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Nearly $90bn pours into US money market funds ahead of expected rate cuts
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The Wall Street Journal - World
Investors Adopt Defensive Crouch Ahead of Fed Rate Cut
The utilities sector is neck and neck with tech as 2024’s best performing group.2 hours ago - Federal Reserve -
CNBC - Business
Investors expecting an aggressive Fed cut are getting too 'ahead of the curve,' UBS CEO says
The markets may be getting too ahead of themselves that the U.S. Federal Reserve will pull an aggressive rate cut, said the CEO of Swiss banking giant UBS.8 hours ago -
CBS News - Top stories
Inflation eases ahead of expected rate cuts
The inflation rate dropped to 2.5% in August, according to the latest data from the Labor Department, a further sign that the Federal Reserve will enact interest rate cuts when it meets next week. ...12 hours ago - Inflation -
Financial Times - Business
US publisher joins pursuit of UK’s Telegraph newspaper
Owner of right-leaning digital New York Sun has emerged as part of one of three groups bidding for London title15 hours ago -
Financial Times - Business
OpenAI aims to raise at least $5bn at $150bn valuation
ChatGPT maker’s value set to nearly double as it seeks more investment to fund ambitious expansion15 hours ago -
The New York Times - Top stories
Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
Consumer Price Index inflation continued to cool, reaching a new three-year low. But signs of stubbornness lingered under the surface.18 hours ago - Federal Reserve -
CBS News - Top stories
August CPI report shows 0.2% inflation rise, Fed still expected to cut interest rates
The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for ...21 hours ago - Federal Reserve -
ABC News - Top stories
Inflation falls more than expected, paving way for interest rate cut
The Fed is widely expected to cut interest rates next week.21 hours ago -
Inc. - Business
Inflation Hits Three-Year Low Ahead of Rate Cuts
An index that tracks core inflation showed a small bump, but central bankers appear satisfied their efforts have curbed the rate of increases.21 hours ago - Inflation -
NBC News - Top stories
Inflation cools to 2.5%, slowest rate in more than three years
Inflation's steady march lower continued Wednesday, with the Bureau of Labor Statistics reporting that consumer price growth slowed to 2.5% in August, the lowest measure since 2021.23 hours ago
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