Traders are speculating more actively on an interest rate cut by the Federal Reserve in December. This prediction is based on new inflation data that aligns with current expectations. As a result, Treasury debt is seeing a boost. The yield on two-year notes, which closely follow Fed rate decisions,
The Northrop Grumman B-21 Raider, initially priced at $550 million per unit, is likely to cost more as time goes on. This isn't surprising. The Department of Defense knows that inflation and economic pressures make weapons programs costlier. John Venable, from The Heritage Foundation, says increased
In a recent announcement, the Federal Reserve decided to lower their key interest rate by a small amount. This move comes as inflation is getting closer to the central bank's target of 2%. The Fed noted that while inflation is still a bit high, unemployment is low. They also mentioned that the job m
Elections always shake things up, and the latest one is no different. The Federal Reserve is planning to lower interest rates again on Thursday. Why? To tackle inflation, which has been bothering many Americans. But here's where it gets tricky. The new President-elect, Donald Trump, has some bold ec
The financial world is buzzing with excitement as Donald Trump makes his comeback to the White House. Stocks are on a roll, with the S&P 500 leaping by 2. 1% and the Dow rocketing up by 1, 292 points. Bitcoin investors are over the moon, with prices reaching a record high of over $75, 000. Trump's f
The Federal Reserve is set to lower interest rates this week, but this time it's not about boosting a struggling economy. Instead, they're responding to lower inflation rates. The upcoming presidential election might not change this decision right away, but the winner could influence what the Fed do
Retail investors have been busy snapping up bitcoin and gold before the upcoming U. S. presidential election, expecting potential benefits if former President Trump wins. According to a report from JPMorgan, these investors are part of the "debasement trade, " where they buy these assets to hedge ag
In September, inflation inched up, drawing closer to the Federal Reserve’s target. The personal consumption expenditures price index saw a 0. 2% increase, with an annual rate of 2. 1%, right in line with predictions. The Fed heavily relies on PCE readings, though they also consider other indicators.
British businesses are feeling the pinch after the UK's Finance Minister, Rachel Reeves, announced a tax-hiking budget. The biggest change is an increase in National Insurance (NI) payroll tax for employers. This will rise from 13. 8% to 15% from April 2025 and will start at a lower income threshold
Anthony Scaramucci, the founder of SkyBridge Capital, believes the US can manage its debt crisis by allowing inflation to rise slightly. This strategy might not be great for savers and lower- to middle-income households, but Scaramucci thinks it's the way to go. He made these comments just before th
