inflation – Page 27 – One America News Network

A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly

US consumers could become discouraged without rate cuts, Bank of America CEO says

If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 8, 2024. REUTERS/Brendan McDermid/File Photo

Wall St edges lower as volatile week draws to a close

Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo

The Fed has cut rates amid stock swoons before. Not this time

A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.

Anti-government protestors attempt to vandalise a statue of Sheikh Mujibur Rahman, Bangladesh's founding father and parent of the country's ousted Prime Minister Sheikh Hasina, in Dhaka on August 5, 2024. Bangladeshi Prime Minister Sheikh Hasina's 15-year rule ended on August 5, as she fled after more than a month of deadly protests as the military announced it would form an interim government. (Photo by Abu SUFIAN JEWEL / AFP) (Photo by ABU SUFIAN JEWEL/AFP via Getty Images)

Bangladesh PM Resigns And Flees Country After Weeks Of Violent Protests

Bangladesh Prime Minister Sheikh Hasina’s 15-year rule ended after she resigned and fled the country on Monday due to protestors defying a military curfew to storm her official residence.