Vet Bills: What You Need to Know
Vet prices have risen nearly twice the rate of inflation.
Vet prices have increased by 63% over 7 years
Large vet groups charge 16.6% more than independent vets
Proposed changes include publishing price lists and capping prescription fees
Australia's Inflation and Immigration Updates: What You Need to Know
Inflation has jumped to 3.2% in Australia, with a significant rise in electricity prices.
Inflation increased from 2.1% in June to 3.2% in September
Underlying inflation rose for the first time in nearly three years
Australia has started sending people to Nauru as part of a $2.5bn deal.
Over 350 people will be sent to Nauru over the next 30 years
The deal allows Australia to apply for 30-year visas on behalf of the cohort
Mortgage Rates and Gold Investment: What You Need to Know
Are you considering a new mortgage or investing in gold? Here are the key things to consider:
Current mortgage rates: 15-year mortgage at 5.81% and 30-year mortgage at 6.46%
Refinance rates: 15-year refinance at 5.82% and 30-year refinance at 6.50%
Investing in gold: prices could rise after the October Fed meeting, and it's a good way to hedge against inflation and diversify your portfolio
With the Fed's next meeting approaching, INVESTING IN GOLD could be a strategic move to make right now. Gold prices have been rising, and they could RISE EVEN MORE after the meeting.
Fed Stands Firm on Interest Rates Amid Inflation Worries and Trump's Demands
The Federal Reserve held interest rates steady, hitting the brakes on lowering borrowing costs for individuals and businesses. Economists predict the central bank will take a wait-and-see approach to President Trump's economic policies, given that some, like higher tariffs, could prove inflationary. Inflation has fueled concerns that additional rate cuts could reignite price increases, making it more difficult to get to the Fed's 2% target. Here's what it means for consumers and businesses.
\
Fuel Tanker Explosion Kills Dozens in Nigeria: What You Need to Know
A fuel tanker explosion in Nigeria has left at least 70 people dead and several others injured. The incident occurred when a gasoline tanker truck overturned and exploded, with locals gathering to collect spilled fuel despite warnings. This tragedy highlights Nigeria's ongoing cost of living crisis, which has seen widespread protests over soaring prices and inflation.
Rachel Reeves Gets a Break: A Glimpse of Hope Amid Economic Turmoil
Breathing Room for the Chancellor:** After a challenging start to the year, Rachel Reeves is finally getting a break. Better-than-expected inflation figures and a return to economic growth have provided some relief. However, the chancellor must tread carefully, as inflation is still a concern, and breaking fiscal rules remains a risk. Turning around a flatlining economy requires time, and Labour's options are limited by the need for fiscal responsibility. Nevertheless, there are some positive signs: real wages have returned, and a Bank of England rate cut could help boost growth._What's the future for Rachel Reeves?: Can the chancellor navigate the economic challenges and kickstart growth?
Trump Walks Back Promises on Inflation and Ukraine
What happened to Trump's campaign promises? The President-elect has walked back on his pledge to lower grocery prices and mediate an end to the Russia-Ukraine conflict within 24 hours of his inauguration. Instead, he now says undoing inflation is 'very hard' and resolving the conflict might take up to six months. His envoy to Russia and Ukraine, Keith Kellogg, has suggested a 100-day timeline. Here's what you need to know.
BOOM! The US Economy Soars Under Biden, But Will Trump's Policies Derail It?
Wow!** The US labor market just had a stunning month, adding 256,000 jobs in December, beating expectations! Healthcare, retail, and government led the way. But will Trump's policies like tariffs and mass deportations cause inflation and hurt the economy? Experts are worried. Plus, the Fed is trying to bring down inflation to 2%. Stay tuned!
UK Economy Stalls Amidst Tax Rises and Inflation
The UK economy stagnated in the third quarter of 2024, with zero growth, according to revised figures from the Office for National Statistics. The Bank of England recently reported that the economy performed worse than expected in the last quarter of 2024, with no growth at all between October and December. Inflation is also rising at its fastest pace since March, adding to the economic woes. Businesses are expecting to cut jobs and raise prices as a result of tax rises, according to a CBI survey. The government's measures, including a rise in employer national insurance and higher minimum wage, could push firms to raise prices and reduce new jobs.
Fed Cuts Interest Rates, Expects Slower Pace Ahead
In a move that could impact your finances, the Federal Reserve has cut interest rates by a quarter of a percentage point. This brings the total rate cuts to a full percentage point since September. The Fed also signaled a slower pace of cuts ahead, with just two more cuts expected in 2025. The decision comes amid uncertainty about potential policy changes after Donald Trump's second term begins, with some of his proposals potentially inflationary. The dollar rose on the news, but stock markets faltered. Here's what it means for you.
Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts
Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts
Minneapolis Federal Reserve President Neel Kashkari expects the economy to remain strong, with the unemployment rate at 4.1% and inflation at 2.5%.*
Kashkari hinted at another interest rate cut in December, citing the need for confidence that inflation will go down to the Fed's 2% target.*
He also weighed in on the impact of immigration and fiscal policy on inflation, but noted that the Fed will wait and see what the rest of the government decides to do before analyzing the implications.*
FED CUTS INTEREST RATES AGAIN AFTER TRUMP ELECTION WIN; INFLATION EASING
FED CUTS RATES FOR SECOND TIME
The Federal Reserve lowered interest rates by 0.25 percentage points for the second time in a row. Rates now stand at 4.5% to 4.75%.
INFLATION EASING
The Fed's main tool for managing inflation is the interest rate. Inflation has been easing, with the main measure dropping to 2.4% in September and the Fed's target rate at 2%.
TRUMP ELECTION WIN
The Fed's decision comes after Donald Trump's re-election. The mortgage rate is down 1% from a year ago, thanks to the rate cuts.
FED CHAIR'S TERM
Fed Chair Jerome Powell's term ends in May 2026. Trump has said he will let Powell serve out his term, but has also suggested he should have a say in Fed decisions, threatening the bank's independence.
Gold: A Smart Investment before November?
Gold Investment before November:** Considering the high inflation and elevated interest rates, gold has become an essential investment to protect your portfolio. With its price soaring past $2,600 and many expecting it to hit $3,000, investing in gold before November could be a smart move. Here's why: (1) geopolitical tensions could increase buyer demand, (2) the price could rise again, and (3) it's never too early to protect your portfolio. **Start Exploring Your Top Gold Investment Options Here.
UK Inflation Surprises with Big Drop, Paving Way for Rate Cuts
UK Inflation Surprises with Big Drop, Paving Way for Rate Cuts
The UK inflation rate unexpectedly fell to 1.7% in September, the lowest in three years
The drop is due to lower airfares, petrol prices, and domestic/European flight fares
Food and non-alcoholic drink prices rose, but households were hit less than expected
Economists predict a quarter percentage point cut in November, with more to come
The drop in inflation comes as Chancellor Rachel Reeves looks to make tax rises and spending cuts to the value of £40bn
Potential Port Strike Threatens Holiday Shopping Season
Heads up!** A strike by U.S. dockworkers on the East and Gulf coasts could disrupt the flow of goods, leading to higher consumer prices and potential shortages. The International Longshoreman's Association is demanding higher wages and a ban on automated equipment, while the U.S. Maritime Alliance, representing the dockworkers' employers, has not responded to requests for comment. The strike could begin as early as Tuesday, and experts warn of significant economic consequences. Let's hope for a quick resolution!
How the Federal Reserve Influences Mortgage Rates: A Comprehensive Guide
The Federal Reserve's recent decision to slash the federal funds rate has sparked optimism among borrowers, as it suggests the rate environment could become more favorable in the coming weeks. But while the Fed's actions influence mortgage interest rates, they aren't the only thing that plays a role. In this comprehensive guide, we'll explore the key factors that will help influence where mortgage rates head next, from inflation trends and labor market conditions to U.S. Treasury yields and housing market demand. Whether you're a homebuyer, a homeowner, or simply interested in the housing market, this guide will help you stay informed and navigate mortgage rate fluctuations in the coming weeks and months. So, let's dive in!
US Economy Adds 142,000 Jobs in August, Fed Likely to Cut Rates
US employers added 142,000 jobs in August, slightly below expectations. The unemployment rate decreased from 4.3% to 4.2%. This could prompt the Federal Reserve to cut interest rates in their upcoming meeting. Inflation has been falling, and officials hope to guide the US to a soft landing.
Kamala Harris Unveils Economic Plan to Fight Inflation
Kamala Harris, the Democratic vice president, is set to outline her economic plan on Friday. The plan includes support for a federal ban on price gouging, a practice that has been blamed for the recent surge in inflation. Harris and President Joe Biden will hold a joint rally in Washington DC's Maryland suburbs to discuss their efforts to lower prices. Polls show Harris leading Donald Trump both nationally and in several swing states. Trump will hold a press conference at 4.30pm today, and JD Vance, Trump's running mate, will speak in Pennsylvania at 10am. The Cook Political Report shifted its rating for Nevada's Senate race from 'toss-up' to 'leans Democrat' in good news for the incumbent Democrat Jacky Rosen. Trump is also set to be interviewed by Elon Musk this evening.
