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U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll newsthirst.

Vithun Khamsong | Moment | Getty Images It is becoming harder for Americans to raise funds in case of an emergency, according to a recent survey from the New York Federal Reserve. The bank’s Survey of Consumer Expectations for February found that the average likelihood of Americans being able to come up with $2,000 within…

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Ex-Cleveland Fed President Mester sees fewer rate cuts after Trump win newsthirst.

Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that…

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Three teenagers arrested after alleged break-and-enter and sexual assault in Cairns | Queensland newsthirst.

Three teenagers accused of a “horrific” break-and-enter and sexual assault are in custody after police pulled off a dramatic arrest on a busy street. The teenagers are accused of breaking into a home in Cairns and threatening a couple with a knife early on Friday morning, before taking a woman into a separate room. Police…

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