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Fed cuts key rate for first time in 4 years

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www.youtube.com – 11Alive – 2024-09-19 11:40:37

SUMMARY: Loan affordability has improved following a Federal Reserve interest rate cut of half a percentage point, marking the first reduction in four years. This cut, driven by favorable inflation trends, enables cheaper car loans, home loans, and business loans, as well as lower credit card rates. A Cobb County business owner expressed hope for further rate cuts to facilitate aspirations like home ownership and education. With variable rate loan holders likely seeing lower bills soon, economists anticipate more rate cuts may occur later this year, with the next Federal Reserve meeting scheduled for November.

The Federal Reserve cut the rate by a half-percent cut. It’s a result of improvements in inflation.

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News from the South - Georgia News Feed

Germans mourn the 5 killed and 200 injured in the apparent attack on a Christmas market

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www.wsav.com – KIRSTEN GRIESHABER, GEIR MOULSON and VANESSA GERA, Associated Press – 2024-12-21 12:13:00

SUMMARY: On Friday evening in Magdeburg, Germany, a doctor drove his BMW into a crowded Christmas market, killing five people, including a child, and injuring 200 others. The driver, a 50-year-old Saudi immigrant, surrendered and is under investigation for murder and attempted murder. Authorities are exploring potential motives, including his dissatisfaction with Saudi refugees’ treatment in Germany. The attack, which shocked the nation, led to heightened security at other Christmas markets. The violence evoked memories of the 2016 Berlin attack. A memorial service was held in Magdeburg, and flags were lowered nationwide in tribute.

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News from the South - Georgia News Feed

Local doctors warn you about the flu and common cold this holiday season

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www.wjbf.com – Bria Smith – 2024-12-20 17:44:00

SUMMARY: As the holiday season approaches, health experts urge caution to prevent germ transmission during gatherings. Dr. Hetal Thakore advises that individuals with respiratory issues should avoid close contact with others. Host activities should include routine sanitization of surfaces, as the holidays increase the risk of flu and other viruses. While many illnesses stem from the common cold, Dr. Thakore notes that flu vaccines vary in effectiveness due to viral mutations. Seek medical attention if experiencing severe symptoms like high fever or difficulty breathing. Mild symptoms like congestion warrant staying home to minimize contagion.

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Holiday traffic could eclipse records | Georgia

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www.thecentersquare.com – By Kim Jarrett | The Center Square – 2024-12-20 15:17:00

SUMMARY: AAA forecasts a record 108,677 more travelers this year in Georgia, with 3.7 million expected to journey over 50 miles, primarily by car. Factors influencing travel include colder weather reducing gas demand and a shift to online holiday shopping. Current gas prices in Georgia are stable at $2.92 per gallon, slightly lower than last year’s $3. Nearby states generally offer cheaper gas, with Tennessee at around $2.72. Lane closures on major highways will be suspended from Monday until January 5. Hartsfield-Jackson International Airport anticipates a busy Christmas Day, expecting 327,724 travelers.

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