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NatWest Group has become the latest high street bank to report lower profits, after earnings soared in 2023 on the back of higher interest rates. The group revealed an operating pre-tax profit of £1.3bn over the first three months of the year, down from £1.8bn the previous year.
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Up4Updates
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BiRaJ Ki BaAtEiN
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Key Federal Reserve Inflation Gauge , Rose 2.8% in March.<br/>According to Commerce Department <br/>data released on April 26.<br/>the personal consumption expenditures <br/>(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .<br/>That exceeded Dow Jones <br/>estimates of 2.7%, CNBC reports. .<br/>When also accounting for food and energy, the all-items PCE measure rose 2.7%, <br/>which was above the 2.6% estimate.<br/>Inflation reports released this morning <br/>were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>... but investors should not get <br/>overly anchored to the idea that <br/>inflation has been completely <br/>cured and the Fed will be cutting <br/>interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>The prospects of rate cuts remain, <br/>but they are not assured, and the <br/>Fed will likely need weakness in <br/>the labor market before they <br/>have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.<br/>Consumers continue to spend despite <br/>higher prices, CNBC reports.<br/>Personal spending increased 0.8% in March, while personal income rose 0.5%.<br/>The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.<br/>The Fed continues to target 2% inflation, which the core PCE has exceeded for <br/>the last three years, CNBC reports.
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Wise Money Show
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Daniel Braun
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From 2021 to 2022 seven top-rated home insurance companies in Florida have shut down, with 2024 expected to be one of the most active Atlantic hurricane seasons in history.All seven companies received an 'A' rating from Ohio based insurance rating firm Demotech, meaning they were considered financially solvent and high quality. A paper from Harvard Business School claims that Demotech is rating lower quality insurers more highly due to a lack of options in high risk areas. Demotech denies this.
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BeatTheBush
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Josh Tan - TheAstuteParent
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According to a new report from the CDC, the US birth rate is falling again after a brief rise following the pandemic. Veuer’s Matt Hoffman has the story.
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Debt Free Millennials
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The Table With AO
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