• August 15, 2024

Top Fed official says he’s open to a rate cut in September because the central bank can’t ‘afford to be late’

Inflation is cooling and at least one Federal Reserve official said he is “open” to rate cuts at the central bank’s next meeting in September . Raphael Bostic, President of the Atlanta Fed and ...

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• August 15, 2024

Barbara Corcoran: Buy a home now; don’t wait for a Fed rate cut

Barbara Corcoran isn’t afraid of high mortgage rates, and she doesn’t want you to be either. In an interview with Bloomberg Television, the self-made real estate millionaire and Shark Tank ...

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• August 15, 2024

Peru’s Economic Recovery Stalls in June as Growth Comes in Below All Forecasts

(Bloomberg) -- Peru’s economic recovery suddenly stalled in June, as the economy barely grew after two months of beating expectations. The economic activity index, a proxy for gross domestic prod...

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• August 15, 2024

Steadfast US Consumer, Job Market Allay Concerns About Economy

(Bloomberg) -- Fresh readings on retail spending and unemployment benefits quelled some of the restiveness about the US economy, parts of which remain restrained by elevated interest rates. The v...

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• August 15, 2024

More Fed officials line up behind September rate cut

By Lindsay Dunsmuir (Reuters) -Two more Federal Reserve officials on Thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale ...

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• August 15, 2024

Gold (XAU/USD) – Repeated Attempts at a Fresh All-Time High, US Retail Sales Weigh

Gold (XAU/USD) – Repeated Attempts at a Fresh All-Time High, US Retail Sales Weigh Gold continues to test, and reject, its previous all-time high at $2,485/oz. and a break higher is being...

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• August 15, 2024

Pakistan's internet firewall could cost economy $300 million, association says

By Ariba Shahid KARACHI (Reuters) - Pakistan's economy could lose up to $300 million due to internet disruptions caused by imposition of a national firewall, the Pakistan Software Houses Associat...

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• August 15, 2024

Retail sales soar past Wall Street estimates in July

Retail sales surpassed Wall Street's estimates in July, helping ease concerns of a significant slowdown in the US economy. Retail sales rose 1% in July. Economists had expected a 0.4% increase in...

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• August 15, 2024

Stock market today: US futures rise after retail sales, jobs data as Walmart surges

Stock futures rose Thursday as Wall Street took in signals that pointed to a still-strong US consumer and labor market. Futures tied to the S&P 500 ( ES=F ) were up 0.5%, while those on the tech-h...

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• August 15, 2024

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. Jobless claims ...

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