NTD News Today Full Broadcast (Oct. 31)

Published on October 31, 2024

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Fed Inches Closer to 2 Percent Inflation Target in September PCE Report

October 31, 2024
The personal consumption expenditure (PCE) price index—the Federal Reserve’s preferred inflation gauge—continued to slow in September as the central bank inched closer to reaching its 2 percent inflation target.The annual PCE inflation rate eased to 2.1 percent last month, down from 2.3 percent in August, according to the Bureau of Economic Analysis (BEA). This was the lowest since February 2021.

Canada Faces Worsening Home Ownership Crisis With Stalled Condo Sales

October 31, 2024
OTTAWA—Canada’s home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters.The sale of these proposed projects, comprising an array of one- or two-bedroom condominiums in major hubs like Toronto, is commonly called pre-construction sa