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☆ What Forecasters Say About Interest Rates (and Why They Disagree)
▼ + stars: | 2024-05-14 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +1 min

How soon is soon? As the year started, there was a widespread view among economists and on Wall Street that the Federal Reserve would lower interest rates in the first half of the year. It was called “the pivot party,” and everyone was invited. And it seems the pivot party has been canceled. But some experts argue that it has only been postponed, leaving forecasters divided about what the rest of the year will bring.

Organizations: Federal Reserve, Fed, Financial

☆ Cloud Brightening Study in California Is Halted by Local Officials
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | ) www.nytimes.com time to read: 1 min

Officials in Alameda, Calif., have told scientists to stop testing a device that might one day be used to artificially cool the planet by making clouds brighter, reflecting planet-warming sunlight back into space. The experiment, conducted by researchers from the University of Washington, involved spraying tiny sea-salt particles across the flight deck of a decommissioned aircraft carrier, the U.S.S. Versions of that device could eventually be used to spray the material skyward, making clouds brighter and fighting global warming by bouncing away more sunlight. The experiment, which began on April 2, marked the first time in the United States that researchers had tested such a device outdoors. But on May 4, the City of Alameda wrote on its Facebook page that it had instructed the researchers to stop, citing possible health concerns.

Organizations: University of Washington Locations: Alameda , Calif, Alameda, San Francisco Bay, United States, City

☆ Gen Z is getting hit hard by inflation
▼ + stars: | 2024-05-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

For Gen Z, it was the Covid-19 pandemic. Why are we seeing that Gen Z is tapping into their credit more than their Millennial counterparts 10 years ago? Most Gen Z consumers are not homeowners. And so I think that’s been a big cause of what’s been driving a lot of that financial strain that Gen Z consumers have seen. The key is to not use the personal loans to pay off credit card debt and then run your credit card bills right back up after you do that.

Persons: TransUnion, Zers, Millennials, Gen Zers, Bell, Charlie Wise, we’ve, haven’t, You’re, Rishi Sunak, Hanna Ziady, Anna Cooban, Philip Jefferson, Loretta Mester, Jack, Neel Kashkari Organizations: CNN Business, Bell, New York CNN, Gross, Office, National Statistics, Bank of England, P, Federal, Cleveland Fed, Depot, US Labor Department, Cisco Systems, US Commerce Department, National Association of Home Builders, Index, Minneapolis, Walmart, Applied, Co, Baidu, Board Locations: New York, Kingdom, Wells Fargo

☆ UK GDP growth: Country exits recession as services bounce back
▼ + stars: | 2024-05-10 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +2 min

The increase follows falls of 0.3% in the fourth quarter and 0.1% in the third quarter of last year. The Bank of England now expects UK GDP to expand by 0.5% this year, double the pace forecast in February, according to projections published Thursday. A growing economy could, however, delay the interest rate cuts widely expected this year. “Stronger GDP growth raises the risk of stronger demand pressures on inflation,” analysts at Nomura wrote in a note, adding that Friday’s GDP release “casts doubt” over a cut in June. Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago.

Persons: Rishi Sunak, Sunak, Nomura, ”, Andrew Bailey, Bailey Organizations: London CNN, Gross, Office, National Statistics, Conservative Party, Labour Party, The Bank of England, P Global . Service, Bank of England Locations: United Kingdom

And perhaps best of all, money — from selling the electricity generated by the wind turbines studding the flat green fields stretching out to the North Sea. A slice of the cash goes to the villagers themselves, with the local buy-in making this windy farming enclave near the border with Denmark a showcase for ways to push ahead with renewable energy projects. The S&P Global Clean Energy Index of shares in companies with clean energy-related businesses has fallen 26% over the past year, even as broader market indexes have surged to records. In sub-Saharan Africa, where half the population lacks access to electricity, renewable projects face even steeper challenges with financing. In Nigeria, where blackouts are an everyday event for about half of the country’s 213 million people, some 14 solar projects have stalled because the finances don’t add up.

