Boston Fed President Susan Collins: More rate hikes may be needed despite recent inflation signs Boston Federal Reserve President Susan Collins cautioned that despite recent positive signs on inflation, more interest rate hikes could still be necessary. In an interview with CNBC, Collins emphasized the importance of appreciating the good news but also staying the…
UK Inflation Drops Sharply to Two-Year Low In a surprising turn of events, the UK saw a significant drop in inflation, falling to 4.6% in October from 6.7% the previous month, reaching a two-year low. This decline, in part, caused the headline consumer price index to remain flat on a monthly basis, a result that…
The slowdown in inflation continues as gasoline prices retreated in October, but economists are warning that price pressures remain, and it may take some time for them to return to pre-pandemic levels. According to the U.S. Bureau of Labor Statistics, the consumer price index in October increased 3.2% from 12 months earlier, down from 3.7%…
Dave Bernstein, a former U.S. Postal Service worker, has found his retirement to be less secure than he had hoped. When he retired in 1992, he and his wife, Phyllis, were shocked to find that his monthly Social Security check was much lower than expected, despite earning the required 40 credits to be fully insured…
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Airlines have a record 260 million seats to fill this quarter and are offering fares that are as low as $29 for off-peak periods. Due to the increased capacity in recent months, and the return of leisure travelers…
Mary Daly, the president of the Federal Reserve Bank of San Francisco, expressed that although tighter monetary policy is helping to decrease the pace of inflation, policymakers should not feel too comfortable with the current level. In an interview on CNBC’s “The Exchange,” Daly stated that the news on inflation has been positive, but it…
Social Security Trust Fund projected to run out of money by 2034 A potential 20% benefit cut could be the reality for Social Security beneficiaries if Congress doesn’t act to strengthen the program by the time the trust funds are expected to be depleted in 2034. However, according to a new report from the American…
Title: Current CEO reveals the rising trend of multiple jobs among payment customers Current CEO Stuart Sopp has highlighted the growing need for additional sources of income as almost half of the firm’s payment customers are found to have more than one job. In an interview with CNBC’s “Fast Money,” Sopp revealed that approximately 20-25%…
Suze Orman, a renowned personal finance expert, is cautioning investors against relying too heavily on bonds. According to Orman, the allure of high interest rates and a fear of taking risks are causing many individuals to miss out on a “lifetime opportunity” in the stock market. Speaking on CNBC’s “Fast Money” this week, the host…
Federal Reserve Governor Christopher Waller has stated that the central bank can wait before taking action on interest rates while it monitors progress in its efforts to tackle inflation. As the Fed prepares for its upcoming meeting, Waller is analyzing recent data to assess whether the bank’s measures are effectively reducing demand and slowing inflation,…
