Jerome Powell hints long-awaited rate cuts are coming soon — the first during Trump’s term
The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” he added.
https://edition.cnn.com/2025/08/22/economy/fed-powell-jackson-hole-speech
- Published in Global News
Trade Disruption Looms Even asKey Rates Ease: Bloomberg Tracker
The boost in demand from the start of a global interest rate easing cycle could be overshadowed by looming strikes across North America’s ports that’s set to upend trade everywhere.
https://www.bloomberg.com/graphics/global-trade-indicators/?srnd=phx-economics-v2
- Published in Global News
Arizona Supreme Court Approves Ballot Proposal Allowing Local Police to Make Border
ArrestsArizona voters will decide on a new proposal allowing local police to make arrests near the state’s border with Mexico. The Arizona Supreme Court has ruled the measure will appear on the November 5 ballot. For more information
- Published in Global News
US Retail Sales Surge Unexpectedly in July, Defying Economists’ Predictions
US retail sales experienced an unexpected 1% increase in July, surpassing economists’ expectations. This robust growth contrasts with June’s revised decline and highlights the strength of the US economy. For further details
https://edition.cnn.com/2024/08/15/economy/retail-sales-july/index.html
- Published in Global News
US Inflation Data Forecast to Show Modest Increase, Strengthening Expectations for Federal Reserve Rate Cut
US consumer prices are expected to show a modest increase in the latest report, reinforcing predictions of a Federal Reserve interest rate cut in September. For more details:
- Published in Global News
Del. Justices Affirm $266M Atty Fee Award In Dell Class Suit
On Wednesday, Delaware’s Supreme Court upheld a Chancery Court decision awarding nearly a record-breaking $266.7 million in attorney fees for stockholder lawyers who settled a class action lawsuit against Dell Technologies Inc. for $1 billion. The Supreme Court confirmed that the Chancery Court “did not exceed its discretion in setting the fee percentage.” For more information:
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Tuna Price-Fixing Settlement Includes $26M in Canned Tuna
Two groups of buyers have accused major canned tuna producers of price-fixing and are seeking a California federal judge’s approval for settlements exceeding $168 million in cash. Additionally, the deal includes $26 million worth of packaged tuna products. For more information:
- Published in Global News
SEC and CFTC to Collect $474M in Fines for Texting Compliance Failures
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced settlements totaling nearly $474 million. This enforcement action targets broker-dealers, investment advisers, and other registered firms for failing to maintain and preserve text messages and electronic communications as mandated by federal law. For more information:
- Published in Global News
US Jobless Claims Decline for Second Consecutive Week to Lowest Level Since July
US initial jobless claims have dropped for the second week in a row, reaching their lowest point since early July. Explore the latest unemployment trends and what they mean despite a recent slowdown in hiring:
- Published in Global News
Migrant Workers in Canada Losing Life Savings to Job Scams
Canada immigration scams are costing migrant workers tens of thousands of dollars for low-level jobs. For more information
- Published in Global News