Persons: ”, Astrid Nissen, moos, “, Mackenzie, it's, Nissen, Christian Andresen, Andresen, Orsted, Vattenfall, David Shepheard, Edu Okeke, Taiwo Organizations: U.S . Federal Reserve, European Central Bank, University College London, Solar, Energie Andresen GmbH, Energy, logjams, World Bank Locations: SPRAKEBUELL, Germany, Denmark, village's, Spain, Italy, Africa, Flensburg, Sprakebuell's, German, Danish, New Jersey, Swedish, North American, Saharan Africa, Nigeria, Katsina, Abuja

Shop at Amazon Shop at Walmart What we like Check mark icon A check mark. Shop at Amazon Shop at Hatch What we like Check mark icon A check mark. Shop at Amazon Shop at Best Buy Shop at Casper What we like Check mark icon A check mark. What to look for in sunrise alarm clocksSunrise alarm clocks are a bit different from traditional alarm clocks, so there are certain features you want to consider before purchasing one. How we tested sunrise alarm clocksWe used each alarm for at least three days to test their features and performance.

Persons: Chris Winter, Hatch, Suzy Hernandez, I've, Philips, Jenny McGrath, It's, it's, Alex Dimitriu, William Winter, Dimitriu, Kelly Waters Organizations: Business, Charlottesville Neurology, Sleep, Philips, Amazon, Shop, Bluetooth, Walmart, Smart, Menlo Park Psychiatry, Eastern Psychological Association, SleepScore Labs, Spectrum Health Locations: Charlottesville, Nepal, Casper

In it, Wang films Yi and Chang going about their daily lives with bits of playfulness mixed in. “But now that we made this movie and it’s going to the Oscars, we do kind of feel like movie stars. “That’s kind of why we made this movie,” Wang says. “We’re going to the Oscars and I’m going with my grandmas,” Wang says, smiling. Says Wang: “They’re offer only.”___Follow AP Film Writer Jake Coyle at: http://twitter.com/jakecoyleAP___For more on this year’s Oscars, visit: https://apnews.com/hub/academy-awards

Persons: Sean Wang’s, Yi Yan Fuei, Chang Li Hua, Wang, Yi, Chang, Sean, “ Wài, Nǎi, ”, Wài, ” Chang, Zoom, Oscar, wasn’t Bradley Cooper's, Emma Stone’s, Sam Davis, that’d, ” Yi, ” Wang, “ It’s, they’ve, “, Miles, voicemails, “ We’re, Will Ang Lee, Says Wang, Jake Coyle Organizations: Bay Area, Academy, Disney, SXSW, Sundance Film, Sundance, U.S, Focus Locations: Bay, Los Angeles, Taiwan, Taiwanese, New York

☆ The global economy is expanding, but the Red Sea crisis could spell trouble, says IMF
▼ + stars: | 2024-01-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The outlook for the global economy is brightening, the International Monetary Fund said Tuesday as it upgraded its growth forecast for 2024. It expects global growth in gross domestic product — a key measure of economic activity — to pick up slightly to 3.2% next year. Despite the IMF’s upgrades, its projections for global growth for 2024 and 2025 are below the annual average of 3.8% clocked up over the first two decades of this century. The longer and costlier journeys have raised fears of a renewed rise in global inflation. An escalation in the Israel-Hamas war into a wider conflict in the Middle East would threaten global growth, the fund added.

Persons: Pierre, Olivier Gourinchas, Valerie Plesch Organizations: London CNN, International Monetary Fund, IMF, Federal Reserve, Bloomberg, Getty Images, Hamas Locations: Ukraine, Red, United States, India, Washington , DC, Getty Images Iran, Israel

☆ Donald Trump claims he's responsible for stocks hitting record highs
▼ + stars: | 2024-01-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Donald Trump claimed credit for the stock market's surge to record highs this month. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "THIS IS THE TRUMP STOCK MARKET," Trump said in a Truth Social post on Monday. The benchmark S&P 500, tech-heavy Nasdaq Composite, and venerable Dow Jones Industrial Average have notched record highs in recent days. AdvertisementTrump is presumably aware of the key drivers fueling the stock market's advance, and knows they probably don't include his possible reelection.

