Tropical Storm Helene Claims 22 Lives in Southeast; Inflation Declines as Tepper Calls for Fed Rate Cuts

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September 27, 2024 Good Evening, it is Friday September 27th, and we're covering Tropical Storm Helene Claims 22 Lives in Southeast; Inflation Declines as Tepper Calls for Fed Rate Cuts, and some big investing tips & much more!! First time reading? American Fact of the Day! Did you know that the United States has no official language at the federal level? While English is the most commonly spoken language and is used in government, there's no law designating it as the official language! Breaking Updates Tropical Storm Helene live updates: At least 22 dead as storm churns over Southeast Helene has weakened to a tropical storm and is moving north across the Southeast, bringing strong winds and heavy rain in what the National Hurricane Center called "life-threatening" conditions  At 11 a.m. ET the storm was 3 miles south-west of Bryson City, North Carolina, with sustained winds of 45 mph.  The storm made landfall in Florida's Big Bend region as a Category 4 storm last night at 11:10 p.m. Emergency services are rescuing people trapped by fast-rising waters. Read More Here Inflation Continues to Decline, Beating Forecasts A measure of inflation followed closely by the Federal Reserve rose slightly in August but declined more than expected on an annual basis, boosting confidence in the Fed's plan to lower interest rates, the Bureau of Economic Analysis said on Friday. The personal consumption expenditures price index rose 0.1% for the month and at an annual rate of 2.2%, lower than the 2.3% estimate, and down from July's 2.5% rate. The core index, excluding energy and food costs, also rose 0.1% for the month, although the annual rate edged up slightly to 2.7% from 2.6% a month ago. Much of the improvement in August came as energy costs declined by 0.8%. Food prices continued to moderate, rising by a modest 0.1%. Read More Here American Sports & Culture App State game vs. Liberty off due to Helene Appalachian State has canceled its home football game scheduled for Saturday against Liberty due to damage caused by Hurricane Helene. Dodgers win West, but Freeman exits with injury The Dodgers beat the Padres 7-2 to clinch the NL West on Thursday night, but Freddie Freeman left the game with an ankle injury in the seventh inning. 'The Last of Us' Season 2 Releases Intense, Ominous Teaser Trailer The second season of the acclaimed drama series starring Bella Ramsey and Pedro Pascal returns in 2025, and also released three posters. American Business & Markets David Tepper says the Fed has to cut rates at least two or three more times to keep credibility Appaloosa Management's David Tepper said the macro setup for U.S. stocks makes him nervous as the Fed eases policy in a good economy like it did in the 1990s. Swiss central bank cuts rates by a quarter point in third trim this year It was the first major Western central bank to reduce interest rates back in March. Ray Dalio says the Fed has a tough balancing act as the economy faces 'enormous amount of debt' On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy.   Update your email preferences or unsubscribe here © 2024 Keeping Up With America 19354 Watermark Drive, Suite 202 Cornelius, NC 28031, United States Terms of Service