Banking Turmoil Intensifies the Need for Better Fed Policymaking
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What Will It Take for the Fed to Lower Interest Rates?
Stubbornly high inflation has scrambled the central bank’s outlook. Wall Street is now shifting focus to Friday’s jobs report for clues on its next move.The New York Times - Business - Federal Reserve -
The Fed Is Eyeing the Job Market, but It’s Difficult to Read
Fed officials are watching labor trends as they contemplate when to cut rates. But different measures are telling different stories.The New York Times - Business -
The Fed Is Eyeing the Job Market, but It’s Difficult to Read
Fed officials are watching labor trends as they contemplate when to cut rates. But different measures are telling different stories.The New York Times - Top stories -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
HSBC Chief Executive Noel Quinnunexpectedly said he would retire, leaving the bank without a clear successor.
HSBC Chief Executive Noel Quinn unexpectedly said he would retire, leaving the bank without a clear successor.The Wall Street Journal - World -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - Business - United Kingdom -
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.CNBC - Business - Joe Biden -
Kenya floods: tourists evacuated from Maasai Mara after river bursts banks
Kenya Red Cross rescues more than 90 people from hotels and lodges as heavy rainfall continues. Scores of tourists have been evacuated by air from Kenya’s Maasai Mara national reserve after more than a dozen hotels, lodges and camps were flooded ...The Guardian - World -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recoveryABC News - World -
NHL players are refining the art of the bank shot via ricochet off the masks of the goaltenders
A few goals in the first round of NHL playoffs have been scored with the puck banking in off the goaltender's maskABC News - Sports -
95% of couples say they trust each other when it comes to retirement — but many have secret bank accounts and mounting anxiety
Most couples say they share retirement goals and values, but a closer look often reveals significant differences.MarketWatch - Business -
This fiery economist became Argentina's president railing against politicians. Now he's wooing them
Argentina’s lower house has voted to approve a dramatically downsized version of President Javier Milei’s economic overhaul package, known as the omnibus billABC News - World -
Former MVP Mike Trout needs surgery on torn meniscus. The Angels hope he can return this season
Los Angeles Angels star Mike Trout will have surgery to repair a torn meniscus in his left knee, sidelining the three-time AL MVP indefinitelyABC News - Sports -
Women behind the lens: ‘When your sister does your hair, you don’t need a mirror’
Photographer Darlyne Komukama and her friends set up a roving hair salon for Black women to ‘convene, connect and converse’. This photo was taken as part of an art project called the Salooni that I created with three other Ugandan women: Kampire ...The Guardian - World -
From Colombia to Syria justice is possible for survivors of sexual violence in war – but we need the right ‘ecosystem’ | Clara Sandoval
For the first time Ukraine had the right conditions to make reparations to those subjected to crimes such as rape and sexual slavery. What would it take to replicate this globally?. Across the world, women and girls continue to be plagued by gross ...The Guardian - World -
Trump grumbled he needed more support at trial. Now his allies are showing up.
In the first two weeks of his hush money criminal trial, Trump grew frustrated, convinced his supporters could be doing more to help him.NBC News - Top stories - Donald Trump -
Trump grumbled he needed more support at trial. Now his allies are showing up.
In the first two weeks of his hush money criminal trial, Trump grew frustrated, convinced his supporters could be doing more to help him.NBC News - Politics - Donald Trump -
Kristi Noem calls dog shooting report ‘fake news’ but insists on need to kill animal
‘Dog lover’ South Dakota governor said 14-month-old hound was ‘extremely dangerous’ but failed to mention slowly killing a goat. Kristi Noem, the governor of South Dakota whose chance of being Donald Trump’s presidential running mate was widely ...The Guardian - World -
The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know
The U.S. Department of Education recently said that it will soon transfer some student loan borrowers to different servicers. Here's what you need to know.CNBC - Business -
Why the Senate GOP is downplaying the chances of a red wave
Republicans have a shot at more than a half-dozen Senate seats, but they're purposefully tempering expectations after failures in 2020 and 2022.Politico - Politics -
Greene's bid to topple Johnson veers closer to backfiring
The Georgia Republican now has to make a choice: Either don't call the ouster vote, or force one and watch it fail. Both options risk hurting her politically.Politico - Politics -
Falcons need Michael Penix Jr. to match this Aaron Rodgers accomplishment if they want draft gamble to pay off
Why the Falcons better hope that Michael Penix Jr. can turn into Aaron RodgersCBS Sports - Sports -
Greene's bid to topple Johnson veers closer to backfiring
The Georgia Republican now has to make a choice: Either don't call the ouster vote, or force one and watch it fail. Both options risk hurting her politically.Politico - Politics -
Top Senate Republican predicts Congress will likely need short-term FAA extension
Politico - Politics -
The S&P 500 extended its recent slide after the central bank's outlook, falling 0.3% and matching the Nasdaq's session decline. The Dow rose 0.2%.
The S&P 500 extended its recent slide after the central bank’s outlook, falling 0.3% and matching the Nasdaq’s session decline. The Dow rose 0.2%.The Wall Street Journal - World -
Here's everything to expect from the Fed meeting that will move markets on Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.CNBC - Business - Federal Reserve -
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.The New York Times - Business - Federal Reserve -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Treasury yields end at lowest levels in at least a week after Fed’s Powell sees unlikely chance of a rate hike
Yields on U.S. government debt finished at their lowest levels in a week or more on Wednesday, after Federal Reserve Chair Jerome Powell delivered comments seen as more dovish comments than what was implied by the central bank’s own policy statement.MarketWatch - Business -
The Fed Tries to Steer Clear of Politics, but an Election Year Is Making It Tough
Economists are wondering whether political developments could play into both the Fed’s near-term decisions and its long-term independence.The New York Times - Business -
The Fed rate decision meeting is today. Here are the odds of a cut.
Inflation-weary consumers have also been slammed by high borrowing costs. Here's what economists expect the Fed to announce.CBS News - Top stories - Federal Reserve -
Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.ABC News - Top stories - Federal Reserve -
The Fed Tries to Steer Clear of Politics, but Election Year Is Making It Tough
Economists are wondering whether political developments could play into both the Fed’s near-term decisions and its long-term independence.The New York Times - Top stories -
What Fed Rate Moves Mean for Mortgages, Credit Cards and Student Loans
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.The New York Times - Business - Federal Reserve -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Fed keeps rates steady as it notes 'lack of further progress' on inflation
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.CNBC - Business - Federal Reserve -
Fed holds off on rate cuts after 'lack of further progress' on inflation
The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up and the labor market remains strong, likely pushing potential rate cuts even later into the year. Interest rates will remain at a range of 5.25 to 5.5 ...The Hill - Politics - Federal Reserve -
Fed chair Jerome Powell: No sign of stagflation in U.S. economy
Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high and some signs of slowing growth have started to emerge.NBC News - Top stories - Federal Reserve