Business and Finance News - 11.15.24

Author

Skool Projekt Staff
November 15, 2024

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Good Morning, Students!

 

Question of the day: How does the rise in core CPI, despite moderating inflation, affect the Fed's approach to interest rates and impact consumers and the economy?

 

The rise in core CPI, especially with higher housing costs, likely makes the Federal Reserve more careful about lowering interest rates. Even though overall inflation has slowed, core prices are still going up, which signals that some areas are still costly. This could lead the Fed to keep rates high for longer to control these prices. For consumers, rising costs of essentials like housing and only slight wage increases mean people have less spending power. As housing takes up more income, people may cut back on other spending, which affects businesses that rely on consumer purchases. Overall, high interest rates and essential costs could slow down the economy as both consumers and businesses adjust to a more expensive environment.

 

-Mr. Projekts

 

*Have a question? Submit it to [email protected].

 

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TOP STORIES

 

*Amazon (AMZN) - Amazon is a multinational technology and e-commerce company based in the United States, known for its vast online retail platform, cloud computing services through Amazon Web Services (AWS), digital streaming services, and artificial intelligence innovations.

 

*The Walt Disney Company (DIS) - The Walt Disney Company, commonly known as Disney, is a diversified multinational entertainment and media conglomerate that operates in media networks, parks and experiences, studio entertainment, and interactive media.

 

*The Walt Disney Company (DIS) - The Walt Disney Company, commonly known as Disney, is a diversified multinational entertainment and media conglomerate that operates in media networks, parks and experiences, studio entertainment, and interactive media.

*Reliance Industries (RELIANCE-IN)- Reliance Industries Limited is an Indian multinational conglomerate with diversified interests in energy, petrochemicals, natural gas, retail, telecommunications, and media.

 

*OpenAI - OpenAI is an artificial intelligence research organization and company with a mission to ensure that artificial general intelligence (AGI) benefits all of humanity.

 

*Producer Price Index (PPI) - The Producer Price Index (PPI) is a measure of the average change over time in the selling prices received by domestic producers for their output. It's a key economic indicator that helps gauge inflation at the wholesale level.

 

 

THE MARKETS

Here’s how the major indexes did yesterday:

Here’s how leading market ETFs did yesterday:

Here’s how The Magnificent Seven did yesterday:

Here’s how the major cryptocurrencies did yesterday:

Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices. 

 

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