Fed Governor Waller Says Inflation Softening Faster Than He Expected Put Him in Halfpointcut Camp
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A global bond sell-off is deepening as investors pare Fed rate-cut expectations
A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.CNBC - 14h -
Is the recent uptick in inflation cresting? Wholesale prices posts smaller-than expected increase.
Wholesale prices in the U.S. rose modestly in December in a reprieve from a string of elevated inflation in the final months of 2024 that have likely put off any further reductions soon in interest ...MarketWatch - 14h -
He Was Coaching Baseball. An Emergency Start Inspired Him to Play Again.
The former M.L.B. pitcher Tyler Ivey was thrust into action for a collegiate summer league team. It sparked his comeback.The New York Times - 1d -
Trump, Putin call expected soon, Waltz says
President-elect Trump and Russian President Vladimir Putin are expected to have a phone call in the coming days or weeks, Trump’s incoming national security adviser, Rep. Mike Waltz (R-Fla.), said ...The Hill - 1d -
India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.CNBC - 1d -
Debts on EY’s failed Project Everest took longer than expected to clear
Doomed spin-off plan still had $270mn outstanding at the end of the firm’s financial yearFinancial Times - 1d -
California fires could be costliest disaster in US history, says governor
Gavin Newsom accuses Donald Trump of spreading disinformation after president-elect calls emergency response ‘incompetent’Financial Times - 2d -
Boeing production in 2024 expected to be less than half of rival Airbus
US planemaker may have delivered 340 aircraft compared with 766 of European group, analysis suggests. Boeing is expected to confirm it made less than half of the aircraft of its rival Airbus in ...The Guardian - 2d -
Why wildfires are becoming faster and more furious
With the risk factors increasing, is it still safe to live in areas prone to these disasters - and can fireproofing ever work?BBC News - 3d -
Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...CBS News - 4d -
Consumer expectations for higher inflation soar in early January
Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.MarketWatch - 4d -
Carson Beck's high-profile lifestyle makes him an easy scapegoat, but Georgia's issues ran deeper than QB
Beck spent five years at Georgia and ends on awkward footingCBS Sports - 4d -
Biden says feds will cover 100% of fire response costs in California
"I told the governor and local officials, spare no expense," President Biden said, calling the damage "catastrophic."CBS News - 5d -
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.NBC News - 5d -
Fed Governor Bowman says December interest rate cut should be the last
Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.CNBC - 5d -
Fed braces for Trump inflation bump
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed frets about impact of Trump policies on inflation Central bank officials ...The Hill - 6d -
Fed officials are worried about the inflation impacts from Trump's policies, minutes show
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving ...NBC News - 6d -
10-year Treasury yield rises to highest since April as Fed notes upside risk to inflation
The benchmark yield topped 4.7%, after the latest Fed meeting minutes indicated greater concern over inflation.CNBC - 6d -
Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show
“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.MarketWatch - 6d -
Fed officials are worried about the inflation impacts from Trump's policies, minutes show
The Federal Reserve on Wednesday released minutes from its December meeting.CNBC - 6d -
Fed’s Waller sees cooler inflation despite higher forecasts
Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the central bank and growing expectations among investors ...The Hill - 6d -
Private sector companies added 122,000 jobs in December, less than expected, ADP says
Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.CNBC - 6d -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - 6d -
San Francisco 49ers rookie Ricky Pearsall says he forgives the teen who shot him
San Francisco 49ers wide receiver Ricky Pearsall said he forgives the teenager who shot and wounded him and hopes to talk to the teen someday.NBC News - Jan. 7 -
Derek Carr says he won't take a pay cut to remain with Saints: 'Especially with what I put on tape'
Questions remain about Carr's futureCBS Sports - Jan. 7 -
He plans to be sworn in as Venezuela’s president, and he hopes both Biden and Trump will help him
Edmundo González Urrutia is trying to bolster international support before Venezuelan strongman Nicolás Maduro is sworn in Friday.Politico - Jan. 7 -
Euro zone inflation rose to 2.4% in December, meeting expectations
Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.CNBC - Jan. 7 -
Former Fed Chair Bernanke Says Trump’s Policies May Not Push Inflation Back Up
While plans to impose tariffs, cut immigration and expand tax cuts have alarmed many economists, others say early, pessimistic analyses may be incorrect.Inc. - Jan. 6 -
Magic's Franz Wagner says his brother's injury was tougher on him than his own
Moe Wagner, Franz's Orlando teammate, tore his ACL on Dec. 21CBS Sports - Jan. 6 -
German inflation rises more than expected to 2.9% in December
German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said Monday.CNBC - Jan. 6 -
Johnson says he expects to pass most of Trump's agenda with 1 'big, beautiful bill' by Memorial Day
Speaker Mike Johnson (R-La.) said Sunday he expects to pass President-elect Trump’s agenda through one big reconciliation package before Memorial Day. In an interview on Fox News’s “Sunday Morning ...The Hill - Jan. 5 -
Trump policies will likely have ‘modest’ effect on inflation, Bernanke says
The economic policies outlined by the incoming Trump administration won’t cause a radical shift in inflation, former Federal Reserve Chairman Ben Bernanke said Saturday.MarketWatch - Jan. 5 -
McCaul says New Orleans attack reminds him of Boston Marathon bombing
Rep. Michael McCaul (R-Texas), the former Homeland Security Committee chair, said the recent terror attack in New Orleans reminds him of the 2013 Boston Marathon bombing. McCaul joined ABC’s “This ...The Hill - Jan. 5 -
'He doesn't get the love that he should': How Quinn Ewers put Texas back in the spotlight
Ewers, about to face former school Ohio State, wants to be the QB to deliver Texas' first national title since 2005.ESPN - Jan. 4 -
This investor imagined the landscape in 2035. He expects U.S. stocks to struggle.
It’s one thing to try to forecast a decade of returns, though many firms including JPMorgan and Vanguard regularly produce such forecasts.MarketWatch - Jan. 4 -
The Electron That Softened Her View on Marriage
Laurie Stone, a feminist and writer, has always believed that the institution of marriage “has not been a good thing for women.” Then she met Richard Toon.The New York Times - Jan. 3 -
Top Fed official warns of US inflation risk after Trump takes power
Tom Barkin’s comments come just weeks before the president-elect takes office with a vow to raise tariffsFinancial Times - Jan. 3 -
Judge in Trump hush money case expected to sentence him to 'unconditional discharge'
The judge in President-elect Donald Trump's New York criminal hush money case indicated Friday that he intends to sentence Trump to an "unconditional discharge."ABC News - Jan. 3 -
Mike Johnson says he expects House speaker vote to go "smoothly"
The new Republican-controlled Congress will be sworn in Friday as Mike Johnson hopes an endorsement from President-elect Donald Trump can keep him in the speaker's office. Daniella Diaz, ...CBS News - Jan. 2 -
UK house prices rise more than expected in December
Month-on-month increase of 0.7% takes average house price close to record highFinancial Times - Jan. 2