Latest in Top Fed official warns progress on taming US inflation ‘may be stalling’
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Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - 1d -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - 1d -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - 2h -
Fed Chair Powell Acknowledges Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - 16m -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - 1d -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - 1d -
US blasts countries that ‘stood in the way of progress to protect their profits’ over collapsed plastic talks
The White House criticized a group of oil-rich countries as well as corporations who make money from plastic production in a new statement after global talks for a treaty to reduce plastic waste ...The Hill - 1d -
Hospice leaders warn hundreds of beds out of use
A lack of funding and staff are blamed as hospices close beds permanently or take them out of use.BBC News - 12h -
England’s chief prosecutor warns lawyers’ pay may be adding to court delays
Head of Crown Prosecution Service Stephen Parkinson calls for reviewFinancial Times - 1d -
U.S. officials urge Americans to use encrypted apps amid cyberattack that exposed live phone calls
Amid an unprecedented cyberattack on telecommunications companies such as AT&T and Verizon, U.S. officials have recommended that Americans use encrypted messaging apps to ensure their ...NBC News - 23h -
Top US Consumer Watchdog Has a Plan to Fight Predatory Data Brokers
A new proposal by the Consumer Financial Protection Bureau would use a 54-year-old privacy law to impose new oversight of the data broker industry. But first, the agency must survive Elon Musk.Wired - 1d -
UK facing ‘widening gap’ in ability to fight cyber threats, warns top agency
Number of incidents at top end of scale of severity tripled last year, including attack that took down London hospitalsFinancial Times - 1d -
FT readers: your favourite off-the-beaten-track eateries and bars in Venice
Top tips on authentic places to dine and drink in La SerenissimaFinancial Times - 1d -
FirstFT: Critics see chance to close US accounting regulator
Also in this newsletter, Nato’s new chief warns of ‘dire threat’ of a bad Ukraine peace deal and China hits back against chip sanctionsFinancial Times - 1d -
China retaliates against latest US chip restrictions
Beijing bans export of materials used in semiconductors and batteriesFinancial Times - 1d -
The positive flipside of rampant inflation
The biggest debt reduction scheme in history?Financial Times - 6h -
‘Progressive except for Palestine’: how a tech charity imploded over a statement on Gaza
The board of the non-profit Code for Science & Society blocked a statement against genocide. The fallout tore the high-profile organization apart. Miliaku Nwabueze, a senior program manager at Code ...The Guardian - 1d -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - 1d -
Chipotle says it's raising prices 2% in response to inflation
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact that ongoing price increases in the economy are having on its finances.NBC News - 18m -
Bracketology: It's official, the SEC is a juggernaut
For the first time in a long, long time, a team not named Kansas is the top overall seed. Instead, it's Auburn as the SEC takes over the bracket.ESPN - 8h -
Chipotle Raises U.S. Prices by 2% to Offset Inflation Costs
The chain aims to balance higher costs for avocados, queso and sour cream while maintaining its appeal to inflation-weary consumers.The Wall Street Journal - 1h -
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Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - 2d -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - 1d -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - 1d -
Fed commentary, Foot Locker, ADP jobs data: What to Watch
Federal Reserve Chair Jerome Powell will be releasing a fresh round of commentary alongside St. Louis Fed President Alberto Musalem and Richmond Fed President Tom Barkin. The central bank is set to ...Yahoo Sports - 21h -
DealBook Summit Live Updates: Jerome Powell Calls Fed Independence ‘Law of the Land’
Alex Cooper, the host of “Call Her Daddy,” explained how she built her following, and Bill Clinton defended President Biden’s pardon of his son. Jeff Bezos, Prince Harry and Sundar Pichai are among ...The New York Times - 16m -
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.CNBC - 56m -
Huge sinkhole is still growing, council leader warns
It could be months until evacuated residents are able to return to their homes, one homeowner says.BBC News - 2d -
Guéhi writes 'Jesus' on armband despite warning
Crystal Palace's Marc Guéhi wrote "Jesus loves you" on his rainbow-coloured captain's armband on Tuesday despite a reminder from the FA about religious messages.ESPN - 7h -
Biden, in Angola, Warns That Slavery’s History Should Not be Erased
In becoming the first American leader to visit Angola, President Biden said it was important not to forget the ugly legacy of the human trade that originally defined relations with Africa.The New York Times - 11h -
Amorim warns Man United fans: 'Storm will come'
Ruben Amorim has warned Manchester United fans that "a storm will come" despite his positive start as head coach.ESPN - 7h -
Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.CNBC - 17h
