interest rates – Page 6 – One America News Network

NEW YORK, NEW YORK - MARCH 10: A person shops for groceries at Lincoln Market on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn borough in New York City.The Labor Department reported that consumer inflation rose 7.9% over the past year, the largest rise since 1982, raising the prices of gas and consumer goods. Grocery costs rose to 8.6%, the biggest year-over-year increase since 1981, and gas prices increased 38% all within a 12 month period ending in February. (Photo by Michael M. Santiago/Getty Images)

Report: Inflation Rises 2.5% In August, Lowering Hopes For Big Rate Cut From Fed

Inflation rose once again in the month of August, causing stir from an outsize rate cut from the Federal Reserve when it meets next week.

HERCULES, CALIFORNIA - JUNE 07: A sign is posted in front of a Big Lots store on June 07, 2024 in Hercules, California. Discount retailer reported first quarter earnings that fell short of analyst expectations with net sales of $1.009 billion compared to $1.124 billion one year ago. (Photo by Justin Sullivan/Getty Images)

Big Lots Announces Filing For Chapter 11 Bankruptcy

Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.

TYSONS, VA - AUGUST 22: A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. According to reports, over 800,000 fewer jobs were created within the U.S. economy than originally reported in the 12-month period, 30% less than the previously reported 2.9 million from April 2023 through March, 2024. (Photo by Anna Rose Layden/Getty Images)

Report: Job Openings Fall To Lowest Level Since Biden Took Presidency

Job openings across America spiraled down to their lowest level since the beginning of 2021, a very concerning notion that the labor market is cooling.

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. US Federal Reserve Chair Chair Jerome Powell said on August 23 that the "time has come" for the US to start cutting interest rates, adding that his "confidence has grown" that the battle against inflation is on track. "The time has come for policy to adjust," he said in a keynote speech at the Jackson Hole Economic Symposium in Wyoming, according to prepared remarks. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)

Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement

Wall Street’s stock indexes increased substantially on Friday, with the S&P 500 index climbing towards a record high, after Federal Reserve Chair Jerome Powell said “the time has come” to reduce interest rates.