Persons: Donald Trump, Trump, Biden, —, Joe Biden, you've, Stocks, joblessness, Bob Michele, Ray Dalio, Jamie Dimon Organizations: Service, TRUMP, BIDEN, WIN, Nasdaq, Dow Jones, Reserve

☆ The world successfully tackled a dangerous pollutant. But did it accidentally warm the planet in the process?
▼ + stars: | 2024-01-26 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

These ghost clouds look beautiful, but they are a visible sign of deadly air pollution. Of all of the theories, however, the impact of shipping regulations is swiftly becoming one of the most discussed. But this is not an argument against cutting air pollution, Diamond said, it’s an argument for tackling it alongside reducing carbon emissions. The cooling impact of air pollution is far outweighed by the heating impact of burning fossil fuels. It’s when air pollution is tackled without also reducing carbon emissions, that “we can get into trouble,” Diamond said.

Persons: ”, Michael Diamond, It’s, Olaf Morgenstern, ” Morgenstern, James Hansen, ” Hansen, ” Diamond, Piers Forster, Diamond, doesn’t, Jason Armond, Annica Ekman, it’s, ” Forster Organizations: CNN, International Maritime Organization, United Nations, Florida State University’s Department of, Atmospheric Science, National Institute of Water, Atmospheric Research, Atlantic, Leeds University, Shipping, Port, Los Angeles Times, Stockholm University Locations: New Zealand, El, Sahara, Tonga, Europe, North America, Asia, Port of Los Angeles, San Pedro , California, Sweden

☆ The affordable new OnePlus 12 phones could make you reconsider options from Samsung, Google, or even Apple. Here's a hands-on look and how to preorder.
▼ + stars: | 2024-01-23 | by ( Antonio Villas-Boas | John Lynch | Senior Tech Reporter | ) www.businessinsider.com time to read: +7 min

Learn moreOnePlus announced the launch of its latest OnePlus 12 and OnePlus 12R phones in the US on Thursday after launching the devices in China in December 2023. Antonio Villas-Boas/Business InsiderThe OnePlus 12 is available to preorder now from the OnePlus website, Amazon, and Best Buy. The OnePlus 12R is also available for preorder from the OnePlus website, Amazon, and Best Buy. The OnePlus 12 supports 80W wired charging speeds and 50W wireless charging speeds, which still astounds me after reviewing hundreds of phones. Photos taken with the OnePlus 12 have truly impressed so far, with gorgeous lighting and vibrant colors that aren’t oversaturated.

Persons: Antonio Villas, Boas I've, I've, I'm, Boas It's, OnePlus, oversaturated, you'll Organizations: Google, Samsung, Apple, Boas, Qualcomm Locations: China

☆ Yellen to step up campaign touting Biden's economic record
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. The Biden administration is dispatching U.S. Treasury Secretary Janet Yellen to Chicago and Milwaukee this week as part of a stepped-up domestic travel schedule to sell Americans on the benefits of President Joe Biden's economic policies. Yellen will make the case in remarks to the Economic Club of Chicago on Thursday that the pandemic recovery was faster, fairer and more transformative than previous economic recoveries, the Treasury said late on Sunday. Yellen has previously touted Biden's investment legislation, taking trips to North Carolina and Boston in recent weeks, but has avoided direct comparisons with former President Donald Trump. After her speech in Chicago, Yellen will travel to Milwaukee on Jan. 26 to visit a worker training facility, partly funded by Biden's $1.9 trillion COVID-19 relief law, the American Rescue Plan Act.

Persons: Joe Biden, Janet Yellen, Gina Raimondo, Biden, Joe Biden's, Yellen, Donald Trump, Trump, Nikki Haley Organizations: White House, U.S, Treasury, Economic, of Chicago, Trump, Trump Administration, United Nations, University of, Biden's, American Locations: Washington ,, Chicago, Milwaukee, North Carolina, Boston, New Hampshire

☆ Opinion: Teen obsession with skin care products isn’t a trend, it’s a warning sign
▼ + stars: | 2024-01-18 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +7 min

The closer you look at the teen (and even tween) skin care craze, the more blemishes appear. The modern rebranding of “beauty products” to “skin care” - reminiscent of that of “diets” to “lifestyles”- implies that simply leaving your skin alone is tantamount to negligence. In 2020, clinical skin care brand Murad enlisted high-school influencers to promote its rejuvenating serums on Instagram. Considering how many such products tend to feature in the average online skin care routine, the potential cost overall is breathtaking. The most worrying thing about today’s skin care craze isn’t just that the financial and emotional buy-in are completely out of proportion to the “need” being addressed.

