07:58 AM EDT, 09/16/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as the focus turned to the Federal Open Market Committee's pending rate policy announcement Wednesday and shifting chances of a larger front-loaded rate cut than previously expected. The CME FedWatch tool shows a 59% chance of a 50 basis point rate reduction...

For 13 years, the 3 percent annual salary boost that Ricardo M. could count on every October felt like a beacon of stability and a nod that his loyalty as a plumbing supply salesman was being rewarded. But in the aftermath of a post-pandemic inflation surge, those raises have since lost their luster. His grocery bills have doubled. The cost...

In recent years, Federal Reserve Chair Jerome Powell mentioned inflation extensively in various speeches, testimonies, and reports. This Wednesday will be no different. The Fed will meet and put in place what the market expects to be a 25-point basis reduction to its benchmark interest rate. The rate influences borrowing costs for mortgages, credit cards, and car loans. It’s been...

LAS VEGAS/RENO, Nevada (Reuters) - The cracks in the labor market in Las Vegas and across Nevada have typically appeared early and widened fast when the U.S. economy soured, making the consumer-driven city and state a bellwether of sorts for the rest of the country. By that measure, as the Federal Reserve heads towards a momentous shift to interest rate...