Powell hints at Fed path as inflation cools
Federal Reserve officials see inflation near target and job market cooling, signaling a likely rate cut next month with further moves depending on hiring. Powell’s Jackson Hole speech may indicate growing confidence in inflation returning to 2 percent, though a full declaration of victory remains unlikely. Analysts weigh labor versus inflation, noting July hiring disappointed and unemployment ticked higher, boosting recession fears.
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Wall Street slips as major indices fall on profit mood
U S stocks eased on Tuesday snapping an eight day winning streak as the S&P 500 fell 0 2 percent while the Dow and Nasdaq slipped. Nvidia led losses while Palo Alto Networks rose 7 2 percent on strong quarterly results. Analysts point to high rates and a cautious stance ahead of Powell speech with expectations for multiple Fed rate cuts later in the year. The week also sees a Jackson Hole gathering and a July CPI reading as investors weigh inflation trends.
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Optimism rises among small business owners in mid 2024 surveys
American Express and NFIB report upbeat mid year signs from small business leaders while inflation and labor costs pressure profitability. The AmEx survey of over 1,100 decision makers finds high creativity and growing confidence, and NFIB notes July optimism at 93.7 but well below the long term average.
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Amherst Schools chart bold path with facility plan and fresh funding
Amherst Schools pursue a long term budget plan showing a 2028 cash balance of 12.3 million while exploring 30 percent OFCC funded facility work. The district partners with Lorain County Mental Health Board to provide free student services and contracts James Knight for emotional and cultural intelligence training as part of a broader community focused plan.
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Vermilion zoning referendum tussle with charter amendment bid
Phillips defends certified receipts amid Reaser protest and threats claims. He seeks to amend Vermilion city charter to require voter approval for PUD zoning changes and warns of court action if the amendment is blocked. He argues residents deserve the right to vote and contrasts U S democracy with representative government.
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