Could Minnesota's proposed rebate checks fuel even higher inflation?:
startribune.com/could-minnesotas-proposed-rebate-checks-fuel-even-higher-inflation/600260201/
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| Last Updated | Mar 20 23 |
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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
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Quick 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/
Minneapolis approves $150K settlement for witness to George Floyd's murder: The Minneapolis City Council has agreed to pay a $150,000 settlement to an eyewitness ...
abcnews.go.com/US/wireStory/minneapolis-approves-150k-settlement-witness-george-floyds-murder-109695052
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
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
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
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.
Icehouse on Minneapolis’ Eat Street facing eviction for unpaid rent: Chicago-based Northpond Partners is suing for more than $85,000 in unpaid rent.
startribune.com/icehouse-eviction-restaurant-music-venue-northpond-paster-nicollet-eat-street-minneapolis/600361041/
Paid articlePaid Minneapolis will bid to host Sundance Film Festival: Sundance Film Festival organizers have said they’re open to moving away from Utah in 2027 ...
startribune.com/minneapolis-considers-bid-to-host-sundance-film-festival/600361061/
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/
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
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
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
Report: Mediation session scheduled in Wolves' sale dispute: The Minnesota Timberwolves' ownership dispute will advance to a mediation session on May 1 in ...
reuters.com/sports/report-mediation-session-scheduled-wolves-sale-dispute-2024-04-23/
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
Man gets more than 21 years in gun-battle crash that killed woman on scooter in North Loop
startribune.com/man-gets-more-than-21-years-for-part-in-fatal-crash-during-rolling-shootout-in-downtown-minneapolis/600361719/
Minneapolis public schools and teachers reach tentative contract agreement to avert strike
startribune.com/minneapolis-public-schools-contract-agreement-strike/600361535/
Paid articlePaid 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
NFL Rumors: Kirk Cousins 'Stunned' QB Michael Penix Jr. Was Drafted by Falcons at 8
bleacherreport.com/articles/10118630-nfl-rumors-kirk-cousins-stunned-qb-michael-penix-jr-was-drafted-by-falcons-at-8
Quick Glance: Falcons Surprise by Drafting QB Michael Penix Jr.
- The Atlanta Falcons made waves at the NFL draft by selecting Washington quarterback Michael Penix Jr. with the eighth overall pick, shocking many.
- Despite recently signing Kirk Cousins to a lucrative deal, the Falcons opted for Penix, highlighting their long-term vision for the team.
- Penix expressed readiness to learn from Cousins, while the Falcons firmly believe he could be their future franchise player.
- Amid past controversial picks, the Falcons stand by their decision, aiming to follow successful team models by grooming Penix as the successor to Cousins.
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
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/
Al Shaver was one and only 'Voice of the North Stars' and an all-time great guy : Al Shaver, who had a premier standing among Minnesota sports radio voices ...
startribune.com/al-shaver-voice-of-minnesota-sports-north-stars-dies-age-96-patrick-reusse/600361450/
William F. Gusie of Stillwater, killed at Pearl Harbor 83 years ago, will return home for burial after his remains identified
startribune.com/a-minnesota-sailor-killed-at-pearl-harbor-to-come-home-83-years-later/600361407/
'He was about community': Scores memorialize north Minneapolis entrepreneur Sammy McDowell
startribune.com/sammy-mcdowell-north-minneapolis-community/600361273/
Minneapolis City Council declines to endorse Frey’s Third Precinct plan : Council Members meeting as a committee did not lend their support to Mayor Jacob Frey’s ...
startribune.com/minneapolis-city-council-declines-to-endorse-freys-third-precinct-plan/600361110/
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
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
Ramen Shoten at Eat Street Crossing in Minneapolis will close: But the popular food hall space won’t be empty for long as Vegas chef Louross Edralin brings in ...
startribune.com/eat-street-crossing-new-restaurant-food-hall-ramen-zen-box/600360997/
Former MnDOT official Timothy Sexton approved as Minneapolis public works director
startribune.com/former-mndot-official-approved-as-minneapolis-public-works-director/600361682/
Paid articlePaid Second teen suspect arrested in Minneapolis 'Nudieland' mass shooting that killed 1, injured 6
startribune.com/second-teen-suspect-arrested-in-minneapolis-nudieland-mass-shooting-that-killed-1-injured-6/600361293/
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/
Who Is Will Stancil? The Minnesota Candidate From Twitter: Policy wonk Will Stancil, who recently announced a run for the Minnesota statehouse ...
nymag.com/intelligencer/article/will-stancil-twitter-mn-house-candidate.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
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/
Medcalf: Exonerated of murder, author will speak at our Minneapolis book club about 'life and freedom'
startribune.com/medcalf-join-us-for-our-book-club-talk-with-author-who-was-wrongly-convicted-and-freed-after-being-on-death-row/600361079/
Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...
reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/
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.
