US core inflation rose 0.28% in August - financial-world.org
WEB3 days ago · US core inflation rose +0.28% mom in August. Although the three-month trend was slightly up, it remains subdued compared to levels earlier this year. The main components showed a mixed performance. Core goods continued to experience deflation at -0.2% mom. Used cars and trucks helped ease the pressure, but even without their influence, price ...
Federal Reserve Likely to Cut Rates by 25 Basis Points
WEBSep 10, 2024 · Barring a crash in the risky asset market between now and September 18, the Fed is likely to cut interest rates by 25 basis points. They are very likely to signal that further cuts could follow and that they would be open to more cuts if the "totality of the data" (to use Jay Powell's words) warrants it. Fears that the Fed is not accommodative ...
Assessing the Shift in US Economic Exceptionalism Amid Global …
WEBMay 8, 2024 · British Telegraph: The Houthis have defeated the US Navy. Interestingly, the notion of American exceptionalism fading is also linked to comparisons with other global economies. Recent sessions have witnessed stocks from regions like Europe, China, and emerging markets outperforming US stocks, while …
Soft landing for the Fed, but Americans still struggle
WEBSep 3, 2024 · That disparity points to a striking gap between how economists and policymakers assess the past several years of the economy and how many ordinary Americans do, writes AP.In his remarks last month, given at an annual economic symposium in Jackson Hole, Wyoming, Powell underscored how the Fed’s sharp rate hikes succeeded much more than most economists had predicted in taming inflation without ...
Generational wealth gap widens as millennials lag behind
WEBAug 30, 2024 · Generational wealth gap widens as millennials lag behind. Recent data from the Federal Reserve has highlighted a troubling reality in the United States: the COVID-19 pandemic has not reversed deep-seated economic inequalities. Instead, the wealth gap continues to grow, with the richest households pulling further ahead of …
Financial News
WEBUS: Unemployment rate drops to 4.2% for first time since March. 1 hour ago.
GPT-4 Demonstrates Superior Accuracy in Financial Statement …
WEBJun 3, 2024 · In a groundbreaking study, researchers have demonstrated that OpenAI's GPT-4 can perform financial statement analysis, sometimes even predicting a company's future performance better than seasoned human analysts. This revelation is reshaping our understanding of artificial intelligence in the realm of financial analysis.
Federal Reserve Adjusts Easing Cycle Timeline, Impacting Global …
WEBApr 30, 2024 · Recent economic data from the United States has significantly shifted projections regarding the Federal Reserve's monetary policy, pushing the expected commencement of the Fed's easing cycle from December 2024 to 2025.This adjustment is a reflection of stronger than anticipated economic indicators, suggesting that the next policy move might be an interest rate hike rather than a cut.
US growth figures for Q2 exceed expectations
WEBJul 26, 2024 · The first estimate of real GDP growth for the second quarter is an annualized +2.8%, which exceeds the consensus forecast of 2.0% and the estimate of FRB Atlanta of 2.6%. These results show a continued resilience of the economy. The real final domestic demand grew by 2.7%, supported by stable contributions …
Global Economy Faces Crucial Test in Recovery Efforts
WEBJun 10, 2024 · The coming months will be crucial in determining whether the world can navigate these challenges and stabilize the global economic landscape. All eyes are on policymakers to guide us through this delicate phase, ensuring a smooth transition to sustainable growth. Global Economy Faces Crucial Test in Coordinated Recovery Efforts.