Persons: Holly Thomas, Katie Couric, mascara, Holly Thomas Holly Thomas, don’t, tweens, “, ”, Murad, Nil Sani, Gen Z Organizations: Katie Couric Media, CNN Locations: London, TikTok

☆ The tween skin care craze: What is actually worth it?
▼ + stars: | 2024-01-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

“ The most preventive skin care product that anyone can use is sunscreen,” she added. That is why it might not be the best idea to try to curb a tween or teen’s skin care obsession by saying, “You shouldn’t care so much about skin care,” Hida said. It is also important to keep an eye on whether an interest in skin care is a normal part of self-exploration or a sign of deeper issues. Families are the experts on their kids, Hida said, and she suggests looking for signs like fixated worry over appearance or a rigid skin care regimen. Skin care itself isn’t concerning, but how a person responds to it is what determines whether it is healthy or not, Hida said.

Persons: CNN — Tweens, aren’t, “, Dr, Jodi Ganz, ”, Rahma, Javon Ford, “ We’ve, Jessica Weiser, Weiser, Ford, ” Weiser, Ganz, tweens, “ That’s, they’ve, ” Hida, Hida, ” Ganz Organizations: CNN, Boston Children’s Hospital, Harvard Medical School Locations: Atlanta , Georgia, Los Angeles, New York

☆ The sexiest new hotels for 2024
▼ + stars: | 2024-01-05 | by ( Julia Buckley | ) edition.cnn.com time to read: +23 min

This list tries to do just that – spotlight the hotels opening (or reopening, as one of them is) in 2024 that make us want to visit for the hotel alone. Properties with a little bit of oomph – the sexy hotels of 2024, as we like to call them. For spring 2024, Costa Rica’s on the cards, with this beachfront hotel at surfer central Santa Teresa, on the Pacific Coast. Existing ones have been refurbished, and new pool villas, suites and bungalows have been added to the mix. Pool villas are cute cabins with patio doors opening on the open-to-the-elements plunge pools, while the bungalows will be wood-clad, tropical spaces.

Persons: Will, ”, that’s, King Charles, Maria, Casa Lucia Argentina, swank, Kit Kemp, Kibale, Queen Elizabeth, George, Gran, Palazzo Cordusio, Cordusio, There’s, Emanuele II, Mina Al, Ras, Anantara Mina Al Arab, Ras Al Khaimah, Mina Al Arab, Al Riffa, Mollie's, who’ll, KAI Akiu, Hoshino, Rupert Peace, Michel Rojkind, Moxy Banff, Marie, they’re, Philippe Kjellgren, It’ll, Aman, you’ve, you’ll, Roma, Romeo Roma, Romeo, starchitect Zaha Hadid, Rome’s Piazza, Costa Rica’s Organizations: CNN, Casa Lucia, Bacan, Leinster, Collins, Gran Meliá, Milan, Galleria, Tunisia –, Soho, Manchester TV, Beatles, Granada Studios, Old Granada Studios, Soho House, Resorts, Michelin, Guadalupe, Moxy, VW, Brisbane . Tourism, Queensland, Casa, Hoxton, Popolo, Princeton, Hotels, Ivy League, Mercure, Darwin, Training Academy Locations: Matca, Transylvania, Romania, Romanian, Brașov, Maria, Helsinki, Finland, Buenos Aires, Argentina, Retiro, Dublin, Ireland, Merrion, Georgian Dublin, Uganda, Rwanda, Queen, Edward, Milan, Italy, Meliá, Piazza, Duomo, Ras Al Khaimah, UAE, Arabian, Dubai, Ras Al, Oman, Mina, Al, Tunisia, Douz, Sahara, Matmata, Manchester, Japan, Tokyo, Akiu, Sendai, superlatives, Kempinski, Dresden, Germany, grande, Taschenbergpalais, Baja California, Mexico, Valle, Mexican, Valle de Guadalupe, Canada, Banff, Brisbane, Australia, Brisbane ., Dios, Peru, Casa, Andina, Brazil, Bolivia, Peruvian, Folegandros, Greece, Santorini, –, Hoxton Vienna, Austria, Hoxton, Vienna, Ennismore, Landstrasse, Sainte, Marie, Madagascar, Aman Nai, Bangkok, Thailand, Aman, Nai Lert, Thai capital’s, Rome, Naples, starchitect, New Jersey, Santa Teresa, Costa Rica, Morocco, Coast, Darwin, Larrakia, Northern Territory

