Dow falls 400 points as hot inflation data hurt chance of June rate cut
Wednesday’s better-than-expected inflation numbers poured cold water on investors’ hopes that the Federal Reserve would start cutting interest rates as early as June, sending markets plummeting. All three major stock indexes fell sharply at the opening bell after the Labor Department announced that the consumer price index for March was 3.5%. This came on the […]
US food inflation is becoming Biden’s major hot potato
Inflation rose to 3.5% in March, but the unexpected rise continued to weigh on Americans’ wallets and President Biden’s approval ratings. Despite repeated promises that inflation is “temporary,” inflation has remained high throughout the president’s term, and the president has called for “Bidenomics” as people suffer from high costs, especially at restaurants and grocery stores. […]
Canada risks more ‘catastrophic’ wildfires with hot weather forecast | Canada
Canada is at risk of another “catastrophic” wildfire season, the federal government warns, as El Niño conditions are expected to bring warmer-than-normal spring and summer temperatures across much of the country. There is. Last year, Canada experienced its worst fire season on record, with more than 6,600 fires burning 15 million hectares (37 million acres), […]
Mortgage rates hit highest level since November after hot inflation report
Mortgage rates rose to their highest since November as the much-anticipated rate cut schedule was extended until 2024. The average 30-year fixed mortgage rate on Wednesday reached 7.29%, the highest since November. daily mortgage news. The jump followed the release of new consumer price index inflation data for March, which came out slightly better than […]
Hot US economy dampens hope for rate cuts
Economic data across multiple indicators is in the spotlight, showing the strength of the U.S. economy and the persistence of inflation in the last mile downhill to the Federal Reserve’s target rate of 2%. If the consumer price index (CPI) reaches an annual rate of 3.5% in March, there is a possibility that interest rates […]
Stocks sink after hot March inflation data
The Morning with Maria panel examines March core CPI, expected Fed rate cuts, and the overall market outlook. U.S. stocks fell across the board as better-than-expected inflation data dampened hopes for a June interest rate cut by the U.S. Federal Reserve. ticker safety last change change % Me: DJI Dow Jones Average 38380.61 -503.06 -1.29% […]
Hot dog vendor, William Woods, furious with police after false imprisonment as victim of identity theft
A wrongly imprisoned former hot dog vendor who was the victim of a 30-year identity theft case is speaking out and threatening to sue the city that imprisoned him. William Woods spent 428 days in prison and 147 days in hospital after being found unfit to stand trial because a judge ruled he had a […]
March inflation report expected to show another month of ‘hot’ price gains
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed was not ready to start cutting interest rates “coast-to-coast.” A closely watched inflation report on Wednesday is expected to show that progress in combating price pressures within the economy slowed again in March. Economists expect the consumer price index, which […]
Clouds expected at these solar eclipse hot spots
I can’t be a cirrus cloud! Some of the hottest destinations to observe celestial wonders are expected to steal the thunder of a rare total solar eclipse due to cloudy weather. Niagara Falls, New York, is expected to be “very cloudy,” and Erie, Pennsylvania, is expected to have “cloudy skies and a slight chance of […]
RATINGS GALORE! Caitlin Clark & Angel Reese Draw BIGGEST RATING EVER | OutKick Hot Mic
Subscribe to Outkick for daily videos and shorts: https://rb.gy/iw07ds Chapters: 00:00 – Massive NCAAW Ratings 4:53 – Ratings … source