Core Viewpoint - The US Federal Reserve has cut interest rates by a quarter point for the third time this year, reflecting internal divisions on how to manage the economy amid rising inflation and unemployment [1][4]. Group 1: Interest Rate Decisions - The Federal Open Market Committee (FOMC) voted nine to three to lower rates to a range of 3.5% to 3.75%, indicating a split among committee members who usually vote unanimously [1]. - New projections suggest hesitance to cut rates further next year, which may create tensions between the Fed and the White House [2]. Group 2: Economic Conditions - Recent economic data shows inflation increased from 2.3% in April to 3% in September, and unemployment rose from 4% in January to 4.4% in September, complicating the Fed's decision-making [4]. - The Fed is facing challenges due to a lack of comprehensive price and labor market data, exacerbated by the government shutdown [3]. Group 3: Political Influence - President Trump and his allies have publicly criticized Fed officials for not lowering interest rates, despite rising inflation, attributing price increases to factors from the previous administration [6]. - Trump has suggested Kevin Hassett as a potential nominee to replace Fed Chair Jerome Powell, whose term ends in May [10].

How To Survive The Holidays While Unemployed https://t.co/VV11bTPADo ...

RT Bloomberg Opinion (@opinion)How do you fix government distrust?Keep inflation and unemployment low, @clive_crook says 🎥 https://t.co/xOLPLoUTAt ...

Gut is telling me FOMC rate cut happens and Powell comes in somewhat flat / dovishShould set us up for an end of year rally due to the unemployment numbers rising.Following that, it’s a toss up.Market should react more efficiently once we have a clearer idea of the fed chair for next year.Hasset seems like the front runner, but until it’s definitive, uncertainty has the market cautious. ...

Good morning, Sarah. Yeah, some good breaking news from the New York Fed with inflation expectations unchanged and labor market indicators improving. Let's go through them.The one-year, the three-year, and the 5-year uh inflation expectations from the New York Fed survey all unchanged. 3 2 3 and three. Now, these are all a bit elevated, but it's good news that they're not going up.Inflation expectations rise for food, gas, medical care, a big increase there, and rent as well. Now, there's fodder for both ha ...

Unemployment isn’t a sign of weakness or an indicator that you’re lacking in any way as a worker. The national jobless rate is at 4.4%, one of its highest readings in several years. For people of color, the rate is even steeper, at 7.5% among Black workers. Numbers like these make one thing clear: unemployment isn’t a personal failing. It’s a systemic reality that far too many workers are forced to navigate.Read more: https://t.co/hxQbAe3j3D ...

Market attention this week will focus on the US economic news. On Friday, Sep personal spending is expected to increase by +0.3% and Sep personal income is expected to climb +0.3% m/m. Also on Friday, the Sep core PCE price index, the Fed’s preferred inflation measure, is expected to climb by +0.2% m/m and +2.8% y/y. Finally, the University of Michigan's Dec consumer sentiment index is expected to climb by +1.0 to 52.0.President Trump said on Tuesday that he will announce his selection for the new Fed Chair ...

Newly filed unemployment claims last week dropped to the lowest level in three years, the Labor Department said Thursday, a reassuring signal that the economy avoided a big surge of layoffs through the first 11 months of the year https://t.co/yETrkWf6Zr ...

Applications for US unemployment benefits fell last week to the lowest in more than three years, indicating that employers are still largely holding onto workers despite a wave of recent layoff announcements. https://t.co/ZyBtYgqVil ...

It's been a frustrating period for those who have been priced out of the housing market due to high mortgage rates and home prices. Mortgage rates remain significantly higher than those from 2021, and prices for both new and existing homes have surged. Worse, would-be homebuyers, including my son and his wife, have been forced to compete against all-cash offers, making homebuying even more challenging. There's little debate that something needs to change, which is why many are closely watching the Federa ...