TheStreet

The Fed won't cut rates on Wednesday, but it's next move is getting closer.

Fed to signal timing of first interest rate cut as inflation slows

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

Markets Insider

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk," Bill Dudley wrote.

It may already be too late for the Fed to stop a recession, former central bank president says

USA TODAY

GDP surprised economists who expected lower growth last week. Here's the latest economic news that could impact the Fed's interest rate decision.

Here's where the economy stands as the Fed makes its interest rate decision this week

Florida State

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Akeena

Wow, that's a tough situation for UKG employees in Florida. Imagine gearing up for a holiday weekend and then getting blindsided with news of massive layoffs. It's not just the number—2,200 employees, which is 14% of their workforce—but also how abruptly it was done, right before the Fourth of July.

Thousands of workers in Florida laid off by a major company

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Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Birmingham, AL

Valrico, FL

In a recent announcement, The Fresh Market, a beloved grocery chain in Florida, is bidding farewell to its Valrico location. The store, located in one of the fastest-growing areas of the U.S., has cited uncontrollable inflation as a driving force behind its closure, echoing broader economic challenges impacting even higher-end retailers.

A grocery chain in Florida is unexpectedly closing down

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

North Carolina State

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Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

The Tweet was the first thing that caught our attention. When Mark Zandi, co-founder of Economy.com and chief economist for Moody’s Analytics, makes a statement on the Federal Reserve’s rate cut policy, it’s impossible (apparently) to just scroll on past it. In the Tweet, Zandi referenced a...

Optimal Inflation Policy Should “Largely Ignore” Housing, Says Minneapolis Fed

Denver, CO

David Heitz

Denver Mayor Mike Johnston has become nationally known for moving more than 1,600 homeless people indoors since he has become mayor. Now he wants to place 200 people struggling with mental illness and/or addiction into treatment, according to an upcoming City Council committee agenda.

Denver mayor to send 200 people experiencing homeless to treatment

Bucks County Beacon

Most Americans want Donald Trump to drop out of the race. Most Americans believe Trump is dishonest. Most Americans reject Trump’s vision for the country. And most Americans don’t trust Trump to handle a crisis.

AP-NORC Poll: About 60 Percent of Americans Want Trump to Withdraw from Presidential Race

A man peacefully sitting with his son in his car in their church parking lot was assaulted by a Denver police officer in June 2019 and will receive a $75,000 settlement. The payoff appears on the Denver City Council agenda for Monday. The item is on the consent calendar. Items on the consent calendar are considered routine and generally pass in a block vote without discussion.

Man hit in face by Denver police officer to receive $75,000 settlement

TheConversationAU

The inflation figure due to be released today is different than most. It’s focusing the minds of politicians as well as economists.

Inflation has been falling for the past five quarters, getting closer and closer to the Reserve Bank’s target band. 

At the last quarterly read, three months ago, it wasn’t far away. Inflation came in at 3.6%, well down from the peak of 7.8%, and within sight of the 2-3% band.

There had been talk about a cut in interest rates, soon. It’s a good idea to ease rates before inflation is actually in the band, for the same reason it’s...

Why the RBA is highly unlikely to lift interest rates next week, even as inflation climbs

Bacon County, GA

Daily Coffee Press

On Monday, a search at a Bacon County home by investigators resulted in the discovery of a large quantity of illegal drugs, including methamphetamine and cocaine. However, the suspects are currently not in custody.

Drug Bust Uncovers Methamphetamine and Cocaine in Bacon County Residence

New Jersey State

Mount Laurel, NJ

Morristown Minute

Discovery During Traffic Stop Leads to Federal Guilty Plea. Morristown, NJ — Jeremy Giliberti, a 52-year-old resident of Mount Laurel, New Jersey, has entered a guilty plea for possessing five destructive devices, U.S. Attorney Philip R. Sellinger announced July 23, 2024. The plea was entered before U.S. District Judge Georgette Castner in Trenton federal court, marking a significant development in a case that has drawn attention due to the dangerous nature of the devices involved.

Guilty Plea: Five Pipe Bombs Discovered at Traffic Stop

Newark, NJ

Paterson, NJ

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

RETIREE Victorino Cepeda is “considering” whether to return the $2,277 that the NMI Settlement Fund claimed was overpaid to him. Cepeda received the same letter that over 200 other government retirees received earlier this year, informing them of the adjustment of their pension “to reflect the correct amount.”

Retiree told to return over $2,000 in pension ‘overpayment’

As chairman of the U.S. Senate Committee on Health, Education, Labor & Pensions, Senator Bernie Sanders released a June report entitled “ By the Wealthy, for the Wealthy: The Coordinated Attacks on Public Education in the United States .” The report is a brief but thorough (16 pages of text, 4 pages of footnotes) takedown of the current wave of attempts to end public education as we know it.

Senator Bernie Sanders Warns in New Report of Right-Wing Billionaire Plot to Sabotage Public Education in Order to Privatize It

SAYING that the supplemental motion filed by Shayne Villanueva “serves only to relitigate an issue raised prior to and developed at the July 8 hearing,” Superior Court Presiding Judge Roberto C. Naraja struck the motion from the record. Attorney Keith Chambers, who represents Villanueva in the contempt of...

Judge strikes Villanueva’s supplemental motion from record

NewsBreak

Fed likely to hold rates steady one last time as inflation fight finale unfolds

WASHINGTON (Reuters) — The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest...

Fed likely to hold rates steady one last time as inflation fight finale unfolds

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