The Federal Reserve Is Cutting Rates With Inflation Moving in the Wrong Direction

Why a ‘robust’ jobs report for November probably wouldn’t derail Fed rate cut

A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Fed from delivering an interest-rate cut this month, according to BlackRock’s Russ Brownback.

MarketWatch - Dec. 5

How airlines are responding to federal crack down on junk fees

Several airline executives appeared at a tense congressional hearing Wednesday, where Senators from both parties grilled them over allegations of gouging customers when it comes to "junk fees" for ...

NBC News - Dec. 5

Effort to cut federal workforce takes aim at key US jobs engine

Government and healthcare have emerged as biggest source of American employment, particularly for knowledge workers

Financial Times - Dec. 5

Airbus to Move Ahead With 2,000 Job Cuts at Defense and Space Business

The cuts amount to around 5% of the division’s workforce, fewer than the up to 2,500 positions Airbus had initially sought to eliminate two months ago.

The Wall Street Journal - Dec. 5

South Korea's opposition parties move to impeach president

After South Korean President Yoon Suk Yeol shockingly declared martial law on Tuesday, opposition parties Wednesday sought to impeach him. While South Korea's reputation as a democratic stronghold ...

CBS News - Dec. 4

Bengals place kicker Evan McPherson on injured reserve, sign Cade York to practice squad

Cincinnati has a shake-up at kicker

CBS Sports - Dec. 4

Inflation threatens Fed rate-cut expectations once again. Here’s why.

With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...

MarketWatch - Dec. 4

Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected

Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.

The New York Times - Dec. 4

Chipotle says it's raising prices 2% in response to inflation

Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.

NBC News - Dec. 4

Chipotle Raises U.S. Prices by 2% to Offset Inflation Costs

The chain aims to balance higher costs for avocados, queso and sour cream while maintaining its appeal to inflation-weary consumers.

The Wall Street Journal - Dec. 4

The positive flipside of rampant inflation

The biggest debt reduction scheme in history?

Financial Times - Dec. 4

Interest rates forecast to be higher for longer due to Budget

Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.

BBC News - Dec. 4

Plaschke: Baseball fans can whine, but there's nothing wrong with the way the Dodgers are winning

Some MLB teams and their fans are complaining the Dodgers are spending too much on star free agents, but other teams should be doing the same thing.

Yahoo Sports - Dec. 4

BoE governor expects four UK rate cuts next year as inflation eases

Andrew Bailey welcomes better than expected fall in price growth in FT interview

Financial Times - Dec. 4

Lobbying World: YouTube taps new federal affairs manager

Andrew Meyer has joined YouTube as manager of federal affairs. He was most recently legislative director for Rep. Greg Pence (R-Ind.). Will Lemke is joining Monument Advocacy as vice president of ...

The Hill - Dec. 4

Central banks should tread cautiously with rate cuts, says OECD

Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludes

Financial Times - Dec. 4

Shamed into silence online: the sexualised, personal hate reserved for Somali women | Sahra Ahmed Koshin

Somali women who speak out on social media can expect fake nude images and degrading abuse. But some are fighting back. Social media has given Somali women the space to be free, to organise ...

The Guardian - Dec. 4

Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation

Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.

CNBC - Dec. 4

Comer highlights bill challenging work from home deal for federal employees

Rep. James Comer (R-Ky.) on Tuesday highlighted a bill he previously introduced that challenges a deal for hybrid work protections of federal employees. “THOUSANDS of federal employees just landed ...

The Hill - Dec. 4

What drives home equity loan interest rates?

Wonder what impacts home equity borrowing rates? Here are the factors borrowers should be aware of.

CBS News - Dec. 3

Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It

In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.

Inc. - Dec. 3

House Democrats move to oust aging committee leaders

Candidates for the positions have stressed the need to be able to effectively counter President-elect Donald Trump and Republicans in Congress.

CBS News - Dec. 3

Is the Ukraine conflict a proxy or direct war against Russia?

The difference between them is a matter of perception and interpretation by the (indirect and direct) belligerents involved.

The Hill - Dec. 3

Biden’s Christmas present for Trump: Sticky inflation

President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.

The Hill - Dec. 3

What's the mortgage interest rate forecast for December 2024?

If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.

CBS News - Dec. 3

This 22-year-old once dreamt of becoming a software engineer—instead, she just directed her first TV commercial

Ash Xu once thought she'd grow up to be a software engineer. Instead, the 22-year-old is fresh off directing her first TV commercial.

CNBC - Dec. 3

Sports Direct under fire for misspelt Cymru hat

Sports Direct have been caught selling a bobble hat branded with "Cyrmu" instead of Cymru.

BBC News - Dec. 3

Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation

Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."

CNBC - Dec. 2

49ers injury bug: Christian McCaffrey, Jordan Mason among those headed to injured reserve

San Francisco has been dealing with a rash of injuries -- and off-field tragedies -- all season

CBS Sports - Dec. 2

College football brawls after controversial flag moves

Several players for some popular college football teams around the U.S. took to fighting as a controversial flag move grows in popularity. USA TODAY's Dan Wolken joins CBS News with more on the ...

CBS News - Dec. 2

49ers put running backs Christian McCaffrey, Jordan Mason on injured reserve

McCaffrey suffered a PCL injury during Sunday's loss to the Bills, while Mason went on IR with a high ankle sprain.

Yahoo Sports - Dec. 2

Fed’s Waller says he supports interest-rate cut at next meeting — for now

Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.

MarketWatch - Dec. 2

One of the Best N.F.L. Kickers Ever Has Suddenly Lost His Direction

Justin Tucker has now had multiple crucial misses on either field goals or extra point attempts in four of the Ravens’ five losses.

The New York Times - Dec. 2

Giants' Dexter Lawrence placed on season-ending injured reserve after injuring elbow vs. Cowboys

Things have gotten even worse for Big Blue

CBS Sports - Dec. 2

Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation

Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.

NBC News - Dec. 2

Top Fed official warns progress on taming US inflation ‘may be stalling’

Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic data

Financial Times - Dec. 2

Injured kicker becomes NFL's all-time leader in field goal accuracy while sitting on injured reserve

In a span of 90 minutes on Sunday, the title of most accurate kicker in NFL history changed hands twice

CBS Sports - Dec. 2

A Second-Rate Crime Gets a Second-Rate Pardon

At least Joe didn’t make Hunter ambassador to a major international ally.

The New York Times - Dec. 2

'Wrong,' 'unwise': Senate Democrats rebuke Biden over Hunter pardon

Multiple Senate Democrats have rebuked President Biden's decision to pardon his son Hunter Biden, calling it improper and saying it risks further eroding trust in government. “President Biden’s ...

The Hill - Dec. 2

Will credit card interest rates fall this December?

Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.

CBS News - Dec. 2

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