Stocks hold firm as US inflation data keep rate cut hopes alive
Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July.
Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July.
U.S. inflation rose 2.9% in July versus a year ago, which fell below expectations in a result that likely paves the way for the Federal Reserve to finally begin cutting interest rates next month.
Despite California spending upwards of $24 billion over the past five years, homelessness has increased by 40%. One America’s Stephanie Myers speaks with Prager U’s Aldo Buttazzoni, who interviewed residents of Los Angeles about what needs to be done to fix the crisis.
Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.
Bangladesh Prime Minister Sheikh Hasina’s 15-year rule ended after she resigned and fled the country on Monday due to protestors defying a military curfew to storm her official residence.
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The Federal Reserve decides to leave interest rates unchanged, but hints at possible cuts soon.
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
OAN Staff Alicia Summers2:40 PM – Friday, July 26, 2024 Inflation is inching closer to the Federal Reserve’s 2% annual target, according to…