Economists Think Fed Will Keep Raising Rates Despite Bank Turmoil
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Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
Putin replaces defense minister with economist
Yahoo News - World -
Putin appoints economist as defense minister amid concerns about weapons & resources
Russian President Vladimir Putin has unexpectedly replaced his Defense Minister Sergei Shoigu on Sunday. Former U.S. Ambassador to Ukraine Bill Taylor explains what may be behind the reshuffle amid fierce fighting in Kharkiv.NBC News - Politics -
How the Fed’s quest for transparency made markets more volatile
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.CNBC - Business -
Safra private bank assembles new dealmaking team for ultra-rich clients
J Safra Sarasin taps BoA and Goldman Sachs as it looks to expand into advising on M&A and equity capital raisesFinancial Times - Business -
Right-wing Israelis block aid to Gaza coming from the West Bank
Yahoo News - World - Israel -
Banks breaks from the Senate GOP's well-heeled candidate trend
Politico - Politics -
Genius or madness? Why Putin wants an economist to be Russia's new defense minister at a key point in the war
Analysts take a look at what economist Andrei Belousov can bring to the Russian defense ministry.CNBC - Business - Russia -
50 Cent trolls Diddy's son King Combs for diss track that refers to feds' raids of homes
After Diddy's son Christian 'King' Combs name-checked 50 Cent on a diss track, he roasted the young Combs and rehashed allegations against him and his father.Los Angeles Times - Entertainment -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - World -
Uber Swings to Loss Despite Rising Revenue
The ride-hailing company’s bottom line, which had at last turned positive last year, was hit by investments and legal settlements.The Wall Street Journal - Tech -
Baseball Catchers Keep Getting Whacked By Hitters. It's No Accident.
In a bid to convince umpires that low pitches are actually strikes, catchers have been inching nearer to the batter. They’re now setting up so close that they frequently wind up getting clobbered.The Wall Street Journal - World -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Top stories -
UK wage growth stays high despite hiring slowdown
Rise of 5.7% in three months to March expected to reinforce divisions among rate-setters at the Bank of EnglandFinancial Times - Business - United Kingdom -
Manchester United failed to fix Old Trafford roof despite knowledge of leaks
Club claims huge volume of rain caused issue after Arsenal gameUnited have examined feasibility of replacing Stretford End roofManchester United failed to fix a hole in the Old Trafford roof despite being aware that it was prone to sporadic leaks, ...The Guardian - World - Premier League -
Putin’s trip to China may show US threats are wishful thinking
They will privately brainstorm options for a sanctions-proof infrastructure before quietly implementing themFinancial Times - Business - China -
‘Magical thinking’: hopes for sustainable jet fuel not realistic, report finds
IPS report says replacement fuels well off track to replace kerosene within timeframe needed to avert climate disaster. Hopes that replacement fuels for airplanes will slash carbon pollution are misguided and support for these alternatives could ...The Guardian - World