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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 -
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 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. -
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. -
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 -
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. -
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. -
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 -
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 -
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.”
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The Wall Street Journal - World
U.S. Added 206,000 Jobs in June as Hiring Stays Strong
The Labor Department reported on Friday that the U.S. added 206,000 jobs last month. The unemployment rate ticked up to 4.1%. -
The Wall Street Journal - World
Cooler U.S. Job Creation Pushes Gold Back Toward $2,400/Oz
The June jobs report lifted gold futures toward their highest levels in nearly a month. -
The Wall Street Journal - World
'We've Got to Kill': Inside New Zealand's Mission to Wipe Out Predators
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The Wall Street Journal - World
India's Modi Seeks to Shore Up Ties With Russia and Offset China's Sway
A trip by the prime minister is aimed at dispelling speculation about a downgrade in ties with Moscow as New Delhi strengthens relations with the U.S.China -
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.