Augusta Saraiva
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Wall Street Rebounds: Dow Surges 1.6%, S&P and Nasdaq Gain as Economy Improves and Earnings Exceed Expectations
Broke On: Friday, 26 July 2024Wall Street rallied on July 26, 2024, with all major indexes surging due to optimistic earnings reports and encouraging economic signals. The Dow Jones Industrial Average gained over 650 points, while the S&P 500 and Nasdaq composite index registered gains of around 1%. Analysts attributed this bounce-back to low unemployment, rising wages, decelerating inflation rates, and potential Fed rate cuts in September. Leading the positive results were manufacturers like 3M and telecommunications companies such as Charter Communications. The broader market rally now cuts across industries as investors seek opportunities beyond tech stocks. Core Inflation Slows Down: PCE Index Shows Prices Rise at Softest Pace in Six Months
Broke On: Friday, 28 June 2024The Federal Reserve's preferred inflation measure, core PCE index, decelerated in May with a 0.1% increase from the prior month and a 2.6% yearly rise. Household spending rebounded while personal income reached $23.9 trillion, second only to March 2021 stimulus payments. Despite this, traders predict a 59.5% chance of a September rate cut due to slowing inflation and solid income growth. 
Retail Sales Surge Unexpectedly by 0.7% in March Amidst Rising Inflation: Online Sales and Service Stations Drive Growth
Broke On: Monday, 15 April 2024Retail sales defied expectations with a 0.7% increase in March, driven by online sales and service stations, despite rising inflation at a 3.5% annual rate. The unexpected surge may influence the Federal Reserve's decision on interest rates. 275,000 Jobs Added in February 2024: America's Job Market Continues to Grow Despite High Interest Rates and Unhappiness Among Americans
Broke On: Friday, 29 March 2024In February 2024, America's employers added 275,000 jobs marking an increase from a revised gain of 229,000 jobs in January. Despite sharply lower inflation and a healthy job market, many Americans are unhappy with the state of the economy. 
US Consumer Price Index Surprises with 3.2% Year-Over-Year Increase in February, Core Rate Disappoints at 3.8%
Broke On: Tuesday, 12 March 2024The US Consumer Price Index (CPI) rose faster than expected in February, with the year-over-year pace up to 3.2% versus estimates for 3.1%. The core rate, which strips out food and energy costs, dipped a bit but also disappointed to the upside at 3.8%, against expectations of 3.7% and January's 3.9%. On a monthly basis, the CPI rose by 0.4%, in line with estimates and up from January's rate of 0.3%. The core CPI also rose by the same amount, ahead of expectations for a flat reading. 275,000 Jobs Added in February Despite Unemployment Rate Increase and Slower Wage Gains
Broke On: Friday, 08 March 2024The US economy added 275,000 jobs in February despite an increase in the unemployment rate and slower wage gains. Healthcare and government employment sectors saw significant job growth while labor force participation remained flat. US Mortgage Rates See Sixth Consecutive Week of Decline
Broke On: Thursday, 07 December 2023Mortgage interest rates have declined for the sixth consecutive week, reaching their lowest levels since August. The decrease in rates has spurred an increase in mortgage applications and refinancing activity. Experts predict that changing economic conditions could help stabilize mortgage rates in 2024.