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US Inflation to Edge Up as Powell Shifts on Job Market Yahoo FinanceUS Inflation to Edge Up as Powell Shifts on Job Market: Eco Week Bloomberg.comDivided Fed worried about tariffs, inflation and the labor market, minutes show CNBCFed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher NPRFed Minutes Reveal Broad Support f
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Donald Trump seems ready to do anything to get lower interest rates. The Fed might offer a cut in September; however, be wary of anyone's certainty past then.
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Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts AP NewsStock market today: Dow jumps 800 points to record, S&P 500, Nasdaq soar as Powell's Jackson Hole finale fuels bets on September rate cut Yahoo FinancePowell fires up markets, but some investors see reason for caution ReutersJerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York Times
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2025 Tour Championship leaderboard: Patrick Cantlay makes charge, ties Tommy Fleetwood entering final round CBS SportsPGA Tour Championship: Tommy Fleetwood claims share of lead, Scottie Scheffler frustrated BBCTour Championship: Tommy Fleetwood and Patrick Cantlay top leaderboard going into final round Yahoo Sports2025 Tour Championship Saturday TV coverage: How to watch Round 3 golf.com
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Fresh off Texas Senate's approval, new congressional map is target of lawsuit The Texas TribuneHow Redistricting Wars Could Give the G.O.P. Up to 7 Seats The New York TimesA Partisan Shot Fired in Texas Reverberates Around the Country The Wall Street JournalTexas Senate passes new Republican-drawn congressional map NBC NewsWhy California and Texas are at the centre of a redis
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Frustrated, Trump's confidence in Ukraine deal appears to be waning The Washington PostThe ‘Big Tactical Error' in the Russia-Ukraine Negotiations PoliticoA week after Trump embraced Putin, the Ukraine peace effort is going nowhere CNNWho will America's president listen to next on Ukraine? The EconomistThe President's P
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The dozen states that implemented a refundable CTC program in the wake of the pandemic held down child poverty rates relative to states that didn't act.
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In a CNBC interview, the policymaker did not share the market's enthusiasm for a cut.
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Federal Reserve chairman Jerome Powell signaled a possible interest rate cut in the months to come, sending stocks sharply higher.
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Also in today's newsletter, Santander's Wall Street ambitions and Macron's €800mn vision for the Louvre
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Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
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"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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