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Fed Governor Christopher Waller said he does not think further interest rate hikes will be necessary based on recent economic data. However, Waller said he would need to see \
⏲ 0:36 👁 245K
Richard Fain
⏲ 1 hour 35 minutes 6 seconds 👁 4.6K
Phoenix Luxury Official
⏲ 1 hour 16 minutes 11 seconds 👁 5.8K
Gold prices hit an all-time high of $2,440 per ounce on expectations that the Federal Reserve will cut interest rates soon to address slowing US inflation. A weaker US dollar and comments from Fed officials hinting at rate cuts have boosted sentiment for gold as lower rates reduce the opportunity cost of holding non-yielding bullion. Market analysts say gold is benefiting from its appeal as an inflation hedge, though slowing inflation data has increased bets the Fed will ease monetary policy.
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Dr. Sten Ekberg
⏲ 23 minutes 19 seconds 👁 1.1M
penguinz0
⏲ 3 hours 53 seconds 👁 59.8K
Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.
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美投侃新闻
⏲ 14 minutes 19 seconds 👁 13K
Overkill Singapore
⏲ 21 minutes 43 seconds 👁 48.5K
Stocks reached record highs this week due to an optimistic outlook on potential interest rate cuts by the Federal Reserve. Upcoming earnings reports from companies like Nvidia, Target, Palo Alto Networks, and Lowe's will be monitored closely. Economic news this week includes updates on manufacturing and services sectors, consumer sentiment, and the release of May FOMC meeting minutes. Nvidia's impressive earnings report in May 2023 has boosted the AI industry and impacted the overall market. Nvidia's stock has surged over 86% in 2024 and more than 200% in the past year since its groundbreaking earnings report in May 2023 sparked widespread enthusiasm for AI.
⏲ 0:43 👁 155K
AwareHouseChef
⏲ 4 minutes 5 seconds 👁 143.4K
Best Ever Food Review Show
⏲ 22 minutes 7 seconds 👁 2.4M
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