Economist who predicted no 2024 interest rate cuts blames Fed for inflation resurgence
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Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Treasury yields dip after rising for three days in a row on Fed rate-cut caution
Bond yields fell early Tuesday as investors eyed another batch of comments from Federal Reserve officials.MarketWatch - Business -
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.CBS News - Top stories - Mortgage -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
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The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Trump hits Biden for blaming 'disaster' inflation on shrinking size of Snickers Bars
Former President Trump criticized President Biden's handling of inflation in a late-night social media rant, joking that he is blaming his "economic disaster" on the shrinking size of Snickers Bars. In back-to-back Truth Social posts late Friday ...The Hill - Politics - Joe Biden -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
2024 Preakness Stakes predictions, horses, contenders, odds: Expert who nailed last 2 exactas enters picks
When is the 2024 Preakness Stakes? The second leg of the Triple Crown takes place Saturday at Pimlico Race Course at 7:01 p.m. ET and morning-line favorite Muth has been scratched due to a feverCBS Sports - Sports -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
Preakness Stakes 2024 predictions, picks, time, horses, odds: Best bets from expert who hit last year's winner
Gene Menez, who called National Treasure to win last year's Run for the Back-Eyed Susans, has made his picks and bets for the 149th Preakness Stakes on Saturday at Pimlico Race CourseCBS Sports - Sports -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
C.D.C. Warns of a Resurgence of Mpox
A deadlier version of the infectious disease is ravaging the Democratic Republic of Congo, while the type that caused a 2022 outbreak among gay and bisexual men is regaining strength.The New York Times - World -
Tiger Woods misses cut at 2024 PGA Championship with pair of triple bogeys in second round at Valhalla
Valhalla hasn't been kind to Woods ever since his dramatic 2000 PGA Championship victoryCBS Sports - Sports - Golf -
2024 PGA Championship missed cuts: Jon Rahm, Wyndham Clark among stars not playing weekend at Valhalla
A number of recent major champions won't be around for the action this weekend in LouisvilleCBS Sports - Sports -
Who wins Game 7? Key players, final score predictions for Canucks-Oilers
The Dallas Stars await the victors of this Western Canadian clash. Here's everything you need to know, including how to watch.ESPN - Sports -
Who Else Might Make a Difference in Trump vs. Biden 2024?
Your questions about 2024, answered.The New York Times - Top stories - Joe Biden -
U.S. Open 2024 field: Who will be playing at Pinehurst No. 2
A look at those who have currently qualified for the men's third major of the season.Yahoo Sports - Sports - US Open -
Economists forecast $500bn annual hit from new Trump tariffs
Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promisedFinancial Times - World - Donald Trump -
Steelers 2024 schedule: Ranking five must see games, game-by-game predictions, opponents U/O win totals
It's shaping up to be a wild season for PittsburghCBS Sports - Sports -
Cowboys 2024 NFL schedule: Opponent breakdowns, five must-see games and predictions for all 17 games
A closer look at how the Cowboys' 2024 season could play out now that we know their exact scheduleCBS Sports - Sports - NFL -
2024 Black-Eyed Susan Stakes predictions, odds, horses, contenders: Surprising picks by horse racing insider
Beyer Speed Figure maker Bob Weir reveals his picks for Friday's Black-Eyed Susan Stakes 2024CBS Sports - Sports -
Chiefs 2024 NFL schedule breakdown: Game-by-game predictions, toughest stretch, opponents, pivotal matchups
Breaking down Kansas City's full 2024 scheduleCBS Sports - Sports - NFL -
Miami Dolphins 2024 NFL schedule breakdown: Five must-see games, predictions for every matchup, more
Everything you need to know about Miami's newly announced slateCBS Sports - Sports - NFL -
Packers 2024 NFL schedule: Opponent breakdowns, five must-see games and predictions for all 17 matchups
A closer look at how the Packers' season could play out, and dominance is predictedCBS Sports - Sports - NFL