President Donald Trump is once again pressuring the Federal Reserve to cut interest rates, this time threatening to halt trade with some of America’s biggest partners. The comments come as the economy faces persistent inflation and affordability concerns.
The president made the threat in a Truth Social post, responding to the stronger-than-expected job report.
Nvidia (NVDA -2.27%) had a sluggish start to the year, but its rally ahead of earnings gained momentum when the company reported solid results. It’s felt long overdue, but the chipmaker is once again outpacing the S&P 500 with a 23% year-to-date return.
» Read more about: Nvidia Is Suddenly Outpacing the S&P 500. Expect That to Continue. »
» Read more about: Copart (CPRT) Stock: Jump After $1.9 Billion ACV Acquisition »
Yael Selfin, chief economist at KPMG, said that outside of the US, in places such as the UK, the economic environment has been “much weaker” than where it was in 2022, when the last inflation shock hit the world. UK inflation reached a record high of 11.1% in October that year.
» Read more about: Interest rates could rise again across the world – here's why »
Social Security faces a possible 22% benefit cut across the board in just six years if it continues on its current track. That’s enough to slash average checks by more than $500 per month in 28 states plus the District of Columbia, and some seniors could lose a lot more.
This isn’t guaranteed to happen,
» Read more about: The 28 states that could see Social Security cuts of $500 or more »
He has been arranging his hours around a Social Security rule for years, turning down overtime he could have used. The data center boom is offering him exactly the work he thought retirement would force him to refuse.
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Economic data: CPI, month-on-month, August (+0.4% expected, +0.1% previously); Core CPI, month-on-month, August (+0.2% expected, +0.2% previously); CPI, year-on-year, August (+3.4% expected, +3.4% previously); Core CPI, year-on-year, August (+2.4% expected, +2.5% previously); Real average hourly earnings, year-on-year, August (-0.1% previously); Real average weekly earnings, year-on-year, August (+0.1% previously); U. Mich.
Jakarta. Indonesian stock market extended its decline on Friday as escalating US-Iran tensions pushed oil prices higher and fueled concerns over inflation, interest rates and global energy supplies.
Jakarta Composite Index (JCI) fell 0.73%, or 47 points, to 6,541, after moving between 6,462 and 6,552 during the session.
Trading volume reached 30.45 billion shares,
» Read more about: JCI Drops 0.73% as Oil Prices, US-Iran War Weigh on Stocks »
Investors tend to dread rate hikes, but some Wall Street pros say not to fret too much if the Federal Reserve raises interest rates this year.
Odds are high that the Fed will hike rates at least once in the remaining months of 2026. As of Thursday afternoon,
» Read more about: Why stocks could weather coming rate hikes just fine »