Inflation is sticking around. Here’s what that means for interest rate cuts — and your money.

[ad_1] The war against inflation was never going to be easy, but the latest consumer price index data demonstrates just how tough a fight the Federal Reserve is facing. In the months ahead, the outcome of that battle will have major implications for your finances. New labor data shows that U.S. prices in March rose 3.5% … Read more

Stocks tumble as hot inflation numbers douse hopes of June interest rate cut

[ad_1] U.S. stocks are sinking Wednesday following new inflation data that showed prices accelerated for a third consecutive month. The hotter-than-expected report further dashed hopes for Fed rate cuts this year amid fears that progress may be stalling in taming elevated price levels. The S&P 500 slumped 1.1% in early trading and is on track … Read more

Inflation runs hot for third straight month, driven by gas prices and rent

[ad_1] Inflation, financial pressures lead more Americans to believe they need more in retirement savings Inflation, financial pressures lead more Americans to believe they need more in retirement savings 01:17 Inflation remains the stickiest of problems for the U.S. economy, with the March consumer price index coming in hotter than expected — the third straight … Read more

Is the U.S. in a “vibecession”? Here’s why Americans are gloomy even as the economy improves.

[ad_1] Inflation, financial pressures lead more Americans to believe they need more in retirement savings Inflation, financial pressures lead more Americans to believe they need more in retirement savings 01:17 The labor market is roaring ahead, wages are rising and inflation is slowing — all key metrics that economists point to as showing a resilient … Read more

When will the Fed cut rates? Maybe not in 2024, one Fed official cautions

[ad_1] Inflation expected to continue with no recession. Financial advisor provides tips on how to save Inflation expected to continue with no recession. Financial advisor provides tips on how to save 05:28 A Federal Reserve official on Thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating Wall … Read more

How sweet it isn’t: Cocoa prices hit record highs ahead of Easter holiday

[ad_1] Chocolate Easter bunnies and eggs will likely come at a higher cost for consumers this year as the price of cocoa climbs to record highs. Cocoa futures have surged this year, roughly doubling since the start of 2024. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more … Read more

The Fed is meeting this week. Here’s what experts are saying about the odds of a rate cut.

[ad_1] Americans are bearing the financial burden of higher costs for every type of loan, from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting Wednesday, economists and consumers alike have one question on their minds: When will the central bank start cutting rates?  … Read more

Home sellers cut list prices amid higher mortgage rates as spring buying season begins

[ad_1] More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, the first annual … Read more

Fed Chair Jerome Powell wants more proof inflation is falling before cutting interest rates

[ad_1] Federal Reserve Chair Jerome Powell said the central bank will cut its benchmark interest rate this year — but not yet. In comments before a House panel on Wednesday that echoed his previous outlook, Powell noted that U.S. prices are falling for both goods and services. Inflation “has eased notably over the past year,” … Read more