US inflation hits 3%, lower than expected.The government is still shut down.Altcoin season is nowhere to be found.Many are stuck in the 6-7 figure hell.McDonald’s isn’t hiring.Mic sales for podcasters hits yearly high.Happy Friday. ...

David, let's start with the inflation data. Is three, the new two, and is it going to stop this Federal Reserve from cutting interest rates. I think the Fed is going to keep on kind of cutting rates is generally a better than expected report.But I think what it really shows is we have a k-shaped economy and it's sort of a k-shaped CPI report. The thing that really jumped out to me is, first of all, our rental cars coming down, there's you know, we've got a big change in demographics here and rents are. Rent ...

LIVE By Connor Smith The stock market hit its highest levels on record Friday after the September inflation report gave the Federal Reserve the green light for more interest-rate cuts. The Dow Jones Industrial Average rose 377 points, or 0.8%. The S&P 500 was up 0.8%. The Nasdaq Composite was up 1%. All three set intraday record highs. The yield on the 2-year Treasury note dropped to 3.47%. The 10-year yield was down to 3.99%. Dow Opens Up After CPI Inflation Report Last Updated: Updated 15 min ago Stocks H ...

Core Viewpoint - US stocks advanced on Friday due to softer inflation data, which increased optimism regarding the Federal Reserve's rate-cutting trajectory and expectations for continued economic support and higher equity valuations [1] Group 1 - The Dow Jones Industrial Average rose by 228 points, or 0.5% [1] - The S&P 500 gained 0.6%, reaching a new record [1]

The consumer price index for September showed that core inflation unexpectedly cooled in September. The Federal Reserve is a lock to cut its key interest rate at next week's policy meeting and likely keep on cutting, thanks to easing services inflation and only a moderate bite from Trump tariffs. The S&P 500 turned on the gains after the CPI, with Intel (INTC) leading the way on the strength of an upbeat demand outlook. For now, the Fed has a clear bias toward rate cuts because its concern about the risk of ...

"It's quite positive (the data) and going forward, it certainly clears the way for the Fed to cut rates next week as they were going to anyway and it certainly leads to a higher expectation of at least two more rate cuts (By March). With the government shutdown. we don't have a lot of other data other than private data and so this is a good scenario for the Fed if inflation is maintaining at this level and not spiking that they can focus more on the employment."“As long as you're in that mode where you're t ...

Core Insights - U.S. companies are experiencing a divide in consumer behavior, with lower-income households cutting back on spending while affluent consumers continue to support overall spending levels [1][2][4] Consumer Behavior - There is a noticeable bifurcation in consumer behavior, with financially secure consumers opting for larger pack sizes, while those living paycheck to paycheck are actively seeking discounts due to persistent inflation above the Federal Reserve's 2% target [2] - Consumer sentiment surveys indicate growing pessimism regarding future economic conditions, with inflation currently at a 3% rate. Nearly two-thirds of consumers plan to delay holiday shopping until Thanksgiving weekend to take advantage of discounts, an increase from 59% last year [3] Company Strategies - Companies like Procter & Gamble and Coca-Cola are adapting by introducing smaller-sized products aimed at lower-income consumers, such as Coca-Cola's mini single-serve cans [4] - Coca-Cola's CFO highlighted the importance of affordability and value for lower-income consumers, indicating a dual strategy to cater to both ends of the market [5] - Target is responding to changing consumer dynamics by cutting approximately 1,800 jobs as part of a turnaround strategy, focusing on its non-essential product offerings that lower-income consumers have been avoiding [5] Market Performance - Despite the S&P 500 gaining nearly 15% this year, the SPDR Consumer Staples ETF, which tracks basic consumer needs, has seen only a marginal increase of less than 1% [6] Credit Market Concerns - The credit market is facing challenges, highlighted by recent bankruptcy filings from lenders serving lower-income groups, such as PrimaLend Capital Partners, which finances car purchases for customers with limited credit [7]

US stocks gained Friday morning as investors digested a crucial inflation report that could shape expectations for the Federal Reserve’s next policy moves. The Dow Jones Industrial Average (^DJI) rose 0.5%. The S&P 500 (^GSPC) gained 0.7%, while the Nasdaq Composite (^IXIC) jumped 1%. All eyes on Friday were on September’s inflation data, delayed for more than a week by the ongoing government shutdown. The CPI report came in cooler than expected, with headline CPI rising 3% on an annual basis, the highe ...

Social Security Benefits - Social Security benefits for retirees 将在 2026 年增长 2.8% [1] Inflation Impact - 增长反映了近期通货膨胀的回升 [1]

Core Inflation Data - Inflation held steady at 3% in September, slightly below analysts' expectations of 3.1% [2][8] - The Consumer Price Index (CPI) rose 3% year over year in September, up from 2.9% in August, marking the highest reading since May [2][3] - Month-over-month prices increased by 0.3%, lower than August's 0.4% rise and below economists' expectations [3][4] Energy Prices Impact - Gasoline prices rose by 4.1% in September, contributing to the monthly price increase, but were down 0.5% year over year [3] - The broader energy commodities index decreased by 0.4% compared to the previous year [3] Core Inflation Insights - Core inflation, excluding food and energy, rose 3% year over year in September, down from 3.1% in August [4] - On a monthly basis, core prices increased by 0.2%, easing from a 0.3% gain in August [4] Economic Context - The report was the first major piece of federal economic data released since the ongoing government shutdown, which is now the second-longest in US history [5][6] - RSM chief economist noted the report as a "market positive story," but warned about potential data quality deterioration due to the shutdown [6][7] Future Outlook - The current inflation rate of 3% is expected to potentially accelerate, remaining above the Federal Reserve's target of 2% [8] - Markets anticipate a quarter-point cut from the Fed at the upcoming policy meeting, despite persistent inflation [8]