Specialized search for economics

12+ min ago (49+ words) President Trump has been trying to drive home a message that some prices are lower than they were a year ago. CBS News chief White House correspondent Nancy Cordes reports on the president's upcoming economic event in Pennsylvania. Trump to tout lower prices in Pennsylvania despite data showing otherwise...

13+ min ago (43+ words) It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why. Federal Reserve expected to make 3rd straight interest rate cut Federal Reserve expected to make 3rd straight interest rate cut...

15+ min ago (90+ words) (CNN)" Tuesday, Dec. 9, the Federal Reserve started a two-day meeting in which it is expected to cut the federal funds rate. That would put downward pressure on interest rates for mortgages, auto loans, credit cards, and other debt. The Central Bank also tries to balance maximum employment with control of inflation. The Supreme Court is considering a case that could affect the Fed. It challenges President Donald Trump's firing of a former FTC commissioner. The case could affect his power over other independent agencies like the Fed....

15+ min ago (189+ words) MOSCOW, December 9. /TASS/. Further rapid easing of monetary and financial conditions could create risks to the sustained slowdown of price growth toward the 4% level in 2026, according to a report prepared by the Bank of Russia's Research and Forecasting Department. "Further rapid easing of monetary and financial conditions " which could spur an acceleration in credit growth and monetary aggregates " may create risks for the stable deceleration of price growth to 4% next year. This must be taken into account when determining the trajectory of the key rate in the months ahead," the report said. According to the regulator's analysts, rising inflation expectations also indicate the need to maintain tight monetary conditions for an extended period. "Given the time lags in the monetary-policy transmission mechanism, the restraining influence on price dynamics should continue in the coming quarters. However, to return inflation to 4% and…...

18+ min ago (913+ words) Instacart has been using a shady algorithm that charges different prices to different customers on the same grocery items in the same supermarkets " and the undisclosed price swings can be huge, according to an explosive study. At a Target store in North Canton, Ohio, the wildly popular grocery app charged a customer $2.99 for Skippy Creamy Peanut Butter one day in September " while other Instacart users that day paid as much as $3.59 for the same jar picked up from the same location, according to the study. At a Safeway supermarket in Seattle, shoppers using Instacart paid five different prices for the same Oscar Mayer Deli Turkey: $3.99, $4.31, $4.59, $4.69 and $4.89 " a range that spanned a whopping 23% between the lowest and highest markup. The same pattern emerged at Target and Safeway stores across four cities, according to Groundwork Collaborative and Consumer Reports, which used 437 shoppers…...

19+ min ago (275+ words) The poverty line threshold in the US is believed to be soaring from nearly $32,000 for a family of four to $140,000, according to a viral Substack post written by Michael Green where he lays out the criteria for inflated costs of living based on what American families are paying in various categories. Simplify Asset Management Chief Strategist Michael Green comes on Market Catalysts to talk more about how he got to this number and the financial pressures that working-class Americans are facing, particularly in the growing costs of childcare. as you well know, there's been a lot of arguments around this number since you came out with this estimate, Mike, but I I wonder what your take is on the debate that this has engendered and what you've taken away from kind of all this back and forth. they kind of…...

22+ min ago (979+ words) As the first hour of the after-hours US stock market session winds down, Wall Street looks nervous but orderly. Index futures and extended-hours quotes are barely budging after a mixed regular session that left the S&P 500 just shy of record territory, with traders laser'focused on tomorrow's pivotal Federal Reserve rate decision." [1] At around 5 p.m. ET, after-hours trading paints a picture of'wait and see" rather than panic or euphoria: most major benchmarks are fractionally lower, big-tech leaders are trading almost flat, and the real fireworks are in a cluster of small-cap earnings and biotech names. In the extended session, index-level moves are extremely mild:" [2] That follows a"mixed regular session"where:" [3] In"after-hours trading, mega-cap tech " the group that has powered much of 2025's rally " is basically treading water. Real'time extended-hours data shows"Nvidia, Microsoft, Apple, Alphabet and Meta"all moving only…...

23+ min ago (600+ words) EUR/USD trades with limited direction on Tuesday, holding around 1.1640 at the time of writing as market participants avoid taking major positions ahead of Wednesday's Federal Reserve (Fed) meeting. Expectations are firmly anchored as Futures markets assign nearly a 90% chance to a 25-basis-point rate cut, according to the CME FedWatch tool. Today's labour market releases offered mixed signals. According to Automatic Data Processing (ADP), private-sector employment increased by an average of 4,750 jobs per week over the four weeks ending November 15. Meanwhile, the Job Openings and Labor Turnover Survey (JOLTS) reported a slight rise in vacancies to 7.67 million in October. Hiring and separations remained broadly unchanged. However, these figures follow a worrying sequence of recent labour indicators that have highlighted moderating momentum in employment. Against this backdrop, today's data were not strong enough to reassure investors about the underlying health of…...

24+ min ago (563+ words) High government borrowing costs since Labour won the election have cost the taxpayer up to "7 billion amid concerns over the state of the UK's finances, but this "premium" is showing signs of coming to an end, according to a report. The Institute for Public Policy Research (IPPR) found the UK had seen "uniquely high" borrowing costs when compared to other advanced countries, with yields on government bonds " also known as gilts " having risen steadily since Labour came into power in the summer of 2024. Yields on gilts, which move counter to the price of bonds, were up to 80 basis points higher than competitors since the election, costing the taxpayer between "2 billion and "7 billion a year, the IPPR said. Repeated bouts of sell-offs had put gilts under pressure, it found, calculating that, at the peak, UK Government borrowing costs were six times…...

32+ min ago (374+ words) Gold prices are up on Tuesday, with the bright metal now hovering around $4,215 a troy ounce. A better market mood undermines near-term demand for the US Dollar (USD), despite the improved sentiment surging from upbeat United States (US) data. Now, the focus shifts to the US Federal Reserve (Fed). The central bank is widely anticipated to trim the benchmark interest rate by 25 basis points (bps) after its two-day meeting and announce it on Wednesday. The Fed will also release a fresh Summary of Economic Projections (SEP) in which policymakers share their perspectives on economic and monetary policy developments. (The technical analysis of this story was written with the help of an AI tool) Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years. Wells Fargo…...