• August 30, 2024

US dollar gains after inflation data

NEW YORK (Reuters) - The U.S. dollar gained on Friday after data showed a key inflation measure came in line with expectations, while personal spending and income increased, reinforcing expectations...

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• August 30, 2024

Traders see Fed delivering 25 bps cut in Sept, 100 bps by year-end

(Reuters) - Traders added to bets that the Federal Reserve will start U.S. interest-rate cuts next month with a quarter-point reduction in the policy rate, rather than a bigger half-point cut, after...

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• August 30, 2024

US consumer spending picks up; inflation rises moderately in July

WASHINGTON (Reuters) - U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point inter...

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• August 30, 2024

Futures extend gains after inflation data

(Reuters) - U.S. stock index futures extended gains on Friday after a key inflation report showed price pressures rose almost in line with expectations in July, confirming bets on an interest-rate c...

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• August 30, 2024

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting i...

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• August 30, 2024

Germany’s Struggling Economy Starts to Take a Toll on Its Banks

(Bloomberg) -- Germany’s banks are starting to feel the pinch from the stagnating economy. Risk provisioning by the country’s largest lenders rose almost 50% in the first half of the year, with m...

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• August 30, 2024

Brazil’s Unemployment Rate Drops Again as Economy Stays Strong

(Bloomberg) -- Brazil’s unemployment rate fell in line with expectations as a strong jobs market propels growth and piles pressure on the central bank to lift doubt-digit interest rates even higher....

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• August 30, 2024

Big banks are taking heat for paying low rates on idle cash

The scrutiny of how banks and brokerages treated their customers during an era of high interest rates is heating up just as that era draws to a close. Raymond James ( RJF ) and JPMorgan Chase (...

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• August 30, 2024

Stock market today: Wall Street leans toward more gains ahead of important U.S. inflation update

Wall Street pointed toward gains early Friday ahead of a highly anticipated inflation update from the U.S. government. Futures for the S&P 500 were up 0.4% before the bell, while futures for the ...

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• August 30, 2024

Inflation is causing pet parents to pull back on treats, says J.M. Smucker’s CFO

Good morning. A snack to fit your mood, a sandwich for lunch, or even giving your dog a treat, are just some of the “consumer occasions” that J.M. Smucker Company strives to supply, says CFO Tucker ...

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