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U.S. Inflation cools with Fed Reserve eyeing September rate cut

<img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' class='avatar avatar-46 photo' height='46' width='46' decoding='async'/>

Published

4 weeks ago

on

August 15, 2024

By

ticker NEWS

Inflation extended a run of cooler readings in July, sealing the case for the Federal Reserve to cut interest rates at its meeting next month.

The consumer-price index rose 2.9% from a year earlier, which is the lowest reading since 2021.

Core inflation hit a three-year low.

A sustained and broad inflation slowdown provides the Fed with greater room to focus on shoring up any potential weakness in the labor market. #featured #trending

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Trump will plead not guilty to revised 2020 election criminal charges

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Published

4 days ago

on

September 5, 2024

By

ticker NEWS

Former U.S. President Donald Trump will plead not guilty to fresh criminal charges in a revised indictment accusing him of attempting to overturn the 2020 election.

In a court filing, Trump waived his right to appear in court, authorising his lawyers to enter the plea on his behalf.

This revised indictment, brought by Special Counsel Jack Smith, maintains the original four charges, including obstructing Congress and defrauding the United States. #featured #trending

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Harris promises to boost SME in the U.S. with $50,000 tax deduction

<img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' class='avatar avatar-46 photo' height='46' width='46' decoding='async'/>

Published

5 days ago

on

September 4, 2024

By

ticker NEWS

Vice President Kamala Harris is set to propose a significant tax deduction for new small businesses.

Under the plan, startups could claim up to $50,000 in tax deductions, providing crucial financial relief during the critical early years of operation.

This initiative aligns with efforts to stimulate economic growth and job creation across the country, particularly in sectors hard-hit by the pandemic. #featured #trending

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Fed Reserve close in on Sep rate cut amid cooling inflation

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Published

6 days ago

on

September 3, 2024

By

ticker NEWS

The Federal Reserve is anticipated to announce a rate cut in September following signs of cooling inflation.

Economic indicators suggest a slowdown in price increases, providing room for the Fed to adjust policy rates. #featured #trending

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