Key Fed inflation gauge cools to its slowest rate in over three years
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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 -
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 -
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 -
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 -
MarketWatch - Business
Forget about your retirement portfolio beating inflation over the next 10 years
Expect stocks to produce a negative-1.9% post-inflation return between now and 2034. -
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 -
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 -
CNBC - Business
Google’s first Chief Innovation Evangelist: Over 12 years, I learned 3 key lessons that can help anyone 'live a more meaningful life'
Frederik Pferdt, who helped shape Google's creative culture, learned lessons he still uses every day, including some from founders Sergey Brin and Larry Page. -
The New York Times - Top stories
And the Winner Is … the Slowest!
Cargo ships off California are reducing speeds as part of an unusual race designed to protect some very large local residents. -
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 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 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 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. -
MarketWatch - Business
Why stocks will be the best bet for your money if the Fed can’t get inflation down
Investing for retirement, college and other longer-term goals should favor stocks over bonds.Federal Reserve -
Financial Times - Business
ECB minutes reveal doubts over rate cut
Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction -
Financial Times - Business
Goldman Sachs faces uphill battle in dispute with Fed over stress test
Chance of reconsidering its grade ‘close to zero’ as US central bank has never overturned an assessment on appealFederal Reserve -
Inc. - Business
Feds Fine GM $146 Million Over Emissions Standards
The National Highway Traffic Safety Administrationsaid Chevy Tahoe, Cadillac Escalade and Chevy Silverado models made between 2012 and 2018 burned more gas and spewed more carbon dioxide than the automaker claimed. -
The Wall Street Journal - World
Israel has declared control over its single-largest swath of land in the occupied West Bank this year, expanding its ability to build settlements in the Palestinian territory as it pursues the war in Gaza.
Israel has declared control over its single-largest swath of land in the occupied West Bank this year, expanding its ability to build settlements in the Palestinian territory as it pursues the war in Gaza. -
CNBC - Business
Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve -
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 -
Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden -
Financial Times - World
Belarus opposition calls for Brussels to protect stateless exiles
Also in this newsletter: How mafia organisations are infiltrating local governments in Italy -
The Wall Street Journal - World
Cooling Labor Market Sets Up Debate Over September Cut
There probably wasn’t anything alarming enough in Friday’s report to lead Fed officials to put a July rate cut on the menu. But the latest reading suggests a labor market continuing to loosen, much as the central bank anticipated. -
CNBC - Business
10-year Treasury yield falls after unemployment rate rises unexpectedly
U.S. Treasury yields held steady on Friday as markets reopened after the July holiday and investors awaited the latest nonfarm payroll data. -
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 ... -
CNBC - Business
Jobless rates rise in June for white, Black and Hispanic women but fall for men in the three racial groups
The unemployment rates rose for white, Black and Hispanic women but fell for their male counterparts. -
Financial Times - Business
Punishing SNP losses fuel speculation over the party’s purpose
Nationalists lose grip on Scotland as Labour regains dominance -
The Wall Street Journal - World
Israel Has Seized More Land This Year Than in Any Year in the Past Three Decades
Nearly half of all West Bank land seized by Israel since the 1993 Oslo Accords was taken this year, watchdog group says.Israel -
The Wall Street Journal - World
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates. -
MarketWatch - Business
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.” -
MarketWatch - Business
Mortgage rates post biggest increase in two months, going back over 7%
Mortgage applications fell 2.6% in the last week, the Mortgage Bankers Association said.Mortgage -
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. -
ABC News - World
Anti-settlement watchdog says Israel has approved largest seizure of West Bank land in over three decades
Anti-settlement watchdog says Israel has approved largest seizure of West Bank land in over three decadesIsrael -
VentureBeat - Tech
Sony Honda Mobility shows off its cool Afeela electric car features | The DeanBeat
Sony Honda Mobility will ship its Afeela electric cars starting in 2026. But the joint venture company is already showing off cool features in the new vehicle. I got a recent demo of the car and its driving simulator recently at Sony’s PlayStation ... -
ABC News - Top stories
Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%
The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May -
MarketWatch - Business
2-year Treasury yield ends at lowest since March on signs of deteriorating labor market
U.S. government debt rallied on Friday, sending the policy-sensitive 2-year yield to a more than three-month low, after government data showed that fewer jobs had been created in May and April than initially thought.