UK public's inflation expectations fall again in March - Citi/Yougov survey shows
reuters.com/world/uk/uk-publics-inflation-expectations-fall-march-citiyougov-2024-03-28/
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| Last Updated | Mar 28 |
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Citi Trims Fed Bet for 2024, Still Sees 100 Basis Points of Cuts: Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday ...
bloomberg.com/news/articles/2024-04-26/citi-trims-fed-bet-for-2024-still-sees-100-basis-points-of-cuts
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About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
Paid articlePaidQuick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
US economic growth slows but inflation grows: The world's largest economy grew less than expected but rising inflation may delay a rate cut.
bbc.com/news/business-68898432
RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f
Fed rates outlook: June cut on deck as job market weakens: Hiring activity could see a substantial slowdown later in the year, Citi economist Veronica Clark said ...
businessinsider.com/fed-rate-cuts-outlook-june-job-market-unemployment-economy-recession-2024-4
Olive oil is getting harder to find and costing as much as 70 per cent more. Here’s why
smh.com.au/business/companies/olive-oil-is-getting-harder-to-find-and-costing-as-much-as-70-per-cent-more-here-s-why-20240419-p5fl8g.html
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
'Just the Beginning': 50+ Arrested for Blockading Citigroup Bank Over Climate Crimes
commondreams.org/news/citibank-climate-protest-2667882434
Billionaire tax to bolster Social Security popular in swing states: Voters in swing states are overwhelmingly supportive of taxing billionaires to support Social ...
thehill.com/homenews/4619020-billionaire-tax-to-bolster-social-security-popular-in-swing-states/
Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Citi (C) CEO Jane Fraser Sees Risks Poised by Insurers in Private Credit: Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the ...
bloomberg.com/news/articles/2024-04-24/citi-s-fraser-wary-of-insurance-giants-role-in-private-credit
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Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
What's behind the unstoppable American consumer: The drivers of such robust spending — and how long they can last — are key to what's ahead for the ...
axios.com/2024/04/26/american-consumer-spending-resilience-economy
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Trump holds overall 6-point lead in battleground states: Poll: Former President Trump holds a 6-point lead over President Biden in key battleground states that ...
thehill.com/homenews/campaign/4617401-trump-holds-overall-6-point-lead-in-battleground-states-polling/
Citigroup, Wall Street’s biggest loser, is at last on the up: Jane Fraser’s unexpected success
economist.com/finance-and-economics/2024/04/18/citigroup-wall-streets-biggest-loser-is-at-last-on-the-up
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Govt needs to drop the habit of supplementary budgets, says Citibank researcher : A Citibank researcher says supplementary requests should only be entertained ...
monitor.co.ug/uganda/business/finance/govt-needs-to-drop-the-habit-of-supplementary-budgets-says-citibank-researcher--4603840
Most people want to go green but they are put off by the cost: Consumers want to “go green” but they are often dissuaded by the cost and practicalities of ...
independent.ie/business/personal-finance/most-people-want-to-go-green-but-they-are-put-off-by-the-cost/a1574511021.html
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
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Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
UK consumer sentiment returns to two-year high, GfK survey shows: British consumer sentiment returned to a two-year high this month as households took a more ...
reuters.com/world/uk/uk-consumer-morale-falls-unexpectedly-february-gfk-survey-shows-2024-02-23/
BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
Raising a child in the US is getting even more expensive: The cost of raising a child in the U.S. has gotten exponentially more expensive, averaging about $21 ...
foxbusiness.com/economy/raising-child-us-is-getting-even-more-expensive
Majority of Americans lack trust in Netanyahu's ability to lead on world affairs - poll
jpost.com/international/article-798677
The US economy is cooling off. Why experts say there's no need to worry yet: The economy slowed dramatically to start 2024.
abcnews.go.com/Business/us-economy-cooling-off-experts-worry/story
Biden, Trump deadlocked in new national survey: President Biden and former President Trump are deadlocked in a new national survey. The Quinnipiac University ...
thehill.com/homenews/campaign/4618821-biden-trump-deadlocked-in-new-national-survey/
Biden's happy polling surprise, thanks to RFK Jr.: "People are beginning to listen."
