Investment Learning

  • July 11, 2024

Traders Anticipate A Possible Third Rate Cut By The Federal Reserve Following CPI Data Release

According to Odaily, following the release of the Consumer Price Index (CPI) data, traders are predicting a 25% chance of the Federal Reserve implementing a third 25 basis point rate cut within the year. This speculation is based on the recent economic indicators and the central bank's monetary policy. The Federal Reserve has already implemented two rate cuts this year in an attempt to stimulate the economy. The potential third cut would further decrease the cost of borrowing, potentially stimulating further economic growth. However, it's important to note that these are predictions and the actual decision will depend on various factors including the state of the economy and inflation rates.

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  • July 11, 2024

US Initial Unemployment Claims Drop to 222,000

According to BlockBeats, the number of initial unemployment claims in the United States for the week ending July 6th was 222,000. This figure is lower than the anticipated 236,000 and the previous value of 238,000. The decrease in initial unemployment claims suggests an improvement in the US job market. However, the exact impact of this decrease on the overall economy is yet to be determined. Further analysis and monitoring of the job market trends are required to understand the full implications of these numbers.

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  • July 11, 2024

States that will see biggest summer bump in electric bills

Summer is making itself known with rising temperatures and balmy weather. Air conditioning usage and the heat aren't the only factors driving up your electricity bill. As inflation fell by 0.1% month-over-month in June, what does this mean for broader electricity costs? Yahoo Finance senior reporter Rachelle Akuffo details the month-over-month easing in electricity prices — offset by a 4.4% annual rise — and which states will see the biggest electric bills this summer. According to June's Consumer Price Index (CPI) report, energy prices actually fell by 2.0% in June while rising 1.0% year-over-year. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.

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