_european-central-bank-expected-to-cut-interest-rates-weakening-currency-and-diverging-from-the-federal-reserve.jpg "European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve from bbw inflation sound Video Screenshot Preview")
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✓ Published: 04-Jun-2024
👁 View: 13.1M times
✓ Published: 04-Jun-2024
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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
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_advocates-warn-extreme-heat-could-drive-home-cooling-costs-to-decade-high.webp "Advocates Warn Extreme Heat , Could Drive Home Cooling , Costs to Decade High.<br/>NBC reports that the average cost of keeping a home <br/>in the United States cool from June to September is <br/>set to hit $719 in 2024, according to new projections.<br/>Advocates for low-income households found <br/>that those annual costs for cooling a home in <br/>the summer are about 8% higher than in 2023.<br/>Back in 2021, the average cost <br/>to cool a home was down at <br/>an average of $573 annually.<br/>According to organizations that distribute federal financial <br/>support, an estimated one million fewer families <br/>will be able to receive assistance paying their energy bills. .<br/>This loss of assistance comes partly as the result of government <br/>funding for the Low Income Home Energy Assistance Program <br/>(LIHEAP) dropping to $4.1 billion, down from $6.1 billion in 2023.<br/>It’s inflation in the sense that you <br/>have to spend more to cool your <br/>house, but you’re using more of it, Mark Wolfe, Executive director of the National Energy <br/>Assistance Directors Association (NEADA), via NBC.<br/>So you can’t blame <br/>the price. This is more <br/>the price of climate change, Mark Wolfe, Executive director of the National Energy <br/>Assistance Directors Association (NEADA), via NBC.<br/>The National Oceanic and Atmospheric Administration <br/>has warned that 2024 is expected to rank among <br/>the top five hottest years on record. .<br/>According to the National Energy Assistance Directors <br/>Association (NEADA) report, many households face the <br/>risk of debt or potential utility shut-offs for nonpayment.<br/>These estimates could, in fact, <br/>understate the final costs of home <br/>cooling this summer if temperatures <br/>continue to reach record levels, National Energy Assistance Directors <br/>Association (NEADA) report, via NBC")
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