The Federal Reserve lowered its benchmark interest rate by 0.5% in September 2024 to counter economic slowdown risks. Despite inflation progress, challenges persist as the Fed aims for 2% inflation and steady employment.
Author: Jason Chang
Amazon’s New Return-to-Office Policy: A Bold or Risky Move?
Amazon’s decision to require employees to return to the office five days a week is dividing opinions. While local businesses celebrate, many workers express concerns.
Gold Surges as Fed Rate Cuts Loom and Global Demand Increases
Gold prices are hitting new records as market uncertainty grows ahead of potential Federal Reserve rate cuts. Explore why gold is becoming an all-weather hedge in times of economic unpredictability.
August 2024 Consumer Price Index: Inflation Rises by 2.5%
The Consumer Price Index (CPI) for August 2024 reported a 2.5% inflation increase over the past year, with rising shelter costs driving the increase. Food prices remained stable, while energy prices saw a decline.
Social Security Increase for 2025 Estimated at 2.5%
The Social Security cost-of-living adjustment for 2025 is projected to be 2.5%, the lowest in years. This adjustment, driven by cooling inflation, could impact millions of Americans relying on Social Security benefits.
Germany Rejects Draghi’s Call for Joint EU Borrowing
Germany’s finance minister rejects Mario Draghi’s proposal for joint EU borrowing to fund massive investments in energy, transport, and cleantech, citing fiscal concerns. Learn more about the controversial debate.
Big Lots Files for Bankruptcy and Plans Store Closures
Big Lots has filed for Chapter 11 bankruptcy and is being acquired by Nexus Capital Management. The retailer plans to close more stores while continuing to operate under new ownership.
Why the August Jobs Report is Crucial for the Fed’s Rate Cut Decision
The August jobs report will play a key role in the Federal Reserve’s upcoming decision on interest rate cuts. Economic data will provide insight into labor market trends.
Bitcoin Faces Serious $40,000 Crash Amid Fed’s Dollar Collapse Warning
Bitcoin faces a potential price crash to $40,000 amid fears of a U.S. dollar collapse and Federal Reserve rate cuts. Despite this, institutional interest in Bitcoin from firms like BlackRock and Fidelity is fueling debate over its role in the future of finance.
Stock Markets Drop as September Kicks Off with Major Selloff
Wall Street experienced a major selloff as weak economic data stoked fears of a potential recession. The Dow plunged over 600 points, while tech stocks also took a major hit.