The Federal Reserve meets amid the prolonged government shutdown, lacking crucial data. Expected to cut interest rates for the second time this year despite no official jobs report. Private data shows job market weakening. Inflation slightly cools in September. Fed faces stagflation concerns, likely to cut rates by 25 basis points.
Job market softening, inflation stagnant. Fed faces tough decisions. Tariffs impacting economy, retailers raising prices. Prevailing expectation of rate cut. Inflation data aligns with theme of last meeting. Fed likely to cut rates to shore up job market. Fed urged to reassess data and risks.
Fed’s decision influenced by inflation data. Concerns about one-time impact of tariffs on prices. Focus on labor market risks. Inflation could exceed target, impacting decision-making. Fed overly confident in one-time inflation from tariffs. Tariffs’ impact on inflation not clear-cut. The Federal Reserve is considering another rate cut due to rising employment risks. Policymakers estimate two more rate cuts this year, with markets expecting cuts in September and December. Some experts believe a December cut is uncertain, depending on upcoming data. Despite slowing economy, experts see low risk of recession.
Delinquencies on subprime auto loans have raised concerns about lenders’ underwriting standards and potential loan risks. While not indicative of a financial crisis, experts view these losses as signals of economic slowdown or turning points. Subprime borrowers, stretched by inflation, face challenges in making payments, signaling warning signs for the economy. 1. The government has announced new restrictions in response to a rise in COVID-19 cases. These measures include mandatory mask-wearing in public spaces and limits on social gatherings. The goal is to curb the spread of the virus and protect public health.
2. A recent study has found that air pollution is linked to an increased risk of developing dementia. Researchers discovered that exposure to fine particulate matter was associated with a higher likelihood of developing the disease. This highlights the importance of addressing environmental factors in brain health.
3. Scientists have identified a new species of dinosaur in Argentina. The dinosaur, named Llukalkan aliocranianus, had a unique skull shape and likely roamed the Earth during the Late Cretaceous period. This discovery sheds light on the diversity of dinosaur species that once inhabited the region.
Read more at Yahoo Finance: Fed expected to cut rates again, even as officials fly blind without data