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

HuffPost

Led by Sen. Elizabeth Warren (D-Mass.), the senators say high rates may be contributing to higher prices for things like insurance.

Three Democratic Senators Urge The Federal Reserve To Cut Rates At Its Meeting This Week

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

Trump's vows to carry out a major deportation campaign is a stagflationary threat, Adam Posen told Bloomberg TV. The think tank expert says this would lead to a manufacturing-centered recession. Adding to inflation risk are also Trump's trade proposals, as he pledges to lift tariffs. Donald Trump's vow to initiate...

Trump's pledge to deport the most US workers in history could trigger recession and an inflation spike, economist says

Investing.com -- Investors trying to get a handle on the strength of the U.S. economy -- and the timing of Federal Reserve interest rate cuts -- will be looking closely at Tuesday’s retail sales data for May. Economists are expecting retail sales to have risen 0.3% month-on-month, after the...

U.S. economy on the path to a "Goldilocks" scenario in 2024 - Bank of America

Georgia State

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Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

Axios

The number of U.S. high school graduates is expected to peak in 2025 or 2026 and then decline for years to come — posing severe challenges to schools at all levels. Why it matters: Schools and colleges are closing, faculty members are being laid off, and districts are facing financial dilemmas — all as education is under political fire from every side.

Schools are bracing for the looming "enrollment cliff"

Texas State

Forecasts for Hurricane Beryl, currently weakening over the northern Yucatan Peninsula, put Texas in the crosshairs of a storm that has defied the odds for days. Why it matters: While storm track forecasts for Hurricane Beryl have been extremely accurate, intensity projections have consistently been off target, showing too little intensification and missing a round of strengthening shortly before it came ashore near Tulum, Mexico, on Monday morning.

Hurricane Beryl's increasing threat to Texas

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

President Biden's interview with ABC News' George Stephanopoulos will now air as a primetime special on Friday. Why it matters: The shift from the previously announced Sunday morning time slot reflects the urgency of the situation as Biden faces growing pressure from some Democrats to abandon his re-election bid in the wake of his lackluster debate performance.

ABC News shifts Biden's Stephanopoulos interview to Friday primetime

Illinois State

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Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

New York City, NY

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’

J. Souza

A fight between passengers marred the final night of a Carnival Cruise Line sailing on June 6th. The incident, which unfolded in the Lido Deck dining room onboard the Carnival Paradise, involved a group of women and resulted in thrown chairs and plates.

Cruise Ship Fight Near Buffet Captured on Camera, Passengers Banned for Life

Reuters

(Reuters) - Federal Reserve Chair Jerome Powell's testimony and U.S. inflation data top the agenda in the week to come, with U.S. banks reporting earnings and rate decisions due in New Zealand and South Korea.

Take Five: Banks and rates

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

CBS Boston

The U.S. jobs market cooled in June but remains solid, raising the odds that the Federal Reserve will be able to curtail inflation without pushing the economy into a downward spiral.Nonfarm payrolls rose by 206,000 jobs last month, in line with analyst forecasts, and unemployment edged up to a still-low 4.1% from 3.4% in early 2023 — its lowest in decades, according to the Labor Department's Bureau of Labor Statistics data.Numbers for the prior two months were downwardly revised, with May now showing 218,000 additional jobs instead of the previously reported 272,000 increase. April's count was also revised lower, to 108,000 from 165,000. Average...

Hiring in the U.S. slowed in June, raising hopes for interest rate cuts

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?

Bucks County Beacon

“[I]nvoking the favor and guidance of Almighty God,” the Constitution of the Confederate States of America composed by southern slaveholders in 1861 sought to “establish justice, insure domestic tranquility, and secure the blessings of liberty to ourselves and our posterity.” The authors of Project 2025, the latest playbook for restructuring the federal government in order to accomplish the policy goals of Christian Nationalists, similarly declare their manifesto will “decide America’s future” by securing their “God-given individual rights to live freely” and exercise dominion over others.

Legislating Inequality: The Christian Confederate Roots of Project 2025

The average 30-year fixed mortgage interest rate is 7.00% today, an increase of 0.08% over the last week. The average rate for a 15-year fixed mortgage is 6.47%, which is an increase of 0.12% from the same time last week. For a look at mortgage rate movement, see the chart below.

Lower Mortgage Rates Attract Buyers. Today’s Mortgage Rates on June 28, 2024

Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. Treasurys. The unemployment rate unexpectedly climbed to 4.1%, the highest level since October 2021. Economists expected the...

10-year Treasury yield falls after unemployment rate rises unexpectedly

NewsBreak

Fed officials said strains on lower income Americans are a \"significant concern\"

Federal Reserve officials discussed mounting financial strains on lower- to moderate-income consumers at its policy meeting last month, according to minutes released on Wednesday. Why it...

Fed officials said strains on lower income Americans are a "significant concern"

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