☆ Haley and DeSantis still can’t solve their Trump problem as time runs short in GOP race
▼ + stars: | 2023-11-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —A weekend of ferocious political exchanges laid out the tumultuous reality of the 2024 White House campaign less than a year from Election Day. The fight for the GOP nomination is about far more than a horse race between candidates. Time is quickly ebbing for one of his distant Republican rivals to recast the race less than two months before voting begins. No lawyer, White House staffer, campaign adviser, political party or institution has ever been able to curb Trump’s impulses. “We are turning up the heat and brightening the spotlight on exactly what it would look like if he’s allowed back in the White House,” a Biden campaign official told CNN’s Arlette Saenz of Trump.

Persons: Donald Trump, Trump, Nikki Haley, Haley, “, ”, Trump’s, it’s, America’s, Ron DeSantis, … Donald Trump, Biden, ” DeSantis, CNN’s Jake Tapper, Joe Biden, Father Time, DeSantis, John Walker, CNN’s Kit Maher, ” Walker, Mike Pence, Chris Christie –, Tanya Chutkan, Jack Smith, Arthur Engoron, ’, ” Trump, Xi Jinping, he’s, CNN’s Arlette Saenz, “ Trump, ” Biden, Greg Abbott Organizations: CNN, GOP, South Carolina Gov, White, Trump, United Nations, Florida Gov, University of New, “, Union, Republican, New, New Jersey Gov, Biden, Lone Star State’s, US Locations: Iowa, University of New Hampshire, “ State, Florida, New Jersey, Washington, New York, China, San Francisco, America, Nazi Germany, Texas, United States

☆ 10 Supremely Tasteful (and Affordable) Home Decor Holiday Gifts for 2023
▼ + stars: | 2023-11-16 | by ( Nina Molina | Christina Poletto | ) www.wsj.com time to read: +1 min

Here, we present a passel of gift ideas we’re quite excited about—all likely to impress design aficionados, without breaking the bank. Keep an eye out for designs from emerging makers that might stand the test of time, like these stoneware vessels from South African artist Helen Vaughan. Helen Vaughan Ceramics Vase With Handles, approx. 7 inches tall or approx. 9 inches tall, $90 each, SarzaStore.com

Persons: Helen Vaughan, SarzaStore.com Organizations: WHO Locations: South African

Debates about its efficacy abound, with the United States, Europe and several environmental groups speaking out about the opportunities and risks. Research has been conducted into other potentially less dangerous SRM technologies, including marine cloud brightening, which involves the spraying of seawater from ships to make clouds more reflective. One group of 60 scientists launched a global initiative last year aimed at persuading governments to ban outdoor solar geoengineering experiments. "Once you've committed to it, you've got to keep doing it," said Laura Wilcox, a climate expert at Britain's University of Exeter. "If you stop, then you're going to see all of that warming that you've missed, essentially on climate timescales overnight.

Persons: Luke Iseman, SO2, Benjamin Sovacool, Andrea Hinwood, you've, Laura Wilcox, David Stanway, Jake Spring, Pravin Organizations: REUTERS, U.S . National Academy of Sciences, Company, Reuters, Harvard University, Swedish Space Corporation, Research, Boston University, SRM, United Nations Environment Program, Britain's University of Exeter, Pravin Char, Thomson Locations: Baja California, Mexico, Handout, United States, Europe, China, England, Africa, Asia

Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File photo Acquire Licensing RightsOct 30 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday will also give their initial reaction to news over the weekend of an expected U.S.-Sino summit between presidents Joe Biden and Xi Jinping next month. But the MSCI emerging market index and Asia ex-Japan index's falls of around 0.6% last week were notably shallower than the MSCI Work index's 2% slide. China's recent economic and market signals, at least, are brightening a little.