axios.com/2024/04/25/biden-polling-rfk-jr-trump
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
Climate Activists Blockade Citigroup HQ in NYC to Demand Banking Giant Stop Funding Fossil Fuels
democracynow.org/2024/4/24/citigroup_climate
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Cost of preparing Jollof rice up 29.3% – Report: The SBM Jollof Index tracks how much it costs to make a pot of jollof rice for a family of five
premiumtimesng.com/agriculture/689379-cost-of-preparing-jollof-rice-up-29-3-report.html
Biden and Trump Showing Their 2024 Campaign Vulnerabilities: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-26/biden-and-trump-showing-their-2024-campaign-vulnerabilities
Quick Glance: Fact Check: Biden Repeats Claim of Arrest for Defending Civil Rights. Still No Evidence
- President Joe Biden reiterated his story of allegedly trying to defend the civil rights of Black Americans on 'The Howard Stern Show.' However, there is no evidence to support his claim of ever being arrested at a civil rights protest, as noted by 'The Washington Post' and 'PolitiFact.'
- Biden has told the story of his supposed presence at a specific protest in Delaware at least twice without mentioning an arrest. He stated that the police simply took him home on that day.
- It is impossible to prove definitively whether Biden was present at this or a similar protest over 60 years ago. He has also made other false claims about his personal life in the past.
- Biden falsely claimed to have 'driven an 18-wheeler' and that he never earned $400,000 in a year. During his 2020 presidential campaign, he claimed to have been 'arrested' as a US senator while trying to visit South African anti-apartheid icon Nelson Mandela in prison, which turned out to be untrue.
Staff at Kent school face redundancies due to rising 'costs and inflation': The Duke of York's Royal Military School said it was consulting on a ...
kentlive.news/news/kent-news/staff-dover-school-face-redundancies-9248991
Quick Glance: Arrest and Three Injured in Wales School Attack
- Police urge removal of social media footage to prevent contempt of court and distressing those affected.
- A parent expresses concern over the injured and highlights the rarity of such incidents in Ammanford.
- Three injured and one arrested after an incident at Ysgol Dyffryn Aman in Ammanford, South-west Wales.
- Recap of the ongoing investigation at the school as parents anxiously wait for updates on their children's safety.
Helping women get better sleep by calming the relentless 'to-do lists' in their heads
npr.org/sections/health-shots/2024/04/26/1247501573/women-sleep-sleepless-study-research-insomnia
Driving theory test questions Londoners fail to get right: Nearly two-thirds of London drivers would fail their theory test if they retook it now - with ...
islingtongazette.co.uk/news/24272634.driving-theory-test-questions-londoners-fail-get-right/
What’s next with AI?: To better understand the rapid rise and adoption of generative AI tools, in June 2023, The Verge and Vox Media partnered to conduct a ...
theverge.com/press-room/2024/4/26/24139468/artificial-intelligence-survey-data
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
One in Five Milk Samples Nationwide Shows Genetic Traces of Bird Flu: There is no evidence that the milk is unsafe to drink, scientists say. But the survey ...
nytimes.com/2024/04/25/health/bird-flu-milk-fda.html
Quick Glance: Key Insights on Bird Flu-Traced Milk Safety
- FDA confirms traces of bird flu in milk, but emphasizes low public risk.
- Although genetic material of the virus was found in milk, tests show no infectious or live form.
- Authorities have not conducted specific studies on bird flu inactivation in cow's milk through pasteurization.
- Experts stress that milk with bird flu traces is safe as long as it is pasteurized and sourced from infected cows.
1 in 5 Pasteurized Milk Samples Show Traces of Bird Flu Virus: FDA : A nationwide survey found traces of the bird flu virus in 1 in 5 retail samples of ...
webmd.com/food-recipes/food-poisoning/news/20240426/1-in-5-pasteurized-milk-samples-traces-bird-flu-fda
Quick Glance: Unanswered Inquiries Regarding Advancing Avian Flu in U.S. Cows
- The advancing spread of avian flu in U.S. dairy cattle continues to raise numerous questions. Scientists emphasize the minimal risk to humans, but uncertainties persist regarding the dissemination and impact of the virus.
