Saint Louis, MO

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

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

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

Reuters

SINTRA, Portugal (Reuters) -The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data before cutting interest rates to verify that recent weaker inflation readings provide an accurate picture of the economy.

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

Unexpectedly high inflation readings during the first three months of this year threw a wrench into the Federal Reserve’s plans to ease monetary policy. The data from April and May have been much more favorable. They have provided reassurance that inflation is indeed on a downward trajectory. This means that the Federal Reserve Open Market Committee (FOMC) will be in a position when it meets later in July to signal that it will soon start to ease policy.

Economics Watch: The Fed Gets the Inflation News It Has Been Waiting For

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

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

Fox Business

Billionaire Steve Ballmer, the former Microsoft chief executive and current owner of the L.A. Clippers, has surpassed Bill Gates in net worth for the first time.

Former Microsoft CEO Steve Ballmer tops Bill Gates' wealth

TheStreet

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

Wall Street analyst unveils startling prediction about the economy

President Joe Biden and former President Donald Trump share common ground on tariff policy. But some policymakers argue that while tariffs can protect and help grow domestic industries, they can also lead to higher prices for Americans. "The economics on tariffs are really clear that they're a tax increase that...

Why both former Pres. Trump and Pres. Biden's tariffs can hurt Americans’ wallets

Top Democrats Nancy Pelosi and House Rep. Jim Clyburn said it is fair to raise concerns about President Joe Biden's fitness after he stumbled through his first debate with former President Donald Trump. Pelosi and Clyburn are some of the first high-profile Democrats to publicly validate recent anxieties about the...

Top Democrats Pelosi, Clyburn say Biden age concerns are 'legitimate' after debate

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

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

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

— This is the script of CNBC's news report for China's CCTV on June 27, 2024. In the United States, starting early last year, Novo Nordisk's weight-loss version of Semaglutide, marketed as Wegovy, along with other GLP-1 class weight-loss drugs, went viral on social media. These drugs, known for their appetite-suppressing effects, have sparked a wave of speculation on Wall Street, with analysts predicting potential shifts in consumer behavior that could impact the food and beverage industry.

CCTV Script 27/06/24

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

Götene, about 200 miles from Stockholm, is selling plots of land starting at 1 krona per square meter or nine US cents per 10 square feet. Buyers must build a home on the land with plans to either live there permanently or use it as a vacation property, according to CNN.

This scenic town in Sweden is selling cheap land to get people to move there: 'We can bring you a high quality of life,' mayor says

Economist Claudia Sahm says the Fed needs to gradually start cutting rates now to avoid a contraction. She is the creator of the Sahm Rule, a labor-tracking recession gauge. The model is nearing its threshold: "I do not understand why the Fed is pushing that risk." The Federal Reserve's reluctance...

The creator of a famed recession indicator says the Fed is 'playing with fire' by not cutting rates now

WASHINGTON -- U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department reported Tuesday. April openings were marked down from an originally reported 8.1 million.

US job openings rise to 8.1 million despite higher interest rates

St. Louis, MO

Venice, IL

NewsBreak

Former St. Louis Fed Pres. Bullard: Fed can worry 'mostly about inflation' not job market

Jim Bullard, former St. Louis Fed president and...

Former St. Louis Fed Pres. Bullard: Fed can worry 'mostly about inflation' not job market

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