Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
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CBS News - Top stories
Federal Reserve enacts first rate cut since 2020
The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial ...7 hours ago - Federal Reserve -
Financial Times - Business
UK’s health-related benefits bill rose to £48bn in 2023-24, research finds
Such welfare spending has increased faster in Britain than in comparable nations, IFS says7 hours ago -
MarketWatch - Business
Investors renew focus on inflation data as Fed weighs size of expected September rate cut
Wednesday’s consumer-price index for August may end up being the deciding factor as to whether the Federal Reserve will deliver a bigger-than-usual, 50-basis-point rate cut on Sept. 18.8 hours ago - Federal Reserve -
CBS News - Top stories
Fed lowers rates by 0.50 percentage points, its first cut since 2020
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.9 hours ago - Federal Reserve -
Financial Times - World
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you9 hours ago -
ABC News - Tech
Justice Department disrupts vast Chinese hacking operation that infected consumer devices
FBI Director Chris Wray says the FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations9 hours ago -
ESPN - Sports
'We had no sense this was coming': How the Pac-12 rose from the ashes
From 12 to two to six schools and counting. How the foremost western conference stayed alive.10 hours ago -
The Guardian - World
Fed chair Jerome Powell says US interest rate cut has nothing to do with election – business live
Powell rejects accusations that timing of rate cut is political and adds US labor market is ‘at a strong place’. What does a Federal Reserve interest rate cut mean for you? Despite fears of a ...11 hours ago - Federal Reserve -
MarketWatch - Business
Here’s when falling interest rates will hit your mortgage, car loan, credit-card bills and savings accounts
The Fed’s interest-rate cuts will soften the prices consumers pay for debt — but people may not see an impact on their payments for a while.11 hours ago -
MarketWatch - Business
Homeowners scramble to refinance as U.S. mortgage rates hit two-year lows
Mortgage applications rose 14.2% in the last week, the Mortgage Bankers Association said.11 hours ago - Mortgage -
ABC News - Top stories
Federal Reserve cuts interest rates for 1st time since 2020
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.11 hours ago - Federal Reserve -
The New York Times - Business
Fed’s Interest Rate Cut Would Cap a Winning Streak for Harris and Biden on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race.12 hours ago - Joe Biden -
NBC News - Top stories
Weekly mortgage demand surges 14% as interest rates hit two-year low
Mortgage rates came down again last week, and with the expectation that they could fall further, mortgage demand suddenly jumped, especially for refinancing.14 hours ago - Mortgage -
The Guardian - World
Wallabies face up to annual All Blacks examination with new reason for hope | Angus Fontaine
Australia last held the Bledisloe Cup in 2002 but can now turn to inside knowledge at the same time as New Zealand have a chink in their armour. Bledisloe Cup week: New Zealanders still relish it, ...15 hours ago -
Financial Times - Business
From Taipei to Budapest: the mysterious trail of exploding pagers
Supply chain of devices involved in audacious attacks in Lebanon spans three continents15 hours ago -
MarketWatch - Business
Inflation hangs over the Fed as it prepares to cut interest rates
The challenge: Keep interest rates low enough for the U.S. economy to expand, but not so low as to overheat labor markets.16 hours ago - Federal Reserve -
ABC News - World
UK inflation is steady at 2.2% ahead of Bank of England's next rate decision
The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares ...16 hours ago - United Kingdom -
CBS News - Top stories
Fed expected to cut benchmark interest rate, providing relief to consumers
Senior business and tech correspondent Jo Ling Kent explains what to expect from the Federal Reserve's anticipated rate cut and what it could mean for your finances.17 hours ago - Federal Reserve -
MarketWatch - Business
New-home construction posts biggest increase in 6 months
Construction on new U.S. homes rose 9.6% in August, the Commerce Department said Wednesday.17 hours ago -
MarketWatch - Business
Here are the pros and cons if the Fed cuts interest rates by 50 basis points instead of 25
Yardeni: Consumers would welcome a large interest-rate cut, but the Fed’s first step should be small.18 hours ago - Federal Reserve -
CNBC - Business
Weekly mortgage demand surges 14% higher as interest rates hit two-year low
Mortgage rates don't follow the Fed exactly, but they are influenced by policy and could move on Wednesday's news.19 hours ago - Mortgage -
CBS News - Top stories
Dockworkers at key U.S. ports threatening strike consumers could feel
About 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation's cargo from ships.19 hours ago -
BBC News - Top stories
Inflation holds steady despite jump in air fares
Lower fuel prices helped offset the higher cost of flying in the year to August.20 hours ago -
The Hill - Politics
5 ways the Fed’s rate cuts will affect workers and consumers
The Federal Reserve is widely expected to start cutting interest rates this week, marking an inflection point in the economy. The move is expected to have an effect on financing rates in various ...20 hours ago -
Financial Times - Business
Exploding pagers join long history of killer communications devices
Israel, blamed by Hizbollah for Tuesday’s attack, has long used telephones and their successors to track and kill enemies21 hours ago -
Financial Times - World
August inflation data takes BoE September rate cut off the table
Core and services inflation ticked up, though the overall direction of travel remains positive23 hours ago -
Financial Times - Business
UK inflation holds steady at 2.2% in August
Figures come ahead of Bank of England interest rate decision on Thursday23 hours ago - United Kingdom -
CNBC - Business
UK inflation holds steady in August, matching expectations
U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday.23 hours ago - United Kingdom -
The Guardian - World
UK inflation stays at 2.2% as lower petrol prices offset by higher air fares
Annual rate in August unchanged, and hovering above Bank of England’s 2% target. Business live – latest updates The UK’s annual inflation rate rose by 2.2% in August, matching the increase in ...Yesterday - United Kingdom -
CBS News - Top stories
What will happen to gold prices after the Fed cuts rates?
Here's what you can expect to happen to the price of gold after the Fed rate cut happens this week.Yesterday - Federal Reserve -
The Hill - Politics
Arrests at southern border rose slightly in August
Arrests at the southern border ticked up last month for the first time since the rollout of a new Biden administration policy limiting access to asylum. The Border Patrol made about 58,000 arrests ...Yesterday -
MarketWatch - Business
Corporate M&A activity expected to rise for the first time since 2021: EY
Artificial intelligence and lower interest rates will boost deals of $100 million or more after drops in 2023 and 2022, EY says.Yesterday