News
Fed's Waller Warns Inflation at 'Crossroads,' Rate Hike Possible if Data Don't Improve
11+ hour, 27+ min ago (334+ words) Fed’s Waller Warns Inflation at ‘Crossroads,’ Rate Hike Possible if Data Don’t Improve citybuzz - Federal Reserve Governor Christopher Waller said U.S. monetary policy has reached a “crossroads,” warning that the Federal Reserve may need to tighten policy if core…...
Federal Reserve Focus on Core Inflation Signals Potential Rate Hikes
11+ hour, 27+ min ago (447+ words) citybuzz - When Federal Reserve officials discuss inflation, they often focus on core inflation rather than overall inflation. Core inflation excludes food and energy prices because those categories can swing dramatically due to events such as geopolitical conflicts, weather or supply…...
Central Bank Gold Repatriation Signals Bullish Outlook for Bullion Prices
1+ day, 3+ hour ago (300+ words) Central banks around the world, including those in Germany, Poland, India, Russia, and Brazil, have been moving their gold reserves from the New York Fed and London to vaults they own domestically. This accelerating trend has significant implications for gold…...
Copper Prices Now More Dependent on US Tariff Decision Than Strait of Hormuz Uncertainty
1+ week, 3+ hour ago (322+ words) citybuzz - Months after Operation Epic Fury disrupted global metals markets, uncertainty surrounding the Strait of Hormuz is no longer the dominant force shaping copper prices. Although conflicting messages from Iran over whether the waterway is fully operational continue to create…...
Main Source Funding Highlights Alternatives to Credit Card Debt and the Benefits of Debt Consolidation
1+ week, 14+ hour ago (177+ words) For households juggling balances across several cards, the real hurdle is often less about the debt itself and more about understanding the available paths well enough to choose one. Main Source Funding’s awareness push aims to close that information gap…...
Little Rock Renters May Be Paying More Than a Mortgage, Broker Says
2+ week, 10+ hour ago (463+ words) Jerry Larkowski, managing broker at ESQ. Realty Group, LLC in Little Rock, says many renters in the city are delaying home purchases in hopes of lower mortgage rates, but that wait may be costing them more than they realize. “When…...
Canada Faces First AI-Era Recession: What It Means for Jobs and Finances
2+ week, 1+ day ago (435+ words) citybuzz - As economic indicators confirm Canada has entered a technical recession, Alberta faces an unprecedented economic landscape shaped by artificial intelligence. Statistics Canada reported that the number of Canadian businesses using AI to produce goods or deliver services tripled from…...
Fed Stress Test: Largest U.S. Banks Can Weather Severe Recession with $708 Billion in Loan Losses
2+ week, 4+ day ago (354+ words) The Federal Reserve’s annual bank stress test, released on June 26, 2026, indicates that the nation’s largest banks are well-capitalized and capable of withstanding a severe economic downturn. According to the test, all 32 banks tested maintained capital levels above their minimum regulatory…...
RPM Warranty Offers $750 Off Vehicle Protection Plans for July 4th, Marking America's 250th Anniversary
2+ week, 4+ day ago (303+ words) citybuzz - RPM Warranty has launched a July 4th sales event offering $750 off qualifying vehicle protection plans, coinciding with America’s 250th anniversary. The limited-time promotion runs through July 10, 2026, and applies to select vehicle service contracts purchased nationwide. The company says the discount aims…...
New York Real Estate Investors Lose Deals by Waiting for Rate Cuts, Lender Warns
4+ week, 11+ hour ago (225+ words) New York real estate investors who hold off on deals waiting for the Federal Reserve to cut interest rates are losing opportunities to competitors who execute at current rates, according to Ruben Izgelov, CEO and Founder of We Lend LLC,…...