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Tag: cut

The Fed is expected cut rates later this year. What will it mean for your money?

Barron’s Roundtable panelists discuss the ongoing market rotation, small-cap stocks to watch, and former President Trump’s expected comments on cryptocurrency. of Federal Reserve The Fed is widely expected to lay the groundwork for a September rate cut at the end of its meeting on Wednesday, providing some relief to Americans who have been struggling with […]

Will the Fed Push Back on Expectations for a September Cut?

Soaring inflation upends Fed’s rate cut plans This week’s Federal Open Market Committee (FOMC) meeting The Fed’s resolve will be testedWill the Fed stick to its forecast for one rate cut this year, or will it succumb to financial markets that are pricing in multiple rate cuts this year? When the FOMC met in mid-June, […]

3M Open: Defending champ Lee Hodges and more notable names to miss the cut

Eighteen players shot 67 or better at the 3M Open on Friday. Scores were low and birdies plentiful — 581 to be exact. However, not everyone played that well, with 32 players posting scores of 74 or below. Taylor Pendrith finished bogey-free through 36 holes and is leading the tournament by two strokes at 12 […]

US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire

PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]

New Central American President Follows Through on Pledge to Cut Illegal Immigration to US

Estimated Reading Time: 2 minutes Panama’s government is touting progress on efforts to reduce illegal migration through the Darien Gap, a dense jungle region that long has served as a gateway point for South American migrants making their way to the United States. The National Border Service, Panama’s version of the U.S. Border Patrol, reported […]

Growth and Inflation Are Too Hot for the Fed to Cut in September

Economic growth exceeds expectations Economic growth accelerated more than expected in the spring, weakening the case for rate cuts and The Federal Reserve is still not doing enough to cool the economy We intend to bring inflation down to our 2% target. The Bureau of Economic Analysis said Thursday that real gross domestic product (GDP) […]

Apple TV to Cut $20 Billion in Spending, Views Per Month Lower Than Netflix Views Per Day

Apple TV is reportedly cutting spending by more than $20 billion after a recent quarterly report showed monthly viewership on the streaming service was lower than daily viewership on Netflix. Netflix continues to solidify its position as the streaming king, adding 8 million new customers during the quarter, bringing its total subscriber base to 277.7 […]