Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday. The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on … Read more
Inflation continued to cool in October. The Personal Consumption Expenditures (PCE) Index grew 3% year over year for the month, down from 3.4% in September and with expectations. “Core” PCE, which excludes the volatile food and energy categories, grew 3.5%, down from 3.7% from the month prior and in line with what economists surveyed by … Read more
Cleveland Federal Reserve President Loretta Mester said Thursday that this week’s news showing lower levels of inflation isn’t enough to convince her that the central bank has won its battle against higher prices. “We’re making progress on inflation, discernible progress. We need to see more of that,” Mester told CNBC’s Steve Liesman during an interview … Read more
Thu, 09 November 2023 at 10:04 pm Two spinoff series at ABC have met their fate on the network. The Rookie: Feds and The Good Lawyer were both first introduced on their respective flagship shows, The Rookie and The Good Doctor. While Feds aired one season so far, The Good Lawyer only had a backdoor … Read more
A Boston Police SUV. David L. Ryan | Boston Globe | Getty Images A network of “sophisticated” high-end brothels in greater Boston and eastern Virginia provided sex for pay to “elected officials, high tech and pharmaceutical executives, doctors, military officers, government contractors that possess security clearances, professors,” and others, federal prosecutors said Wednesday. Three people … Read more
The Federal Reserve voted Nov. 1 to again hold the benchmark interest rate steady. It’s the second time in a row that the Fed has voted against increasing the federal interest rate, since it began its aggressive strategy in March 2022 to get inflation under control. Though this may offer a small respite in credit … Read more
Tesla has the attention of the U.S. Department of Justice — again. Tesla has received requests for information, including subpoenas from the DOJ, the automaker disclosed Monday in a U.S. Securities and Exchange Commission filing. The DOJ issued subpoenas related to perks, the advertised range of its EVs and personnel decisions, according to the filing. … Read more
Federal Reserve Governor Christopher Waller on Wednesday indicated the central bank can afford to hold off on interest rate increases while it watches progress unfold in its efforts to bring down inflation. With the Fed set to meet again in two weeks, Waller said he is weighing recent data points against each other to see … Read more
A TikTok-famous small-town police chief traded incest videos via a secret Twitter account discovered during a search of his home office, according to a newly unsealed federal complaint reviewed by The Daily Beast. Joel Justice Womochil, 38, went by “@ictbaddad” on the social media platform now known as X, with a profile picture of “Pedobear”—which … Read more
Hey, pretty folks — it’s that point of week once more: Week in Assessment (WiR) time. For these unfamiliar, WiR is TechCrunch’s common publication that recaps the foremost occasions in tech over the previous few days. If you happen to’ve been too busy to maintain tabs on latest happenings, don’t panic. WiR is right here … Read more