News from the South - Tennessee News Feed

Federal Reserve could possibly drop interest rates

Published

2 months ago

September 16, 2024

www.youtube.com – WBIR Channel 10 – 2024-09-16 16:32:32

SUMMARY: The Federal Reserve is expected to lower interest rates this week, potentially by 0.25% to 0.50%. Experts emphasize the importance of a “soft landing,” where inflation is curbed without harming the economy. Lower rates could reduce the burden of interest payments on mortgages, auto loans, and credit card debt, benefiting both current borrowers and prospective homebuyers by making payments more affordable. However, there’s a cautionary note about waiting for rates to drop, as it may lead to increased home prices due to supply and demand shifts. This presents an opportunity for small businesses to expand with lower borrowing costs.

The federal interest rate has not been lowered since the pandemic but the Federal Reserve will decide during a two-day meeting if they will lower interest rates.

Source

Post Views: 84

Related Topics:Economy inflation lead News From The South opportunity presents Tennessee News Feed week

Up Next

At least 50 WeGo bus shelters vandalized in the span of 3 weeks

Don't Miss

MCSO: Third suspect arrested after home invasion in McMinn Co.; fourth man remains at large

News from the South - Tennessee News Feed

Nashville police arrest two suspects wanted out of Memphis

Published

10 hours ago

November 2, 2024

Staff Editor

www.youtube.com – WKRN News 2 – 2024-11-02 05:14:52

SUMMARY: Metro Police arrested two fugitives, 23-year-old Cayman Carwell and 20-year-old Marvin Roper, wanted out of Memphis for multiple serious charges. Following hours of surveillance at a short-term rental in Donaldson, officials confirmed the suspects’ presence inside the property on Fitzgerald Drive. Carwell surrendered to police, while Roper was located hiding in the attic. Carwell faces charges including attempted murder and aggravated assault, while Roper is wanted for offenses such as evading arrest and vehicle burglary. Both are currently being held without bond at the Davidson County Jail.

The Metro Nashville Police Department apprehended two suspects wanted out of Memphis on Friday.

Source

Post Views: 10

News from the South - Tennessee News Feed

10Sports Blitz: West beats Powell 30-18 for region crown

Published

16 hours ago

November 1, 2024

Staff Editor

www.youtube.com – WBIR Channel 10 – 2024-11-01 23:24:51

SUMMARY: In the final week of the high school football regular season, West clinched the 5A region title with a 30-18 victory over Powell. The game was closely contested, with Powell cutting an eight-point deficit to two in the third quarter, but West’s defense held strong, preventing the Panthers from scoring on multiple occasions. Quarterback Duce Rogers’ efforts kept Powell competitive, but West’s Marel Patterson sealed the game with a 65-yard touchdown. This win marks West’s fifth consecutive region title, setting the stage for their upcoming playoff match against David Crockett. The rivalry, intense with stakes high, showcased both teams’ talents.

Powell hosted West Friday night, in the 11th week of high school football.

Source

Post Views: 9

News from the South - Tennessee News Feed

Former Kentucky police officer convicted on federal charges

Published

17 hours ago

November 1, 2024

Staff Editor

www.youtube.com – WKRN News 2 – 2024-11-01 22:23:50

SUMMARY: Former Kentucky police officer Brett Hinson has been convicted on federal charges for using excessive force during a botched 2020 drug raid that resulted in the death of Breonna Taylor in her Louisville apartment. Hinson, 48, fired 10 shots into Taylor’s door and windows, although he did not hit anyone. His defense claimed he acted to protect fellow officers after Taylor’s boyfriend fired at them. The jury’s emotional response was noted as this marks the first conviction of a Louisville officer linked to the deadly raid. Hinson faces a maximum sentence of life in prison.