Inflation rose 2.4% last month — higher than expected

Inflation rose 2.4% last month — higher than expected

Inflation came in hotter than expected last month — dimming hopes for another big interest rate cut from the Federal Reserve next month. The Consumer Price Index rose 2.4% versus a year ago in September, slightly above the 2.3% increase economists had expected, the Labor Department said on Thursday. Month-over-month, the CPI rose 0.2% — … Read more

‘My anxiety’s through the roof,’ says woman who stayed at home for Milton

‘My anxiety’s through the roof,’ says woman who stayed at home for Milton

Chynna Perkins Chynna and Sterling Perkins stayed put with their two dogs For days, Florida residents were pelted with warnings about a coming storm. Less than two weeks after Hurricane Helene thrashed the US south-east, Hurricane Milton was forecast to make landfall in heavily populated central Florida. Officials urged residents around the state’s Gulf Coast … Read more

Expect a 3-handle on the Fed funds rate by the middle of next year, says Wharton’s Jeremy Siegel

Expect a 3-handle on the Fed funds rate by the middle of next year, says Wharton’s Jeremy Siegel

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins ‘Squawk Box’ to discuss the state of the economy, what to expect from the September CPI data, impact on the Fed’s inflation … Read more

Tornadoes reported as Hurricane Milton lashes Florida

Tornadoes reported as Hurricane Milton lashes Florida

Tornadoes touch down in Florida ahead of hurricane Multiple tornadoes have been reported across Florida as Hurricane Milton lashed the state. They were spotted in parts of south Florida, and crossing a key highway as drivers were on the road. The National Oceanic and Atmospheric Administration (NOAA) said forecasted conditions were helping Milton produce the … Read more

Here’s why Stellantis is struggling

Here’s why Stellantis is struggling

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Merging some of America’s legacy car brands with big European ones made Stellantis the world’s fifth largest automaker in 2021. Just three years later, Stellantis is struggling, and its troubles lie specifically with its North American business – home to Jeep, Ram, … Read more