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Inflation Rose In Oct., Raising Concerns For Fed Rate Cuts
Dow, S&P 500 edge higher after inflation data keeps Fed rate-cut hopes intact
Wall Street's three major indexes rose on Wednesday after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December.
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
That matched forecasts from economists polled by FactSet that the Consumer Price Index rose 2.6% in October. The CPI rose 2.4% in September, when the Fed ushered in a jumbo rate cut of 0.5 percentage points, followed by a second rate cut this month.
Inflation Rise Expected for October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate may have ticked up for the first time in seven months, after more than two years of gradual cooling.
South Africa’s unemployment rate drops
South African unemployment rate dips under coalition government
South Africa's unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for more progress on economic reform, data showed on Tuesday.
South Africa Jobless Rate Falls In Q3
South Africa's unemployment rate decreased in the third quarter, data from Statistics South Africa showed on Tuesday. The jobless
South Africa’s Unemployment Rate Falls for First Time in a Year
South Africa’s unemployment rate fell for the first time in a year, driven by job increases in the community and social services and construction sectors, as business confidence improves and economic growth shows signs of recovery.
CNET
3h
Mortgage Rate Predictions: The Aftermath of a Fed Rate Cut and the Election
The Federal Reserve delivered a 0.25% interest
rate
cut last week. But prospective homebuyers wishing for lower mortgage ...
2h
on MSN
Fed's Schmid: extent of further rate cuts 'remains to be seen'
Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank's interest-rate cuts to ...
6h
Next Fed rate cut could be 'least justified one in modern history': Leuthold Group
Forget the "Fed put." These days, it's starting to seem like the Federal Reserve has been working on a new derivative: the ...
The Wall Street Journal on MSN
5h
Inflation Picks Up to 2.6%, but Door Stays Open to Fed Rate Cut
If it is much firmer than Fed officials would like, they might opt to put further
rate
cuts on temporary hold. That would ...
Bloomberg L.P.
3h
Fed’s Musalem Sees Gradual Rate Cuts If Inflation Keeps Falling
“Monetary policy is well positioned to return inflation to target and support maximum employment through gradual adjustments ...
Reuters on MSN
1h
New Zealand house prices rise in October as rate cuts boost confidence
New Zealand's central bank cut its benchmark
rate
in August, the first decrease since March 2020, and slashed rates by ...
CNET on MSN
2d
Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years.
1d
Today's Best Savings Accounts Still Pay Almost the Highest Rate in Two Decades—Up to 5.50%
Despite the Federal Reserve cutting interest rates last week, the nation's best high-yield savings accounts still include ...
1d
on MSN
Hysterics as Woman Tests Boyfriend in 'Love Island' 'Heart Rate' Challenge
For those unfamiliar with the Love Island heart rate episode, it's a fan-favorite segment of the show where each contestant ...
5h
New Hampshire unemployment rate for October steady
New Hampshire's seasonally adjusted unemployment rate for October did not change from September. According to preliminary ...
Reuters
1d
Brazil c.bank warns of extended rate-hike cycle if inflation expectations worsen
Central bank's action crucial to steer inflation expectations back to 3% target Market inflation expectations remain above ...
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