📈 Stocks / Finance

How Home Equity Lines of Credit Help Americans Tackle Debt

Yahoo Finance

Many Americans are using home equity lines of credit (HELOCs) to consolidate debt. HELOC use has risen as consumers juggle record home equity—$315,000 on average—with growing debts, such as $1.14 trillion in credit card debt. While HELOCs offer lower interest rates, they come with risks like home seizure if borrowers default.

Gold Price Rises Amid Middle East Tensions and Expected Fed Rate Cuts

FX Street

The price of gold rose to $2,665 due to escalating tensions in the Middle East and expected US Fed rate cuts. Israel's conflict with Hezbollah, following an airstrike, has increased demand for gold as a safe investment. Investors are now waiting for Chinese PMI data, which may affect future gold prices.

Consumer Confidence Falls as Job Worries Grow

Yahoo Finance

In September, consumer confidence dropped to 98.7, marking its largest decline since 2021. The labor market has weakened, with unemployment rising to 4.2%, and fewer job openings than earlier in the year. Despite Federal Reserve actions to stabilize the economy, 18.3% of consumers now feel jobs are "hard to get," up from 16.8% in August.

🪙 Crypto

Can BNB Rebound Stronger Against Bitcoin?

Coin Telegraph

BNB has been in a large trading range like Bitcoin for months, showing market indecision. While some expect BNB to rally, it's struggling near resistance at 0.010 BTC, with selling pressure below key levels. A breakout above 0.010 BTC could push the price to 0.012 BTC, but if it fails, BNB may drop further in its range.

🌎 Global Economy

Inflation Eases as Fed's Key Gauge Falls to 2.2% in August

CNBC

Inflation slowed in August, with the PCE price index rising just 0.1%, bringing the 12-month inflation rate to 2.2%, the lowest since February 2021. Core inflation, excluding food and energy, also rose by 0.1%, bringing the yearly increase to 2.7%. These lower-than-expected figures may pave the way for future interest rate cuts as the Federal Reserve shifts focus to supporting the job market.

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