The Fed Will Cut Interest Rates At Least Twice in 2025, According to Wall Street. Here's What It Means for Stocks The soaring inflation from the pandemic is now in the rearview mirror, so the Federal Reserve is reversing its interest rate hikes from 2022 and 2023. Lower rates could boost consumer spending, which ... 12/6/2024 - 8:27 pm | View Link
Why Powell and the Fed should pause interest-rate cuts in December The conventional wisdom among economists and traders is that the Federal Reserve is going to cut its benchmark interest rate by another quarter of a percentage point on Dec. 18, and then pause at its ... 12/6/2024 - 6:57 am | View Link
Cleveland Fed's Hammack favors slower pace of rate cuts than she did in September Cleveland Fed President Beth Hammack favors taking a slow pace in adjusting the Federal Reserve's policy rate, she said Friday at the City Club of Cleveland, according to prepared text. The strength ... 12/6/2024 - 4:00 am | View Link
Hammack Says Fed ‘At or Near’ Point of Slowing Rate Cuts Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are “at or near” the point where the central bank should slow the pace of interest-rate reductions, citing a strong economy ... 12/6/2024 - 4:00 am | View Link
Fed's Hammack says time to slow rate cuts may have arrived In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as ... 12/6/2024 - 3:04 am | View Link
Culdesac Tempe is a carless community in Arizona. Joey Hadden/Business InsiderCuldesac Tempe, a car-free neighborhood in Arizona, opened in 2023. Millennials and Gen Zers are paying more to live in walkable communities. I toured the carless neighborhood and found a walkable community with micro-retailers. I'm a New Yorker who doesn't drive, and I've always felt like I couldn't move without a license.
President-elect Donald Trump's stance on a TikTok ban has changed over time, but his cabinet picks have been more resolute. Jaap Arriens/NurPhoto via Getty ImagesPresident-elect Donald Trump once supported a US ban on TikTok. Then, during the 2024 presidential campaign, Trump said he would "save TikTok."His cabinet picks might indicate what position he'll ultimately take once in office.
The government started investigating the Salt Typhoon hack after Microsoft sounded the alarm about irregularities.d3sign/Getty ImagesThe Salt Typhoon hack is one of the largest attacks on US telecommunications ever, officials say. The yearslong attack originated in China and targeted major telecom companies like AT&T and Verizon. The NSA says it believes Chinese hackers were targeting senior US political figures.
President-elect Donald Trump reiterated that he's a "big believer in tariffs" on NBC's "Meet the Press" on Sunday. Remon Haazen/Getty ImagesTrump has proposed 25% tariffs on imports from Canada, China, and Mexico. Trump said he doesn't "believe" the tariffs would cause price increases at home. But, he told Kristen Welker on NBC's "Meet the Press" on Sunday, "I can't guarantee anything."President-elect Donald Trump, in an NBC News interview that aired on Sunday, said he doesn't "believe" his tariff proposal will raise consumer prices for American families but stopped short of making a promise."I can't guarantee anything," Trump told "Meet the Press" moderator Kristen Welker in his first major network television interview since the November general election.
Alexis Bledel as Rory Gilmore and Lauren Graham as Lorelai Gilmore. Mitchell Haddad/CBS Photo Archive via Getty ImagesWhen I watched "Gilmore Girls" as a single mom I felt inspired by Lorelai Gilmore's parenting. In many ways, the show became my guide for being a young single parent. I admire Lorelai's close relationship with her child and how she's also her friend.
A pair of ruby slippers worn by Judy Garland in the classic 1939 film "The Wizard of Oz."Yui Mok/PA Images via Getty ImagesA pair of ruby slippers has become the most expensive piece of entertainment memorabilia sold at auction. The shoes, which featured in "The Wizard of Oz," fetched $28 million at auction.