The latest UK inflation reading suggests that we're past the peak, and leaves the door open to a Bank of England rate cut next month. But first the Chancellor must deliver a budget that avoids the inflationary consequences of her first one. https://t.co/JV6nXUsWC6 ...

“We expect Nvidia to exceed estimates and provide future earnings and revenue guidance that is higher than investors expect. It’s unlikely that Nvidia has seen any slowdown in demand for its products, even with increased competition, given how early we are in the AI cycle,” said James Demmert at Main Street Research.Investors are eagerly awaiting Nvidia’s third-quarter earnings report, scheduled for release after the market close. The chipmaker’s earnings reports have been market-moving since May 2023, when ...

Indonesia’s central bank leaves its benchmark interest rate unchanged for a second straight month https://t.co/ZY0DqvOLX5 ...

Uruguay extended its easing cycle by lowering the benchmark interest rate a quarter point to 8% and signaled its willingness to further lower borrowing costs https://t.co/EgUTx8kllf ...

Have you started the interviews for the Fed chair. >> Yes. >> Who have you interviewed.>> I think I already know my choice. >> Who is it. >> Well, I liked him, but he's not going to take the job.He refused. You like Treasury better, right. >> Much better, sir.>> Uh, so we are talking to various people and the I mean, frankly, I'd love to get the guy currently in there out right now, but people are holding me back. He's done a terrible job hurting housing a little bit. The truth is we we've been so successfu ...

Hi, that's right. President Trump just wrapping up a session in the Oval Office with Saudi Crown Prince Muhammad bin Salman. The president uh sort of jawboning bin Salman uh during the course of that Oval Office session to increase his commitment to investments in the United States from uh an announced $600 billion to a full $1 trillion.Interesting interplay between the two leaders there as they talked about how much the Saudis would ultimately end up investing. But Muhammad bin Salman expressing optimism a ...

Hungary is poised to hold the EU’s highest key interest rate unchanged for a 14th month as policymakers focus on supporting the forint to help rein in above-target inflation https://t.co/jGrpRhDs7o ...

Economic Outlook - Concerns are rising regarding potential pressures on upper-income consumers, which could lead to risks for the Federal Reserve if they do not cut rates in December [1][18] - The labor market data indicates that upper-income parents are increasingly worried about their children's job prospects, negatively impacting consumer spending as the year ends [3][18] Youth Unemployment - Youth unemployment is currently at approximately 180% of normal levels for the average worker, a significant increase from the historical rate of 150% [6][18] - The rise in youth unemployment is attributed to job displacement caused by advancements in AI, similar to the impact of computers in the past [4][5] AI and Productivity - There is skepticism about the short-term returns on AI investments, with concerns that companies may not hire enough if they do not see the expected benefits [7][9] - Long-term productivity improvements are anticipated, but the transition period may be challenging as organizations adapt to new technologies and cultural changes [8][10][11] Federal Reserve's Position - The Federal Reserve is advised to focus on short-term growth rather than solely on inflation, suggesting that a rate cut could stimulate economic activity [13][17] - A failure to cut rates in December could negatively impact holiday spending, as market reactions to the Fed's decisions could influence consumer behavior [15][16][18]

Labor Market & AI Impact - Youth unemployment is approximately 180% of the average worker's unemployment rate, raising concerns about its potential impact [5] - The advent of AI is causing job displacement, similar to the introduction of computers, leading to higher youth unemployment [4] - Companies may not achieve the expected returns on AI investments in the short term, impacting hiring decisions [6] - The integration of AI requires not only technology but also process and cultural changes within organizations, which takes time [8][9] Consumer Sentiment & Spending - Upper-income individuals are beginning to worry about their children's job prospects, negatively affecting consumer sentiment and spending [2] - The Fed should avoid actions that could negatively impact the US consumer, especially during the holiday shopping season [13] - If the market anticipates a rate cut and it doesn't happen, consumer spending could be negatively affected [14] Monetary Policy & Inflation - The Fed should prioritize high growth over strictly adhering to a 2% inflation target, given stable inflation expectations [12][15] - Even with the Fed's actions, inflation is likely to remain around 3%, suggesting limited control over this factor [14]

Core Insights - The current national average HELOC rate is at its lowest for the year, with indications that significant decreases may not occur until 2026 due to Federal Reserve policies [1][2] - Homeowners have over $34 trillion in home equity, marking the third-largest amount on record, which presents opportunities for accessing this equity through HELOCs [2] HELOC Rates and Trends - The average weekly HELOC rate is currently 7.64%, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70% [2] - Lenders have flexibility in pricing HELOCs, and rates can vary significantly based on individual credit scores and debt levels [5][11] HELOC Mechanics - HELOCs allow homeowners to access their home equity without giving up low-rate primary mortgages, providing a flexible financial tool for various needs [6][12] - Introductory rates, such as 5.99% for 12 months offered by FourLeaf Credit Union, can convert to variable rates later, necessitating careful comparison of terms [8] Financial Implications - A $50,000 HELOC at a 7.50% interest rate would result in a monthly payment of approximately $313 during the draw period, but rates are typically variable, affecting long-term repayment [13] - Utilizing a HELOC can be advantageous for homeowners with low primary mortgage rates, allowing for cash access for home improvements or other expenses without sacrificing favorable mortgage terms [12]