Fed Chair Powell said he was pleased with how inflation had resumed a downward trend, but said it was too soon to say whether the central bank might be able to lower interest rates by the end of the summer.
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MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
BBC News - Top stories
Bank rate-setter says hold interest rates in August
One member of the Bank of England's committee deciding rates warns inflation could go back up. -
The Hill - Politics
Biden had ‘verbal check-in’ with doctor after White House said he got no checkup for debate cold
The White House on Friday said President Biden had a "verbal check-in" with his doctor about the cold he had during the debate, after telling reporters earlier in the week that he did not get a medical exam — and had not had once since his yearly ...Joe Biden -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
The New York Times - Business
Saks Acquires Neiman Marcus
The deal, a vote in favor of the future of brick-and-mortar retail on the high end, could reshape the retail landscape. -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 100.25
The WSJ Dollar Index was down 0.2% to 100.25 — down for two consecutive trading days. -
NBC News - Top stories
Fed says inflation is moving in the right direction
Federal Reserve officials indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.Federal Reserve -
The Wall Street Journal - World
Finland's president said China holds the key to ending the war in Ukraine, urging Beijing to use its sway over Moscow.
Finland’s president said China holds the key to ending the war in Ukraine, urging Beijing to use its sway over Moscow.China -
Inc. - Business
Jeff Bezos Said Successful Companies Last '30-Something Years.' Guess How Old Amazon Is Turning?
A big birthday, and some free business lessons. -
CBS News - Top stories
Here's how a 2024 Fed rate cut will affect home equity loans
Home equity loan interest rates should fall this year — but when and by how much? Here's what to know.Federal Reserve -
CBS News - Top stories
Best camping chairs for your outdoor summer adventures
Goodbye uncomfortable camping trips. The best camping chairs in 2024 will have you sitting pretty this summer. -
ABC News - Tech
Confused by all the TikTok trends? This glossary might help
Anyone who shops or uses the internet probably has encountered a TikTok trend, whether they know it or notTiktok -
CBS News - Top stories
Is your HELOC draw period ending soon? What experts say you should know now
If your HELOC draw period is ending, there are some changes you should be aware of, like higher payments. -
The Hill - Politics
Van Jones says Democrats are discussing 'how' to replace Biden, 'not whether'
Former Obama administration official Van Jones said Wednesday that Democrats, behind closed doors, are discussing “how” to replace President Biden at the top of the ticket, “not whether.” The CNN commentator said the Democrats who defend Biden on ...Joe Biden -
NBC News - Top stories
Taliban promotes sanctioned official to central bank governor
The Taliban has promoted an official, who is the subject of U.S. counter-terrorism sanctions, as the central bank’s new acting governor. -
MarketWatch - Business
‘He thinks I’m too materialistic’: My husband and I are in our 40s. He takes zero interest in our finances. He doesn’t even know the name of our mortgage company. What can I do?
