Economy

Hedge fund manager expects central bank to cut interest rates in December.

Treasurer Tim Pallas says the budget is about helping families and address inflation.

Patience is vital in bringing inflation back to target.

‘We need to do something about our national debt or the dollar will be worth nothing,’ Mr. Musk said.

‘Our economy’s bad,’ President Trump said. ‘And it’ll only get worse.’

The unemployment rate ticks up to 3.9 percent.

Yet retail sales were slow due to ‘expectations around taste’ and the ‘higher price point’ of plant-based products.

The investment bank is phasing out all cash and cheque services in 2024.

Industry experts warn that buyers closing deals out of ‘fear of missing out’ may be ruining their financial futures.

Fed Chair Powell says his confidence in inflation moving back down is lower than before.

Over the next six months, it is estimated that fewer American consumers plan on buying homes or big-ticket appliances.

‘This senseless nationwide codes mandate will significantly raise housing costs,’ said NAHB chairman Carl Harris.

The Treasury Secretary refutes the Republican argument that President Joe Biden is raising taxes.