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Federal Reserve could possibly drop interest rates

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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.

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News from the South - Tennessee News Feed

Tennessee among 5 states with most deaths from house fires

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www.wkrn.com – Colleen Guerry – 2024-12-22 09:00:00

SUMMARY: During the holidays, there is a 50% increased risk of house fires, often due to overloaded sockets, unattended candles, and cooking mishaps. An analysis by Anidjar & Levine highlighted that Alaska has the highest fire death rate, followed by North Dakota and Wyoming. Factors include harsh climates and outdated infrastructure. Tennessee ranks fourth, with cooking fires prevalent during family gatherings. The holiday season, while festive, poses significant fire hazards; thus, safety measures such as checking smoke alarms and cautious decorating are crucial. The U.S. Fire Administration emphasizes avoiding candle risks and ensuring safe distances for decorations and heating sources.

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News from the South - Tennessee News Feed

Couple attacked, carjacked after pulling over for medical emergency, MPD says

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www.youtube.com – FOX13 Memphis – 2024-12-21 13:21:51

SUMMARY: A couple experiencing a medical emergency was targeted by a man who robbed them while they sought help. The incident occurred near a church where the pastor, believing in the spirit of the Good Samaritan, checked on the couple and called 911 before returning to his church. Surveillance footage shows the suspect, dressed in red, pretending to assist while actually stealing their truck. The victims attempted to stop him but were pushed to the ground in the process. An update on one victim, who is in ICU, will be provided, along with the pastor’s perspective on the disturbing event.

A bad Samaritan is wanted by Memphis Police after he offered to help a couple in need but instead drive off in their truck.

Now, one of the victims is fighting for her life.

MORE: https://www.fox13memphis.com/news/couple-attacked-carjacked-after-pulling-over-for-medical-emergency-mpd-says/article_28445678-bef6-11ef-969d-9b07ab0507bd.html

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News from the South - Tennessee News Feed

Overdoses plague a generation of Black men in Baltimore and cities across America – The Tennessee Tribune

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tntribune.com – Josh Katz and Margot Sanger Katz and Nick Thieme – 2024-12-21 07:53:00

SUMMARY: An investigation reveals that older Black men, particularly those aged 54-73, are dying from drug overdoses at a rate more than four times higher than other racial groups in cities like Baltimore, Chicago, and Philadelphia. This group, born between 1951-1970, has faced decades of opioid use, compounded by social, economic, and criminal justice challenges. Although the opioid crisis has spread to younger and whiter populations, older Black men continue to be disproportionately affected by fentanyl overdoses. Lack of targeted healthcare resources and stigma around addiction have exacerbated this issue, leaving many without effective treatment and support.

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