News and Trends
Capital One customers not getting payments amid outage -Fox Business--1.16.25
Capital One said it is experiencing a technical outage that's keeping customers from getting payments. It is the latest blow to the financial institution, which is being sued by the Consumer Financial Protection Bureau for allegedly misleading customers by not notifying them of account options that paid higher interest rates. 
Fed Governor Waller sees potential for multiple interest rate cuts in 2025 - CNBC--1.16.25
Fed Governor Christopher Waller told CNBC on Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. Traders increased their bets for a slightly more aggressive pace of rate cuts following Waller's remarks.
Gold climbs to over one-month high on weaker yields after US data - 1.16.25
Gold prices rose to a more-than-one-month high on Thursday after the latest U.S. economic data pressured Treasury yields further, increasing bets for a more dovish Federal Reserve policy. Markets now expect the Fed to deliver 37 basis points worth of rate cuts by year-end.
Budget deficit rose in December and is now 40% higher than it was a year ago - CNBC--1.14.25
The three-month fiscal year 2025 deficit rose to $710.9 billion, some $200 billion more than the comparable period in the prior year. Rising financial costs along with continued spending growth and declining tax receipts have combined to send deficits spiraling.
PPI shows wholesale inflation increased less than expected in December - Yahoo! Finance--1.14.25
Wholesale prices rose less than expected in December, a positive sign for the economy amid recent market fears that inflation isn't falling as quickly as hoped to the Fed's 2% target.
36% of Americans took on holiday debt this year — averaging $1,181 — survey finds. These tips can help - CNBC--12.26.24
This holiday season, 36% of Americans took on debt, with average balances of $1,181. Less than half of the people who took on debt expected to do so as higher prices caused by inflation remain an issue for many individuals.
New US jobless claims slip, but people are remaining unemployed for longer - Reuters--12.26.24
The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week. Meanwhile, those who have lost work are finding it harder to find a new job and are remaining on benefits for a longer stretch.
It’s time to sell the U.S. dollar, Morgan Stanley says - Market Watch--12.9.24
Investors are overwhelmingly bullish on the U.S. dollar. In the eyes of Morgan Stanley's analysts, that means it is time to sell. The bank's analysts believe investors may be "overestimating the speed, breadth and magnitude" of the shifts to U.S. trade policy brought in by Trump's administration.
Feds using banks to surveil Americans' financial data without warrants, House Judiciary says | Fox News - Judiciary Committee--12.6.24
Federal law enforcement has been manipulating the Suspicious Activity Report system to gain access to Americans' financial information without warrants or probable cause, the House Judiciary Committee said on Friday.
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