The Associated Press

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start...

Fed Chair Jerome Powell: US inflation is cooling again, though it isn’t yet time to cut rates

WASHINGTON (AP) — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Both trends, if they continued, will likely lead the Fed to cut its benchmark interest rate in...

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

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

ANDY MILLS (AM): The Federal Reserve has indicated they’ll probably do one interest rate cut this year, but with cooling consumer spending, do you see that thesis changing at all?. JIM THORNE (JT): Short-term money has a higher rate of interest than long-term money. The yield curve is inverted....

The Fed is already too late to cut interest rates and now a crisis is brewing, strategist says

The Federal Reserve is now attempting to avoid two risks—reignited inflation on one side and increased unemployment on the other. Chair Jerome Powell said Tuesday that a strong economy gives officials time to decide how to proceed. Other Fed officials said they are watching the labor market for signals...

Federal Reserve Officials Now See Balanced Risks in Fight Against Inflation

Business Insider

Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Staffers for Joe Biden have witnessed at least 15 incidents in the last year and a half “where the president has appeared like he did at that horror show” of a debate, Watergate reporter Carl Bernstein said this week. Biden’s performance at the June 27 debate has been...

Biden staffers have witnessed at least 15 incidents like ‘horror show’ debate in last two years, Watergate reporter claims

Record-high median home prices, elevated mortgage interest rates, and limited for-sale inventory, are reshaping the landscape of the U.S. real estate market and the cost of buying a home. For example, the average median home price in the U.S. reached an all-time high of $419,300 in 2023, according to National Association of Realtors (NAR).

Average Cost of Buying A Home in the U.S.

Hurricane Beryl, a Category 5 storm breaking June records, is making its way through the Caribbean. Severe weather events caused by climate change are increasing insurance premiums and causing companies to pull out of several states. As basic insurance plans do not cover damage caused by severe weather events, it...

What You Need to Know About Homeowners Insurance as Beryl Kicks Off Hurricane Season

It’s impossible to keep up with everything going on in financial markets and the economy these days. That’s where The 5, a new feature for Money & Markets Daily, comes in…. Let’s start your week off right by exploring the most significant trends and opportunities you need to...

The Fed’s “Inflation Gauge” Just Hit a 3-Year Low

Georgia State

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Perry, GA

Vanishing Georgia

Peggy Bramblette recently reached out to let us know that the historic New Perry Hotel, perhaps the best-known symbol of this Middle Georgia town, was facing possible demolition. A week passed and I was not surprised to learn that the demolition is imminent. I’ve witnessed a long history of developers convincing local politicians to agree […]

Historic New Perry Hotel Facing Demolition

The Department of Education on Monday enacted the highest interest rates on federal student loans since 2008. The previously announced interest rate only applies to student loans taken out in the 2024-2025 academic year. Rates are based on yields on 10-year Treasurys, which have been pushed up during the Federal...

Taking Out Student Loans? You'll Pay the Highest Interest in 16 Years

Earning the highest rates on savings and CDs usually requires going with smaller and medium-sized banks and credit unions. But a few big-name banks pay a respectable APY—if you shop around. An even more select group of large U.S. banks offer both a savings account rate in the 4-5%...

These Big Banks Pay the Best Savings Account Rates Right Now—With Good CDs, Too

Friday's monthly jobs report is expected to show that the U.S. economy added 200,000 jobs in June, down from the surprising growth reported in May, while the unemployment rate likely held stead at 4.0%. Economists are watching to see if government, health care, leisure and hospitality jobs continue to drive...

What To Expect From the Monthly Jobs Report Friday

USA TODAY

Fed Chair Jerome Powell said he wants to see more evidence inflation is falling sustainably to officials' 2% goal before cutting interest rates.

Powell says Fed waiting on rate cuts for more evidence inflation is easing

Newark, NJ

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

The Federal Open Market Committee (FOMC) released the minutes from its last meeting, which highlighted that the vast majority of participants said that the U.S. economic growth is gradually cooling. "The vast majority of participants assessed that growth in economic activity appeared to be gradually cooling, and most participants remarked...

'Several' Fed officials want more rate hikes if inflation persists, minutes show

The Hill

Federal Reserve Chair Jerome Powell said Tuesday the central bank needs to see better inflation readings before cutting interest rates and stimulating the economy despite “quite a bit of progress” toward price stability. “We want to be more confident that inflation is moving sustainably down toward 2 percent before we start the process of reducing…

Powell: ‘Quite a bit of progress’ on inflation, but not enough to cut rates

Shares of Royal Caribbean, Carnival, and Norwegian fell Monday as Hurricane Beryl forces cruises to reroute. Hurricane Beryl, a Category 4 storm, is the strongest-ever Atlantic hurricane in the month of June. Royal Caribbean's chief meteorologist warned of a dangerous hurricane season in a post on social media platform X.

Hurricane Beryl Hits Cruise Stocks

Unfortunately, the government doesn’t offer any debt relief programs for unsecured debts aside from bankruptcy. You may not be out of luck, though—free government debt relief programs do exist for specific types of debt like federal student loans, and you can find even more options for support in the form of grants and low-cost loans.

Are There Free Government Debt Relief Programs?

NewsBreak

Fed Minutes Show Officials See Inflation Slowing, Economy Cooling

The Federal Reserve held its influential fed funds rate at its current level when it met last month. Newly released minutes from that meeting showed officials...

Fed Minutes Show Officials See Inflation Slowing, Economy Cooling

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