a 23-year high for the past year, significantly impacting borrowing costs across the board, including mortgage rates. However, recent economic indicators suggest a potential shift in this landscape.Inflation has been cooling over the last four months and the...

Here's what Powell's Jackson Hole comments mean for mortgage rates

NewsNinja

"What am I supposed to do? Walk out holding it?". Too much trash is a big issue in the United States. Consequently, both local governments and businesses are searching for methods to decrease the use of materials to lessen the quantity of waste generated.

Chick-fil-A's customer gets charged for a bag. ‘"What’s next?" she asks

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Markets Insider

"They moved strongly enough and vigorously enough to keep expectations anchored," the former Treasury Secretary said.

The Fed has redeemed itself after an 'egregious' post-COVID inflation error, former Treasury Secretary Larry Summers says

Salem, OH

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

Jacksonville, FL

Jacksonville Today

A permanent marker will be erected to honor the victims of the racist mass shooting nearly a year ago at a Dollar General store in the New Town community. City Council approved the marker 17-0 on Tuesday night.

Marker will honor victims of racist Dollar General shooting

"A possible hawkish surprise might be highlighting instead that broad financial conditions are still quite easy," Goldman Sachs said.

Here's how Jerome Powell could surprise markets with his Jackson Hole speech

Georgia State

Appling County, GA

Daily Coffee Press

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

Jerome Powell has said he loses sleep over whether he can successfully steer the US economy to a soft landing, cooling inflation without tipping into recession. The Federal Reserve chairman may rest easier in Jackson Hole, Wyo. this week, where he’s headlining the central bank’s annual Grand Teton confab.

‘They are getting what they wanted’: Fed officials head to Jackson Hole

Denver, CO

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

NewsBreak

Powell Confirms Federal Reserve Pivot To Rate Cuts At Jackson Hole

Update, Aug 23, 2024: This article has been updated with additional information from Powell's speech. In a major policy speech, Federal Reserve Chair Jerome Powell said...

Powell Confirms Federal Reserve Pivot To Rate Cuts At Jackson Hole

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