Federal Reserve cuts interest rates for first time in 4 years
The Wall Street Journal's chief economics reporter, Nick Timiraos, predicts the Federal Reserve's potential interest rate cut and its likely impact on the U.S. economy. of Federal Reserve System The central bank announced a much-needed interest rate cut on Wednesday, slashing borrowing costs following progress in battling inflation, slashing its policy rate by 50 basis […]
Child care for 2 kids now costs nearly 40% more than rent across 100 largest US metros
FOX Business' Lauren Simonetti reports on the latest market and political news surrounding Target, child care costs and rapper Cardi B. Even as the overall pace of inflation in the United States has moderated over the years, the cost of housing and raising children continues to soar, with child care costs now exceeding rent in […]
Federal Reserve begins policy meeting with interest rate cuts on deck
Gregory Daco, chief economist at EY-Parthenon, explained why the Fed will gradually lower interest rates and not be too aggressive in “making money.” of Federal Reserve System Tuesday kicks off a highly anticipated two-day meeting in which policymakers are expected to cut interest rates for the first time in four years as persistent inflation shows […]
Alaska Airlines flight attendants hospitalized, flight diverted due to strange odor
A flight attendant attempts to clean up a flooded bathroom that let water into the cabin on an Alaska Airlines flight from Hawaii to Alaska (Photo by Dustin Parker/Facebook) Four Alaska Airlines flight attendants were taken to hospital after feeling ill, and the flight was diverted. Alaska Airlines Flight 810 was en route from Lihue, […]
Car affordability concerns won’t go away anytime soon, new data shows
FOX Business' Jeff Flock reports on the latest news from the auto industry, where data reveals that insurance rates are skyrocketing year-over-year. The cost of owning a car in the U.S. has skyrocketed in recent years, and data suggests Americans are likely in for an even bigger shock. a Recent Reports Car shopping guide Edmunds […]
Where are the jobs? Recent study ranks top cities
Human resources and payroll company ADP ranked cities across the nation based on three factors that determine labor market strength: annual wage growth, wages for new hires and employment rate. Human resources and payroll company ADP ranked cities across the nation based on three factors that make for a strong labor market: annual wage growth, […]
CEO of JPMorgan warns US of economic fate worse than recession: ‘The worst outcome’
The possibility of stagflation remains a possibility, as August inflation came in below expectations. The CEO of JPMorgan Chase has revealed a “dangerous outcome” for the future of the US economy that goes beyond a recession. “The worst outcome is stagflation,” Dimon said. “And I wouldn't rule stagflation out, by the way.” Jamie Dimon, 68, […]
American Airlines flight attendants approve new 5-year contract, avoiding strike
Fitzgerald Group President Keith Fitzgerald talks about the machinists union striking against Boeing, the market outlook and the expected Federal Reserve policy meeting. American Airlines and its flight attendants have agreed to a new five-year contract. The Association of Professional Flight Attendants said 95 percent of flight attendants eligible to vote voted, and 87 percent […]
Social Security COLA projected to be 2.5% for 2025, smallest since 2021
Ramsey Solutions personality Jade Warshaw breaks down how to make the most of your Social Security benefits and more on The Bottom Line. The annual Cost of Living Adjustment (COLA) Social Security spending in 2025 is projected to be the smallest since 2021 as inflation slows. The annual COLA, which increases a beneficiary's monthly benefit […]
Mortgage rates declined to their lowest point since February 2023
Jenny and Dolly Lentz discuss home buying in today's market on The Claman Countdown. Mortgage rates fell to their lowest level in a year and a half this week, but rising interest rates and soaring home prices are still keeping would-be homebuyers and sellers out of the housing market. Freddie Mac's latest primary mortgage market […]