Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates. The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shigeru Ishiba will become the next prime minister of Japan after winning the presidency of the ruling Liberal Democratic party in a closely contested run-off vote on Friday.As president of the LDP…

‘She wasn’t well received’: Georgia state lawmaker reveals how Harris is seen in community CNN’s Phil Mattingly speaks with residents of a community in battleground Georgia, who share their views on the Biden administration and which of the candidates in the 2024 election are resonating most. Read the full article…

As you know, for most people, you can claim Social Security retirement benefits between the ages of 62 and 70. Full retirement age is between the ages of 62 and 70. This is the age Social Security considers you to be “fully retired”. Full retirement age ranges between 66 to…

Mortgage rates barely moved this week, but long-term notes declined to the lowest levels Americans have seen since 2022. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.08% from last week’s reading of 6.09%. The average…

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Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve’s rate cut was to buy Chinese stocks. “I thought that what the Fed did last week would lead to China easing, and I didn’t know that they were going to bring out the big guns like…

Appaloosa Management’s David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility.”You just read what these guys are saying,” Tepper said on CNBC’s “Squawk Box” Thursday. “Powell told you something… He told you some…

See glossary of frequently used terms for definitions The ICE BofA US 3·Month T-Bill Index(benchmark) measures the performance of 3-month US T-Bills. Bloomberg 1-3 Year US Government/Credit Index measures the performance of the short-term (1-3 years) government and investment-grade corporate bond markets. The US Treasury Index an index based on…