Persons: Issei Kato, Jamie McGeever, Joe Biden, Xi Jinping, Japan index's, Bond, JGBs, Diane Craft Organizations: U.S, REUTERS, Tech, Investors, Tuesday's Bank of Japan, Bank of, Thomson, Reuters Locations: Tokyo, Japan, Malaysia, Asia, South Korea, Indonesia, Vietnam, Taiwan, Hong Kong, U.S, Australia, Bank of Japan, Germany

☆ Morning Bid: Megacaps scatter in the cloud
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But after the S&P500 staged an impressive 0.7% bounce on Tuesday, futures were back in the red again ahead of the open. The negativity cut across what was otherwise a more upbeat macro picture and a calmer bond market following recent ructions. Chinese developer Country Garden (2007.HK) is deemed in default on a dollar bond for the first time, Bloomberg News reported. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Alphabet's, Microsoft's, Baker Hughes, Teradyne, Hess, Jerome Powell, Barbara Lewis Organizations: New York Stock Exchange, REUTERS, Big Tech, Google, Microsoft, Meta, IBM, Boeing, Bloomberg News, Treasury, Bank of Canada, Deutsche Bank, United Health, General Dynamics, Whirlpool, Otis, Hilton, U.S, Reuters, PMI, Thomson Locations: New York City, U.S, HK, United States, Europe, Worldline, Germany, Ameriprise, EQT, Washington

Oct 3 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors in Asia are also awaiting the Reserve Bank of Australia's latest policy decision and guidance on Tuesday. But it is the relentless rise in U.S. Treasury yields and the dollar that will set the tone across the region. But the yen continues to slide, suggesting it is still being driven by U.S. yields and the dollar side of the equation. All but two of 32 economists in a Sept. 27-28 poll expected the RBA to hold its official cash rate steady.

Persons: Jamie McGeever, Deepa Babington Organizations: Treasury, Investors, Reserve Bank, Australia's, Bank of Japan, Aussie, ., Reserve Bank of Australia, PMI, Thomson, Reuters Locations: Asia, U.S, Japan, Tokyo, Australia, PMIs, South Korea

☆ Some soft commodity prices are surging, adding to consumer woes
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Futures contracts on orange juice, live cattle, raw sugar and cocoa each hit their highs for the year this month. The higher prices add another layer of pain to consumers' wallets at a time when stubborn core inflation, excluding food and energy, stood at 4.3% in August. The juice futures market reached a record $3.50 per pound this month. Meat prices have been driven by shrinking U.S. cattle herds, continued beef demand, plus higher input costs for labor and fuel. Shoppers are bearing the brunt of the higher prices as the world's largest food companies try and pass along their rising input costs.

Persons: Paul Caruso, It's, Darwei Kung, Kung, François, Xavier Roger, Grame David Pitkethly, Ben, Jerry's, Pitkethly, We've Organizations: Ancora, U.S, U.S . Department of Agriculture, Shoppers, Barclays Consumer Staples Conference, Barclays, Unilever Locations: Florida, Brazil, Mexico, India, Thailand

☆ The latest data signals the Fed will pause next week and keep future rate hikes on the table
▼ + stars: | 2023-09-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

That data indicates that the Federal Reserve is still likely to hold rates steady next week, some investors say. Inflation: US inflation climbed 3.7% in August from the prior year, marking an acceleration for the second consecutive month, according to the latest Consumer Price Index. Excluding the boost from gas station sales, retail spending added 0.2% in August from July. Traders see a roughly 97% chance that the central bank keeps rates unchanged in September, according to the CME FedWatch Tool. The central bank has now raised its main interest rate at 10 consecutive meetings, taking it to the highest level since the launch of the euro currency in 1999.

Persons: “, ”, Sam Millette, Price, Taylor Swift, Bill Adams, Jerome Powell, Liz Young, CNN’s Olesya, Michelle Toh ., Read Organizations: CNN Business, Bell, CNN, Federal Reserve, Commonwealth Financial Network, National Federation of Independent Business, Comerica Bank, Traders, European Central Bank, Central Bank, ECB, Cornell University, Schroders, Fashion, Cornell’s Global Labor Institute Locations: Saudi Arabia, Russia, Jackson Hole , Wyoming, Bangladesh, Pakistan, Vietnam, Cambodia, Schroders

☆ Mexico's Election Year Deficit Plan Fuels Fear Over Finances
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dave Graham and Diego OréMEXICO CITY (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Dave Graham, Diego, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Diego Ore, Noe Torres, Jamie Freed Organizations: MEXICO CITY, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of Locations: MEXICO, Mexico, Bank of Mexico, Mexico City

REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico

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