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7 mentions found


☆ The blockbuster jobs report just gave Kamala Harris a boost where she needs it most
  + stars: | 2024-10-04 | by ( Ayelet Sheffey | Madison Hoff | Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
The September jobs report came in stronger than expected, with 254,000 jobs added. AdvertisementThe latest jobs report might be just what Vice President Kamala Harris needs. The latest jobs report could change that — taking away some of former President Donald Trump's ammunition to hammer Harris on the economy. AdvertisementRecent days have included not only a stellar jobs report but also the end for now of the dockworkers' strike at East Coast ports. "With today's report, we've created 16 million jobs, unemployment remains low, and wages are growing faster than prices," the statement said.
Persons: Kamala Harris, Trump, Harris, Biden, —, Joe Biden, Donald Trump's, Matt Colyar, Colyar, Pew, leaners, they're, we've, Labor Julie Su, We've, we're Organizations: Service, Moody's, University of Michigan's, Consumers, Pew Research Center, Democratic, Republican, The New York Times, Siena College, Pew Research, Labor Locations: East Coast
☆ Interest rate cuts probably aren't here just yet, but they could finally reach Americans in under 2 months
  + stars: | 2024-07-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com   time to read: +5 min
It's safe to say that Americans can count on an interest rate cut pretty soon, but probably not this week. On Wednesday, the Federal Open Market Committee will announce its next interest rate decision, and it's once again expected to hold rates steady. However, the FOMC's September meeting could finally bring Americans the relief they've been waiting for — CME FedWatch showed markets think it's all but certain the Fed will cut rates that month. Lower interest rates would make borrowing more affordable for consumers and businesses alike. "You have kept interest rates too high for too long: it is time to cut rates," they wrote.
Persons: it's, Claudia Sahm, Greg McBride, There's, Jerome Powell, Powell, Sahm, Matt Colyar, September's, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Federal, CME FedWatch, Business, New Century Advisors, Fed, Banking, Housing, Urban Affairs, Democratic, Moody's
☆ Key takeaways from the Fed’s latest interest rate decision
  + stars: | 2024-06-12 | by ( Bryan Mena | ) edition.cnn.com   time to read: +6 min
Officials penciled in just one rate cut this year, according to their latest economic projections, compared to the three they forecast in March. They also expect inflation to be more stubborn this year than they thought in the spring, according to their forecasts. The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Here are key takeaways from the Fed’s latest decision on interest rates. Still-high inflation is continuing to eat into some budgets, pandemic savings are drying up, borrowers continue to pile on more debt and the highest interest rates in nearly a quarter century are squeezing Americans.
Persons: Jerome Powell, Powell, ’, it’s, ”, “ We’ve, ” Powell, trickling, Wall, Matt Colyar, “ Organizations: Washington CNN, Federal Reserve, Labor Department, That’s, CPI, Fed, Moody’s Locations: April’s
☆ Dashing Through These Films
  + stars: | 2023-12-01 | by ( Elisabeth Vincentelli | ) www.nytimes.com   time to read: 1 min
The most fun entry on the BET+ slate is Terri J. Vaughn’s comedy about friendship. When Wyvetta (Tichina Arnold, from “The Neighborhood”) is dumped at the altar on Christmas Eve, she and her supportive bestie Dione (Tami Roman) publicly swear off romance on their podcast. Um, did these two women really intend to remain chaste for the rest of their lives? Filmed largely in Atlantic City, this breezy movie benefits from Arnold and Roman’s believable camaraderie. And we could have used a lot more of Michael Colyar and Jackée Harry as Wyvetta’s forbearing parents.
Persons: Terri J, Tichina Arnold, Dione, Tami Roman, Clarence, Robert Christopher Riley, —, Arnold, Michael Colyar, Harry, Wyvetta’s Organizations: BET Locations: Atlantic City
☆ Takeaways from the February jobs report
  + stars: | 2023-03-11 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
Minneapolis CNN —February’s jobs report had a little something for everyone. In February, the construction industry added 24,000 jobs, marking 12 consecutive months of employment growth. Friday’s report showed that “a modicum of slack crept back into the jobs market,” wrote Wells Fargo economists Sarah House and Michael Pugliese. However, Friday’s jobs report likely won’t spur a more dovish turn from the Fed, said Sean Snaith, an economist and director of the University of Central Florida’s Institute for Economic Forecasting. “We didn’t go from a four-alarm fire to a five-alarm fire with this data report, but the inflation flames aren’t out either,” he wrote in a note Friday.
☆ Americans are spending an extra $371 a month because of inflation
  + stars: | 2023-01-14 | by ( Matt Egan | ) edition.cnn.com   time to read: +1 min
New York CNN —From rent and groceries to utilities, families are paying a lot more every month as they try to keep up with inflation. And while inflation has cooled in recent months, the typical household spent $371 more on good and services in December than a year ago, according to Moody’s Analytics. At the inflation peak last June, the typical family spent an additional $502 per month compared with the year before, according to Moody’s. Families are spending an estimated $82.60 more per month on shelter and $72.01 more on food, Moody’s said. Some of the pain from inflation is being mitigated by a significant shift in recent months: Wages are finally growing at a faster pace than inflation.
☆ Dow and S&P 500 updates: Stock market news
  + stars: | 2022-12-16 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
New York CNN —The good vibes on Wall Street are fading fast: US stocks tumbled yet again Friday as investors come to grips with a souring economy. S&P 500 futures fell 1.4%, and Nasdaq Composite futures were 1.1% lower. CNN Business’ Fear and Greed Index, a measure of market sentiment, dipped perilously close to “Fear” Friday. Stocks had been riding high this month on weaker-than-expected inflation and a number of stronger-than-expected reports on the broad economy and the job market. The S&P 500 lost 2.5% and the Nasdaq tumbled 3.2%, their worst days in a month.
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