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Business
Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy
Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy The Federal Reserve has cut interest rates for the second time in six weeks as inflation remains high and the US labor market shows more signs of strain. The Fed announced the approval of a quarter-point rate cut in a news release on Wednesday, Oct. 29. The move lowers the Fed's benchmark funds rate to between 3.75% and 4%. The decision follows a string of weaker jobs reports and growing economic concerns surrounding President Donald Trump's widespread tariffs. "Available indicators suggest that economic activity has been expanding at a moderate pace," the Fed said. "Job gains have sl…

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by Chris Spiker
Business
Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know
Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know The Federal Reserve has cut its key interest rate for the first time in 2025 amid a slowing job market and economic pressure from President Donald Trump's tariffs. The Fed approved the quarter-point reduction to interest rates on Wednesday, Sept. 17. The overnight funds rate will drop to between 4% and 4.25%, in the first rate cut since December 2024. The cut comes as the Fed warns about rising prices and a slumping labor market. "Recent indicators suggest that growth of economic activity moderated in the first half of the year," the Fed said in a news release. "Job gains have slowed,…

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by Chris Spiker
Lifestyle
These Are 10 Worst Cities For Traffic In US: Brand-New Rankings These Are 10 Worst Cities For Traffic In US: Brand-New Rankings
These Are 10 Worst Cities For Traffic In US: Brand-New Rankings Traffic jams continue to plague urban centers across the United States, leading to lost time, increased costs, and frustration for millions of commuters.  The 2024 INRIX Global Traffic Scorecard sheds light on the cities most affected, providing valuable insights into the challenges faced by drivers. Here are the 10 cities with the worst traffic, according to INRIX: New York City – The Big Apple leads the nation, with drivers losing countless hours in traffic. Chicago – The Windy City ranks second, with congestion remaining a major issue. Los Angeles – LA’s infamous gridlock earns it…

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by Joe Lombardi