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BIZARRE: 43 - What They Never Told You

Why is the Reserve Bank independent from government, and why does it matter?

Negotiations over reforms to the Reserve Bank of Australia this week took an unprecedented turn when the Greens demanded the government use its reserve powers to immediately cut interest rates.

The Conversation

Top Fed official calls for further interest rate cuts, focus on labor market

Minnesota Fed president Neel Kashkari says policy “remains tight” and further rate cuts would depend on the state of the labor market.

Fortune

Experts Say You Should Move Out of These Cities Immediately, If You Haven't Already: Study

Cities were rated on factors including annual crime rates, air quality, unemployment, cost of living and Google searches for "moving out."

Latin Times

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US Jobless Claims Drop To Four-Month Low, Indicating Job Market Recovery

Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.

International Business Times

Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data

“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.

Fortune

Impact of US rate cut in Australia remains to be seen

Senior minister Bill Shorten says it's unclear how much of an impact the US Federal Reserve's interest rates cut will have on Australia's economy.

AAP

US Unemployment Claims Hit Four-Month Low

Latest Labor Department report shows positive trend in U.S. job market with decrease in jobless claims and increase in individuals receiving jobless benefits.

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Weekly applications for US jobless benefits fall to the lowest level in 4 months

The number of Americans applying for unemployment benefits fell to their lowest level in four months last week

The Independent UK

California Dems And Republicans Poised To Clash Again Over Bill That Provides Benefits To Illegal Migrants

A new bill aimed at providing unemployment benefits to undocumented immigrants has been met with strong opposition from Republican lawmakers.

International Business Times

California Dems and Republicans poised to clash again over bill that provides benefits to illegal immigrants

A new bill aimed at providing unemployment benefits to undocumented immigrants has been met with strong opposition from Republican lawmakers

Latin Times

Unemployment of 4.2% is a sign of RBA success, but it might not last. Here’s why

Today’s news that an extra 47,500 Australians found work in August while the unemployment rate held steady at 4.2% is a sign of success for both the government and Reserve Bank.

The Conversation

Australia’s unemployment rate unchanged at 4.2%, dampening hope of RBA interest rate cut

ABS figures show employers added 47,500 positions last month, above forecasts

The Guardian - AU

Fed slashes rates by a half-point – what that means for the economy and the presidential election

In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.

The Conversation

Federal Reserve Chair Powell Addresses Labor Market Concerns

Federal Reserve Chair Jerome Powell discusses Fed's rate cut decision based on unemployment concerns and strong US economy.

Top News

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Top News

Federal Reserve Cuts Rates Amid Concerns Over Rising Unemployment

The recent jumbo-sized rate cut by the Federal Reserve raises concerns about the US economy's health and rising unemployment.

Top News

US Unemployment Rate Expected To Reach 4.4% By Year-End

US unemployment rate rises to 4.3% in July, inflation projected to moderate to 2.3% this year. Fed aims for 2% inflation rate by 2026.

The Independent UK

The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Al Jazeera

Fact check: Was Kamala Harris truthful in interview with Black journalists?

Harris spoke about the disadvantages Black Americans grapple with, and her opponent Donald Trump. We verify her claims.

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The Guardian - US

What will a Federal Reserve interest rate cut mean for you?

The Fed has announced an interest-rate cut for the first time in four years – what effect will it have on consumers?

Latin Times

New study reveals which political party has historically benefited Blacks and Latinos the most

Researches looked into income data from the past 75 years, covering 36 years under Democratic presidents and 39 under Republicans

Roll Call

On Black vote, Harris won’t assume 'I’m going to have it because I’m Black’ - Roll Call

Democratic presidential nominee Kamala Harris touted her proposals to help Black voters, but offered no new ideas for the Israel-Hamas war.

Latin Times

Hundreds make calls in California to support bill expanding unemployment benefits to undocumented immigrants

SB 227 would provide $300 a week for up to 20 weeks to those who are fired from their jobs across 2025

International Business Times

Young Equatorial Guineans Yearn For The American Dream

Tiny but oil-rich Equatorial Guinea long escaped the youth exodus plaguing other African nations, but a decade of economic decline and rising unemployment has left many eager to leave.

Barchart

Rate Decision, Retail Sales and Other Key Things to Watch This Week

It looks like the Fed could be considering a hefty 50 basis point cut this week, and if that's the case we could see the market move.

TechRadar

Nevada plans to use Google AI to expedite unemployment benefits appeals

The Nevada employment department looks to cut time in its review process by using AI.

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