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
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
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
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 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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‘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
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
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/
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
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 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/
‘Bonkers’ house for sale in Minnesota. Take a look at the ‘mid-century mausoleum’
sacbee.com/news/nation-world/national/article287919390.html
Euro-Zone Inflation Set to Hit First Bump in ECB’s Road to 2%
bloomberg.com/news/articles/2024-04-26/euro-zone-inflation-set-to-hit-first-bump-in-ecb-s-road-to-2
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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.
Lending and consumer data cements case for ECB rate cuts: Euro zone lending continued to stagnate in March and consumers trimmed their inflation expectations as ...
reuters.com/markets/europe/lending-consumer-data-cements-case-ecb-rate-cuts-2024-04-26/
Turkey’s Central Bank keeps interest rates unchanged in first meeting after local elections
duvarenglish.com/turkeys-central-bank-keeps-interest-rates-unchanged-in-first-meeting-after-local-elections-news-64263
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
Paid articlePaid Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
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
Sterling steadies against dollar, jumps to 16-year high vs yen: Sterling steadied on Friday after rising to a two-week high against the dollar as markets awaited ...
reuters.com/markets/currencies/sterling-steadies-against-dollar-jumps-16-year-high-vs-yen-2024-04-26/
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5 ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-04-05/
Argentina's inflation fight makes peso world's strongest currency: Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top ...
markets.businessinsider.com/news/currencies/argentina-peso-us-dollar-dollarization-recession-inflation-milei-foreign-currency-2024-4
US data blurs the picture for bond investors: The combination of slower growth and nagging inflation is an unsettling mix
ft.com/content/202c4e5a-15f0-425b-b688-c00a1b0ce39c
Brazil Inflation Slows More Than Expected Before Rate Decision: Brazil’s inflation cooled more than expected, giving the central bank room to maintain its ...
bloomberg.com/news/articles/2024-04-26/brazil-inflation-slows-more-than-expected-before-rate-decision
Singapore’s private home price growth slows to 1.4% amid lower sales: In the first quarter of 2024, the total stock of unsold new homes rose to 20,204 units.
straitstimes.com/business/singapore-s-private-home-price-growth-slows-to-14-amid-lower-sales
Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says
coindesk.com/markets/2024/04/26/bitcoin-chops-around-64k-with-japanese-yens-tumble-maybe-signaling-currency-turmoil-analyst-says/
Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
The yen has a yield problem the BOJ can't easily fix: As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy ...
reuters.com/markets/currencies/yen-has-yield-problem-boj-cant-easily-fix-2024-04-25/
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
- The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.
- Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.
- Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?
- Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
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.
on.wsj.com/3QiUZT2
Russia Holds Rates With Little Inflation Relief in Sight: Russia kept interest rates unchanged on Friday, as inflation risks from a persistently tight labor ...
bloomberg.com/news/articles/2024-04-26/russia-extends-rate-pause-with-little-inflation-relief-in-sight
KSBL writes a loss of 25 million francs for the 2023 financial year: After a profit of 2.5 million francs in 2022, the Kantonsspital Baselland (KSBL) slipped ...
bzbasel.ch/basel/baselland/jahresbilanz-im-tal-der-traenen-ksbl-schreibt-einen-verlust-von-25-millionen-franken-fuer-das-geschaeftsjahr-2023-ld.2610918
What to Do With Bonds When Inflation Won’t Die: Readers weigh in, and our columnist responds, on how to invest for income in this market
wsj.com/finance/investing/how-not-invest-bond-market-part-two-cd4e6697
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
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The Good News on Safe Withdrawal Rates: Our annual study suggests that new retirees can spend more from their portfolios.
morningstar.com/retirement/good-news-safe-withdrawal-rates
Navigating Major Transitions in an Uncertain Economy | by Mohamed A. El-Erian - Project Syndicate
project-syndicate.org/commentary/us-growth-slows-while-inflation-remains-fueling-deeper-global-uncertainty-by-mohamed-a-el-erian-2024-04
Paid articlePaid Jamie Dimon thinks he knows why people are so gloomy about the economy: The lowest earners have been left out of the economic boom, and it's no wonder they're ...
businessinsider.com/jamie-dimon-jpmorgan-wealth-income-inequality-economy-inflation-recession-housing-2024-4
Insights into Brazil’s April Inflation Slowdown: In April, inflation in Brazil experienced a significant deceleration, as evidenced by the IPCA-15 index ...
riotimesonline.com/insights-into-brazils-april-inflation-slowdown/
Roku Q1 Results Show Benefits Of Streaming Price Hikes: Roku posted solid first-quarter financials, with positive results in several key metrics illustrating the ...
deadline.com/2024/04/roku-q1-earnings-show-streaming-price-hikes-1235895379/
The latest on the US economy and other economics stories to read: Top economy stories: Lastest on the US economy; Bank of Japan keeps interest rates steady; ...
weforum.org/agenda/2024/04/us-economy-economics-finance-news-26-april/
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