Opinions expressed by Entrepreneur contributors are their own. There are two things that Costco customers love: a great deal and yummy food. Well, a recent change at their bakery counter has failed on both fronts, according to angry Costco members. When a Reddit user posted this sign at their local shop, the butter knives came…
WASHINGTON: US consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. The consumer price index rose 0.2% for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the…
The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank’s goal of a 2% annual rate. That could cement more rate cuts ahead in 2024, according to Wall Street economists. September’s PCE was in line with the median…
WASHINGTON: The US economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services – did slow slightly from its 3% growth…
The Ford government is planning on sending Ontario taxpayers a $200 rebate cheque in the mail starting early next year. Premier Doug Ford made the announcement Tuesday alongside he province’s finance minister Peter Bethlenfalvy — a day before the province tables its fall economic statement. The $200 aside, the province is also proposing an additional…
MUMBAI: The central bank’s projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats.“Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate…
Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering a cut. India’s central bank governor Shaktikanta Das said an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by…
The European Central Bank (ECB) on Thursday reduced the benchmark interest rate from 3.5% to 3.25% following data indicating that inflation across the region had dropped to its lowest point in over three years. In September, inflation fell to 1.8%, dipping below the ECB‘s 2% target for the first time in three years.This is the…
The average Social Security payment is increasing by $48 per month next year. The Social Security Administration announced the 2.5% cost-of-living adjustment (COLA) for 2025 on Thursday, marking the smallest increase since 2021. The average COLA was 2.6% across the past decade, with the 2024 change at 3.2%, according to the administration. The close to…