- Despite confirming the virus in nine states and over 30 herds, the actual scope of spread remains ambiguous due to insufficient testing.
- Researchers express concerns about potential public health implications, the infectivity of the virus in milk, and its transmission. Only one human infection has been officially recorded amid the ongoing outbreak.
- Experts hold differing views on the human risks as the virus persists among cows. The mutation possibility poses a potential threat to human health.
US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
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Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline: Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s ...
dailymaverick.co.za/article/2024-04-26-copper-hits-10000-a-ton-as-bhp-bid-shows-tight-supply-pipeline/
The Surprising Way Inflation Can Be Good for People With Debt: New research shows that most people are unaware inflation can help consumers — by making it easier ...
money.com/inflation-easier-to-pay-off-debt/
Take Five: Fed straight ahead: A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-26/
Stock Market This Week: S&P 500, Nasdaq Finish Higher: With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the ...
bloomberg.com/news/articles/2024-04-26/wall-street-humbled-as-rebounding-markets-weather-fed-pivot-fear
Your High-Yield Savings Account Is About to Look Less Appealing: High-yield savings accounts are about to pull less of a punch. Here's a look at what to do with ...
kiplinger.com/personal-finance/high-yield-savings-accounts/your-high-yield-savings-account-is-about-to-look-less-appealing
A Brief History of the Fed’s Uneasy Peace With the White House: Central bankers are haunted by the danger of political meddling in inflation-control policies.
wsj.com/economy/central-banking/a-brief-history-of-the-feds-uneasy-peace-with-the-white-house-608dee30
US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet Expectations: A selloff in US Treasuries paused on Friday, bringing yields down from their ...
bloomberg.com/news/articles/2024-04-26/treasury-yields-fall-after-pce-inflation-data-meet-expectations
Higher Inflation, Price Tolerance in Japan Boosts Case for BOJ Rate Hikes: Higher inflationary expectations and price tolerance are taking root in Japan ...
bloomberg.com/news/articles/2024-04-22/inflation-mindset-taking-root-in-japan-boosts-case-for-boj-hikes
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JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
apnews.com/article/jpmorgan-chase-jamie-dimon-economy-stagflation-76b6dbb8c87580a709c50dd3d00d751d
Deloitte Study: Women Are More Stressed--but Hybrid Helps: A new report found that women still face many challenges at work, including high stress ...
inc.com/sarah-lynch/study-women-more-stressed-hybrid-helps.html
Many Homeowners Couldn't Afford Their Current House at Today's Prices: In a new survey, 38% of homeowners say they could not afford to buy the houses they ...
money.com/home-prices-unaffordable-today/
The Fed Has Enough Pressure with Inflation Still High. Politicians Don’t Help.: The Federal Reserve will find it hard to lower interest rates so long as the ...
barrons.com/articles/federal-reserve-politics-monetary-policy-c4d8c4be
Paid articlePaid Inflation Data Reinforce Powell’s Shift Toward High for Longer: Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome ...
bloomberg.com/news/articles/2024-04-26/inflation-data-reinforce-powell-s-shift-toward-high-for-longer
Paid articlePaid Acid Reflux Drugs Linked to Increased Risk of Migraines : A new study strongly links usage of acid reflux treatments with an increased risk of experiencing ...
webmd.com/heartburn-gerd/news/20240425/acid-reflux-drugs-increased-risk-migraines
Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Deposit Return Scheme reliability ‘not good enough’, minister admits as our survey reveals extent of issues
independent.ie/irish-news/deposit-return-scheme-reliability-not-good-enough-minister-admits-as-our-survey-reveals-extent-of-issues/a1832644804.html
The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells Us.: There is no single formula for how much you need to save in your 401(k).
wsj.com/personal-finance/retirement/retirement-savings-needed-increased-2024-9f7c01e0
Majority of Texans don't want school vouchers, survey shows: The Texas Hispanic Policy Foundation surveyed 1,600 people on issues like vouchers ...
