Fed Sees Economy Solid, Inflation Easing as December Rate Cut Looms The description of the dilemma the Fed faced in balancing its twin mandate of maintaining a healthy labor market and economy while also keeping prices stable came in the minutes o ... 12/4/2024 - 7:44 am | View Link
Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. 12/4/2024 - 6:55 am | View Link
Powell Says Economic Strength Gives Fed Ability to Take Time on Rate Cuts The economy is strong, and it’s stronger than we thought it was going to be in September,’ said the Fed chief. 12/4/2024 - 5:13 am | View Link
Inflation threatens Fed rate-cut expectations once again. Here’s why. With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ... 12/4/2024 - 4:12 am | View Link
Powell Remarks Watched for Sign of Pushback or Support of Fed Rate Cut The Fed chair in fact has pressed on the need for the central bank to keep its options open at a time of increased uncertainty about the shape of broader economic policy in the coming year, some ... 12/4/2024 - 3:00 am | View Link
The world food price index is compiled by the U. N.’s Food and Agriculture Organization.
The United Nations’ world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday.
The FDA this week posted four additional recall notices related to cucumber-containing products. Here’s the latest update and what you need to know.
A cucumber recall that began days before Thanksgiving is being expanded again amid ongoing fears that a wide variety of products may be contaminated with Salmonella.
David Sacks is considered a member of the ‘PayPal Mafia’ of former executives from the firm that includes Trump supporters Peter Thiel and Elon Musk.
U. S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his “White House A. I. & Crypto Czar,” another step towards overhauling U.
Disney’s development process for ‘Moana 2’ angered some animators who increasingly see jobs moving outside of the U. S.
As Disney confirmed on Monday, Moana 2 is a huge success. The film’s staggering $389 million holiday-weekend gross marks the highest global opening of any animated film ever.
Follow your nose: The specialty retailer’s annual steep discounts for candle enthusiasts kick off this weekend.
There’s a magical element to the flickering light of a candle that is both cozy and romantic. A feast for the senses is created with the illumination and pleasant aromas that waft through the air.
OpenAI released its most advanced AI model yet, called o1, for paying users on Thursday. The launch kicked off the company’s “12 Days of OpenAI” event—a dozen consecutive releases to celebrate the holiday season.
OpenAI has touted o1’s “complex reasoning” capabilities, and announced on Thursday that unlimited access to the model would cost $200 per month.