The U. S. Federal Reserve might lower interest rates in December. This is because the economy shows signs of slowing down. Job growth is weaker than before. Inflation is also lower. These changes make it likely that the Fed will cut rates. Investors are hopeful. They think cheaper money is coming.
People are placing bets on what the Federal Reserve will do with interest rates next month. The chances of a small cut, 25 basis points, have gone up to 81% on a platform called Polymarket. This is a big jump from the 67% seen the day before and 44% from the previous week. But the idea of a larger c
In a significant legal showdown, a federal judge in Denver recently took a stand against what he saw as excessive actions by immigration authorities. Judge R. Brooke Jackson, who was appointed by President Obama, criticized Immigration and Customs Enforcement (ICE) agents for conducting warrantless
Last week, fewer Americans filed for unemployment benefits, hinting that job cuts are still relatively low. The numbers dropped by 6, 000 to 216, 000, which is below what experts predicted. This data is a good way to check the health of the job market. However, the situation isn't all positive. The
Indian stocks kicked off Wednesday on a high note. This surge came as investors around Asia felt more confident. They think the U. S. Federal Reserve might cut interest rates soon. Tech and metal companies led the charge, pushing the market up. The Nifty 50 and BSE Sensex both climbed by 0. 32%. Th
Muriel Bowser, the current mayor of Washington, D. C. , has decided not to run for another term. She has been in office since 2015, and her third term will end in January 2027. Bowser made this announcement in a video posted on social media, expressing gratitude for her time in office and the suppor
The Department of Justice (DOJ) has changed its mind about a rule that would have stopped immigrants who are crime victims from getting certain legal help. This change came after Massachusetts Attorney General Andrea Campbell said the DOJ agreed not to enforce the rule on millions of dollars given t
In Norfolk, a tough situation is unfolding. Many families, like Kathleen Winters' family, are feeling the pinch. They earn a decent income, around $100, 000 a year. But they might have to pay a lot more for health insurance soon. This is because some help from the government, called tax credits, is
The U. S. Treasury Secretary, Scott Bessent, recently shared his thoughts on the Federal Reserve's approach to managing interest rates. He believes the current system is too complex and needs a major overhaul. According to Bessent, the Fed's strategy for controlling interest rates has become overly
People are feeling less sure about the economy and their own futures. A recent survey shows that worries about finding a job are growing. The survey's main number, which measures how people feel about the economy, dropped to 88. 7 in November. This is the lowest it's been since April and a big drop