axios.com/local/houston/2024/04/26/texas-school-vouchers-abortion-border-survey
Is the Steel Sports Watch Era Over? Here’s What the Data Says: Long the dominant material, watchmakers seem to be pivoting away from the go-to metal ...
gq.com/story/state-of-steel-sport-watch-data-says-box-papers-4-26-24
Does fighting inflation always lead to recession? What NZ data tells: Here is what 60 years of New Zealand data shows us.
rnz.co.nz/news/business/515288/does-fighting-inflation-always-lead-to-recession-what-nz-data-tells
Stock market today: Indexes rise to close best week since November: US stocks climbed to end the week. The tech sector rallied sharply, with the Nasdaq Composite ...
markets.businessinsider.com/news/stocks/stock-market-news-today-earnings-pce-tech-rally-nasdaq-alphabet-microsoft-2024-4
Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March: The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March ...
bloomberg.com/news/articles/2024-04-26/fed-s-preferred-core-inflation-gauge-rose-at-brisk-pace-in-march
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Lok Sabha Elections 2024: Water shortages, traffic aggravate Bengaluru as it votes
deccanherald.com/elections/india/lok-sabha-elections-2024-water-shortages-traffic-aggravate-indias-bengaluru-as-it-votes-2996106
US Small-Business Rent Delinquencies Rise to a Three-Year High: The delinquency rate for US small businesses climbed to a three-year high this month ...
bloomberg.com/news/articles/2024-04-26/us-small-business-rent-delinquencies-rise-to-a-three-year-high
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‘Persistent inflation’ will be key in Bitcoin’s run to $200K — Crypto fund manager
cointelegraph.com/news/persistent-inflation-will-be-key-in-bitcoin-s-run-to-200k-crypto-fund-manager
SNB’s Jordan Warns New Inflation Shocks Could Hit ‘Any Time’
bloomberg.com/news/articles/2024-04-26/snb-s-jordan-warns-new-inflation-shocks-could-hit-at-any-time
UK consumers feeling more confident about finances, says NatWest boss: For first time since August 2021 people expect position to be better in a year ...
theguardian.com/business/2024/apr/26/uk-consumers-feeling-more-confident-about-finances-says-natwest-boss
Real Estate: Secret revealed! Majority of HNIs prefer this investment model to generate wealth in realty space
financialexpress.com/money/real-estate-secret-revealed-majority-of-hnis-prefer-this-investment-model-to-generate-wealth-in-realty-space-3468511/
US Inflation Actually Picked Up When Drawn Out to Two Decimal Places: To the naked eye, a key US inflation metric held steady in March. But look a little closer ...
bloomberg.com/news/articles/2024-04-26/us-inflation-actually-picked-up-when-drawn-out-to-two-decimal-places
Zimbabwe’s new ZiG Currency: How Does It Work and Can It Last?: In the latest effort to devise a credible national currency, Zimbabwe has replaced its dollar ...
bloomberg.com/news/articles/2024-04-26/zimbabwe-s-new-zig-currency-how-does-it-work-and-can-it-last
Paid articlePaid Too Much Donald Trump — and a Bit Too Much Inflation: The former president is trying to convince Americans that Biden is weak by repeating it over and over again ...
bloomberg.com/opinion/articles/2024-04-26/too-much-donald-trump-and-a-bit-too-much-inflation
View from Pakistan: Islamabad must be proactive and normalise trade relations with New Delhi
scroll.in/article/1066933/view-from-pakistan-islamabad-must-be-proactive-and-normalise-trade-relations-with-new-delhi
Retirees feel good about money now, but worry about inflation and Social Security
marketwatch.com/story/retirees-feel-good-about-money-and-life-but-worry-about-inflation-and-social-security-e81d453e
Quick Glance: The Illusion of the Optimal Retirement Age
- During the Great Depression, the retirement age was set at 65, despite lower life expectancies at the time.
- Due to increased life expectancy and a growing retiree population, the social security system is facing financial challenges.
- The debate around raising the retirement age is controversial, considering the impact on the health and social status of older workers.
- The discussion on the ideal retirement age also addresses social inequalities, health factors, and the diversity of individual working conditions.
Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
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