US inflation data showed mixed signals in August, with the overall Personal Consumption Expenditures (PCE) price index rising 0.3% month-on-month and 3.4% year-on-year. The 0.3% monthly rise in overall PCE inflation was below economists’ expectations. In July, the overall PCE measure had increased 0.1% from the previous month. US PCE inflation rises 0.3% in August … Read more
The US Federal Reserve has raised interest rates by 0.25 percentage point, taking its benchmark federal funds rate to 3.75%-4%. The move is aimed at slowing inflation by making borrowing more expensive and reducing spending. US Fed rate hike raises borrowing costs as cell phone and utility bills also increase. (Pexel) The rate hike is … Read more
Colorado politician Joe Anderson suddenly collapsed on Colorado hike and died shortly thereafter. (Photo: Instagram @nypost) Englewood Mayor Pro Tem Joe Anderson lost his consciousness and was not breathing while hiking on the lower slopes of Quandary Peak in Summit County, according to local authorities. Sheriff’s deputies were called at about 6.40am after other hikers … Read more
Teerth Shah and Advik Yadav recount their hiking experience during which they had to call 911. Four Indian-origin teenagers from New Jersey, Jainam Bhavsar, Purva Jayani, Tirth Shah and Advik Yadav, set out on an evening hike in New Hampshire, which proved to be costly for them. Though they were all safe and back home … Read more