Federal Reserve is set to cut rates again while facing a hazy post-election outlook (original) (raw)
Money & Markets
November 4, 2024
WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still ...
US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
September 12, 2024
WASHINGTON — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential ...
USPS proposes changes to save $3 billion per year, starting in 2025
August 23, 2024
The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks — while retaining local mail delivery times of one to three days and allowing customers to track some delivery schedules with greater precision. Election ...
Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
July 30, 2024
the associated press WASHINGTON — Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as ...
US new-vehicle sales barely rose in the second quarter
July 3, 2024
DETROIT — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there’s a possibility of interest-rate cuts that ...
Well-built Chinese EV called the Seagull poses a big threat to the US auto industry
May 14, 2024
LIVONIA, Mich. — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made ...