News and Trends
Middle-income households with negative views of their personal finances surges to new high - Fox Business--10.13.24
America's middle class is feeling the squeeze like never before, according to new data. According to new data, 55% of middle-income households now rate their personal financial situation negatively. The findings also indicated growing uncertainty about the economy. 
Inflation rises 2.4% in September, above expectations - Fox Business--10.10.24
Inflation continued to cool in September to the lowest level in three years. Economists predicted that inflation would slow 2.3% on an annual basis with it rising 0.1% from last month. Overall, the report showed signs that inflationary pressures in the U.S. economy are continuing to ease, though prices remain above the Fed's 2% target.
Panic buying amid U.S. ports strike is creating supermarket supply concerns - CNBC--10.3.24
Grocery stores and retailers say consumers are panic buying products over shortage concerns as the U.S. East and Gulf Coast ports strike continues. The National Retail Federation told CNBC retailers have been preparing for the possibility of a strike at East and Gulf Coast ports for months, including frontloading shipments of discretionary and non-discretionary products.
Bank of America says widespread outage is nearly fixed - CNN Business--10.2.24
Bank of America customers are reporting that they are having trouble accessing their bank accounts on Wednesday. Many customers complained they could not see their account balances and the ones who could access their accounts were startled to see zero balances.
Fed Chair Jerome Powell: 'Growing confidence' inflation cooling, more rate cuts possible - USA Today--9.30.24
Fed Chair Jerome Powell on Monday said there's "growing confidence" that inflation is moving toward the central bank's 2% goal during his latest speech. Powell also said that two further rate cuts are possible if the economy continues to perform as expected.
Hidden Agendas: Beware Of The Government's Push For A Digital Currency - Zero Hedge--9.25.24
The government wants your money and it will beg, steal or borrow to get it. No matter how much money the government pulls in, it's never enough so the government has to keep introducing new plans to empower its agents to seize Americans' bank accounts.
Why the Fed may do another 'jumbo' cut - Yahoo! Finance--9.25.24
Socks rallied following the Fed's interest rate cut last week. One expert believes we may see another aggressive cut. "I think we're going to see more cooling of the labor market, which might tilt them more toward a 50 basis point cut as opposed to a 25," says strategist Brian Jacobsen.
September consumer confidence falls the most in three years - CNBC--9.24.24
Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grow about jobs and business conditions. Respondents' concerns mostly focused on jobs and inflation.
Fed’s favorite PCE inflation gauge likely to show cooling inflation and back further rate cuts - Market Watch--9.24.24
The rate of U.S. inflation using the Fed's favorite gauge is likely to show prices rising in August slightly faster than the central bank's 2% goal, but on a downward trend that justifies further cuts in interest rates.
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