Freddie Mac Announces First Quarter 2024 Financial Results

NCA NewsWire
Aussie bank ditches cash payments
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
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Tax warning: Aussies still paying back ATO bill could get slugged again
Mia is still paying off her unexpected tax bill - and experts warn she and millions more could get slugged again
NCA NewsWire
Awkward detail in new tax cuts
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China Builder Agile Defaults for First Time on Dollar Bonds
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$3 billion lifeline to reduce HECS-HELP debt explained
The government has announced massive changes to the way student loan debt is paid off.
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These two factors will bring inflation to 2%: Economist
Ahead of the highly anticipated Consumer Price Index (CPI) report scheduled for release on Wednesday, PNC Financial Services Group Chief Economist Gus Faucher joins Market Domination Overtime to discuss the potential implications of future Federal Reserve rate cuts. Faucher anticipates a slowdown in the year-over-year CPI report, which he considers "good news from the Fed's perspective." However, he expects the Federal Reserve to maintain a cautious stance and keep interest rates on hold until it can observe "more definitive proof that inflation is really slowing." Faucher outlines two critical factors that need to materialize for the Fed to achieve its inflation target: "slower growth in housing costs," which has not yet been reflected in the shelter component of inflation data. And second, weaker wage growth is necessary, as these two elements combined can guide markets "back to that 2% objective." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
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UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes
European shares were subdued on Tuesday as investors braced for a key U.S. inflation data and Federal Reserve Chair Jerome Powell's remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber. After strong gains last week, investors are at bay for two days now ahead of the U.S. producer prices inflation data and Powell's remarks, one day prior to the market-moving consumer prices inflation data, for clues on the Fed's interest rate-cut outlook.
Yahoo Finance
Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopes
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Bloomberg
Stocks Waver as Traders Map Out Game Plan for CPI: Markets Wrap
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2% inflation target out of reach until services ease: Strategist
As April's Consumer Price Index (CPI) showed signs of inflation moderating, the S&P 500 (^GSPC) and NASDAQ Composite (^ICIX) reached record highs. Rabobank Senior Cross-Asset Macro Strategist Christian Lawrence joins Catalysts to discuss the latest CPI print and what it could signal for the current inflationary moment. Following today's record highs, Lawrence says, "The sensitivity to data releases is going to continue." However, he does warn of pressures like shelter inflation that will continue to challenge households nationwide. He adds, "In order to see a real slowdown in inflation particularly, it's the services measure that we really need to focus on...Without that easing, without seeing consumption start to slow, we're not going to get that 2% target." He believes that the inflation won't return to 2% in the next few years as domestic production and trade barriers remain key factors in the economy. "When it comes to shelter inflation, I don't see much relief in the coming months whatsoever. And that's going to keep that core services measure higher," Lawrence explains. He says the housing market is deadlocked as homeowners are largely unwilling to sell amid high mortgage rates. In addition, he says that rental inflation will not fall back to pre-pandemic levels. As all eyes are on the Federal Reserve's next interest rate decision, Lawrence breaks down the likelihood of cuts and the long-term health of the economy. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl

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Freddie Mac Announces First Quarter 2024 Financial Results

Latest stories

Aussie bank ditches cash payments

Tax warning: Aussies still paying back ATO bill could get slugged again

Awkward detail in new tax cuts

China Builder Agile Defaults for First Time on Dollar Bonds

$3 billion lifeline to reduce HECS-HELP debt explained

How To Generate Passive Income With Just $5,000

Wealthy Retirement: 3 Ways To Become a Millionaire by 65

AMC Seizes on Meme Stock Moves to Cut $164 Milllion of Debt

Volution Group (LON:FAN) Is Doing The Right Things To Multiply Its Share Price

35 Useless Expenses You Need To Slash From Your Budget Now

China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales

Thames Water investors to quit boards amid spectre of bailout

These two factors will bring inflation to 2%: Economist

I’m a Boomer Retiree: Why I Have No Regrets About How I Saved and Spent My Money

Investing in Toro (NYSE:TTC) five years ago would have delivered you a 33% gain

UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes

Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopes

Stocks Waver as Traders Map Out Game Plan for CPI: Markets Wrap

5 Simple, Effective Ways To Set Yourself Up for a Financially Secure Future

2% inflation target out of reach until services ease: Strategist