“I am really worried that if I’m not around, he will not be able to manage the basics of everyday life for himself and our children.” -
The Guardian - World
In a referendum on Le Pen, French voters said ‘non’. This opportunity must not be squandered
France may rediscover a taste for moderate social democracy – and find out that compromise is not a dirty word. France has dodged a bullet. We have no idea how the country will be governed in the coming months with a hung parliament without any ...France -
The Wall Street Journal - World
Analysis: U.S. Jobs Market Cools Just Like Fed Chief Powell Wants
June payrolls were solid, but down slightly from May, while wage inflation slipped a few notches. Both continued trending toward what Powell has called ‘sustainable’ levels.Federal Reserve -
NBC News - Top stories
Biden refuses to take a cognitive or neurological test in his first post-debate TV interview
In his first televised interview since his widely criticized debate performance, Biden would not commit to taking a cognitive or neurological test and releasing the results.Joe Biden -
CBS News - Top stories
Biden tells campaign staffers he's "in this race to the end," source says
White House press secretary Karine Jean-Pierre addressed a deluge of questions from reporters Wednesday on President Biden's debate performance. The president, meanwhile, told his campaign staff he is not dropping out of the 2024 race, according ...Joe Biden -
NBC News - Politics
Biden says he’s ‘in this race to the end’ amid growing calls to drop out
NBC News White House Correspondent Monica Alba, NBC News Senior National Political Reporter Sahil Kapur and New York Times Chief White House Correspondent Peter Baker explain what’s happening behind the scenes as President Biden looks to reassure ...Joe Biden -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
Inc. - Business
The Fed's Odds for a September Rate Cut Just Spiked
Slack in the labor market and cooling inflation have shifted market bets. -
Financial Times - World
A very deep dive into UK inflation predictions. Like, maybe too deep
And the survey said …United Kingdom -
Financial Times - World
Ireland’s central bank chief warns Dublin against pre-election giveaways
Gabriel Makhlouf says using vast budget surplus to fund cost-of-living relief would risk stoking inflation -
The Wall Street Journal - World
China's Central Bank Borrows 'Hundreds of Billions' of Yuan in Government Bonds
China’s central bank has signed agreements with major brokers to borrow “hundreds of billions” of yuan worth of government bonds, a move analysts say is likely aimed at stabilizing plummeting long-term bond yields.China -
Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
The Hill - Politics
Will the Fed hit its inflation target by 2025? Don’t bet on it.
Treasury Secretary Janet Yellen expressed optimism that the Federal Reserve Board's 2 percent inflation target might be achieved by 2025, but other forecast groups show a less optimistic outlook, with inflation expected to remain above 2 percent ...Federal Reserve -
ABC News - World
Tunisia sets elections for October. The increasingly authoritarian president hasn't said he'll run
Tunisia’s increasingly authoritarian leader has scheduled the next presidential election for October without saying whether he will seek a second term -
The Wall Street Journal - World
NATO, in its summit communiqué this week, plans to criticize China for supporting Russia's invasion of Ukraine, alliance diplomats said.
NATO, in its summit communiqué this week, plans to criticize China for supporting Russia’s invasion of Ukraine, alliance diplomats said.China -
Financial Times - Business
How to host a summer picnic
Rose Chalalai Singh and Samyukta Nair, Fiona Golfar and Skye Gyngell, Missy Malik-Flynn and Gabriel Pryce, Amber Guinness, and Aditi Dugar share their tips for an alfresco feast – whatever the weather -
NBC News - Top stories
Health risks linked to extreme heat linger even as temperatures drop
A dangerous heat wave imperiling people on the West Coast is expected to peak Saturday, but experts say the health risks will persist long after temperatures crest. -
The Wall Street Journal - World
Turkish Inflation Moves Past Peak as High Rates Begin to Pay Off
Turkish consumer inflation looks to have begun a strong downward slide, says Bartosz Sawicki, market analyst at fintech Conotoxia.Turkey -
The Hill - Politics
Fed confident in 'restrictive' rate level while sounding notes of caution
Minutes from the Federal Reserve’s June meeting revealed confidence among central bankers that elevated interest rates were having the desired effect of cooling the economy toward a soft landing and 2-percent annual inflation. “The vast majority ...Federal Reserve -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
CNBC - Business
Biden defends mental health, vows to stay in race as House Democrats set weekend meeting
President Joe Biden spoke with ABC News anchor George Stephanopoulos during a campaign trip to Madison, Wisconsin.Joe Biden -
The Wall Street Journal - World
Samsung said second-quarter earnings surged, indicating its flagship semiconductor business sustained a strong recovery after a turnaround in the first quarter.
Samsung said second-quarter earnings surged, indicating its flagship semiconductor business sustained a strong recovery after a turnaround in the first quarter. -
CBS News - Top stories
Hiring in the U.S. slowed in June, raising hopes for interest rate cuts
Employers added 206,000 jobs last month and the unemployment rate edged higher to 4.1%. -
CBS News - Top stories
June jobs report signal possible interest rate cut later this year
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers ...