Despite stubbornly high inflation recently and a sturdy economy and job market, the Federal Reserve is expected to cut interest rates this week for the third straight meeting. What gives? Some economists say Fed officials could be making a blunder that risks reigniting inflation and undercutting their pledge to rely on the latest data when…
The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group UNH.N shares weighed on the index. The S&P 500 consumer discretionary index .SPLRCD…
NEW YORK/LONDON, Dec 3 (Reuters) – The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea’s president declared martial law in an unannounced late-night address on television. The euro, meanwhile, which has hogged the headlines of late, recovered versus the greenback as political turmoil in France sent traders…
U.S. News and World Report used factors such as quality of life, job markets, cost of living and desirability to determine the best cities to live in. These categories include metrics like crime rates, air quality, migration trends and surveys. Using data from the Federal Bureau of Investigation, the U.S. Department of Labor, the U.S….
Nov 13 (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an…