Columbus, OH

Markets Insider

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

Treasury Secretary Janet Yellen thinks the Federal Reserve could hit its 2% inflation target in 2025, with a soft landing well in her sights. Yellen told Yahoo Finance in an interview published Monday that she does “not see the basis” for a U.S. recession, pointing to the Fed’s caution around cutting interest rates too soon to avoid tipping the economy into the red as “the balancing act that they have.”

Janet Yellen says inflation will return to normal without a recession

Higher interest rates aren't a far-fetched prospect this year, as the risk of an inflationary rebound looms over the Federal Reserve, Rob Arnott said. The legendary investor is forecasting that inflation will be 3.5%-5% by the end of the year, he told Bloomberg TV. The higher the number, the lower the chances of a rate-cutting cycle, he outlined.

What rate cut? The Fed's next move could be a hike if inflation stays stubbornly high, legendary investor says

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Chicago Star Media

The US Federal Reserve's favored measure of inflation eased slightly in May, according to government data published Friday, as goods prices cooled. The data provide the US central bank with further evidence that its fight against inflation is back on track after a small uptick in the annual inflation rate in the first quarter of the year.

US Fed's favored inflation measure cools slightly in May

TheStreet

Here's what could happen to the U.S. economy next.

Wall Street analyst unveils startling prediction about the economy

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are expected to fall this year, but they might not drop enough to improve affordability.

Mortgage Interest Rates Today, June 26, 2024 | How Much Will Rates Drop This Year?

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Missouri State

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CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

BEIJING (Reuters) - China urged the United States on Friday to stop tolerating and supporting "provocations" by the Philippines, after Deputy Secretary of State Kurt Campbell expressed concern about Beijing's "destabilizing actions in the South China Sea". China and the Philippines have recently traded accusations over "dangerous and illegal maneuvers"...

China urges U.S. to stop supporting the Philippines' 'provocations'

Anika Jindal

A subtle sign of low intelligence is an inability to understand or appreciate complexity. People with low intelligence may have difficulty understanding abstract concepts or thinking outside the box. They may also be more likely to believe simplistic explanations or conspiracy theories.

12 Subtle Signs Of Low Intelligence

Virginia State

Margaret Minnicks

Many new laws become effective in Virginia on July 1, 2024. However, a law has always existed in Virginia, but some residents might not be aware of it. According to WSET, leaving grass clippings and other debris on Virginia roads is illegal.

It is illegal to leave grass clippings and other debris on roads in Virginia

Fox Business

The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.

Inflation measure closely watched by the Fed rises 2.6% in May

Reuters

NEW YORK (Reuters) - U.S. stock futures and the dollar rose in early Asian trading on Friday as 2024 presidential election candidates Joe Biden and his predecessor Donald Trump sparred in their first debate, with Trump viewed as putting in a stronger showing than his opponent.

US stock futures, dollar rise after Biden-Trump debate

(Reuters) - A $4.7 billion U.S. verdict against the National Football League over the cost of its "Sunday Ticket" broadcast package could reshape how games are distributed — if it holds up. The blockbuster June 27 verdict could be tripled under antitrust law to more than $14 billion, but...

Explainer-What’s next after NFL loses $4.7 billion ‘Sunday Ticket’ trial

WASHINGTON (Reuters) - U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year. The report from the Commerce Department...

US inflation cools in May, boosting hopes of Fed rate cut

WASHINGTON (Reuters) -The Biden administration will expand deportation relief and work permits to an estimated 309,000 Haitians in the country already, the U.S. Department of Homeland Security said on Friday. The administration will expand access to the Temporary Protected Status program to Haitians through February 2026 due to violence and...

U.S. offers deportation relief to further 309,000 Haitians

The stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research. The Wall Street veteran pointed to the strong performance of stocks so far this year, with the S&P 500 up 15% in 2024. However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.

A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says

The HD Post

CALIFORNIA – Governor Gavin Newsom announced, June 28, that 1,700 first-generation homebuyers have been conditionally approved for the Dream For All (DFA) Shared Appreciation Loan program.

CalHFA issues all 1,700 vouchers for down payment assistance program

(Reuters) -U.S. Federal Reserve officials got encouraging data on Friday suggesting inflation is cooling, news that helped ease doubts over how well monetary policy is doing its job after stronger-than-expected price increases earlier in the year.

Fed gets heartening inflation data, but slow road ahead

NewsBreak

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

WASHINGTON (Reuters) - Inflation in the U.S. \"appears to be narrowing\" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta...

WASHINGTON (Reuters) - Inflation in the U.S. "appears to be narrowing" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta...

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

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