Latest in Large Fed
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Beyond LLMs: How SandboxAQ’s large quantitative models could optimize enterprise AI
Alphabet spinout SandboxAQ is advancing large quantitative models to help enterprise AI optimize value creation.VentureBeat - 17h -
Bracing for a Fed Pullback on Interest Rates
Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.The New York Times - 1d -
FirstFT: Trump 2.0 looms large over Fed’s 2025 outlook
Also in today’s newsletter, sentencing in France’s mass rape case and the FT’s Person of the YearFinancial Times - 7h -
Does the Fed know it’s Christmas time at all?
JPow leaves a lump of coal for the degensFinancial Times - 9h -
Trump’s White House plans loom large over Fed
Tariff threats partly to blame for ‘striking’ increase in central bank’s US inflation forecasts, say economistsFinancial Times - 12h -
How the Fed's rate cuts will affect Americans directly?
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full ...CBS News - 17h -
Fed cuts interest rates, delivering relief for borrowers
The rate decision follows two consecutive months of rising inflation.ABC News - 20h -
Stocks plunge following Fed inflation projections
Major stock indices plunged Wednesday after the Federal Reserve signaled a slower pace of interest rate cuts for 2025 than previously forecast, renewing concerns about how fast inflation would fall.NBC News - 20h -
Fed cuts interest rate for third consecutive time
The Federal Reserve has announced a quarter-point cut to its key interest rate for a third consecutive time in 2024. NBC News' Brian Cheung has details on the decision and what it could indicate ...NBC News - 22h -
Mortgage rates inch up ahead of Fed meeting
Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.MarketWatch - 1d -
Trump team working out immigration plans, pushing for large-scale deportations
President-elect Donald Trump is pushing for a major mass deportation plan to commence during his first 100 days in office. CBS News immigration and politics reporter Camilo Montoya-Galvez has the ...CBS News - 2d -
Feds are moving to improve airline travel for people with disabilities
New rule is department's latest effort to improve commercial air travel for passengers with disabilities. Here's what's in it.CBS News - 2d -
Majority of Americans are ready to support Trump and large parts of his agenda, says CNBC survey
CNBC All-America Economic Survey also finds the public flashing yellow and red warning lights on parts of the Trump agenda.CNBC - 3d -
Jerome Powell and the Fed Head for Another Collision with Trump
Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.The New York Times - 3d -
Will the Fed signal a pause in rate cuts?
Market Questions is the FT’s guide to the week aheadFinancial Times - 4d -
Personal Data of Rhode Island Residents Breached in Large Cyberattack
An “international cybercriminal group” harvested the personal data of potentially hundreds of thousands of people from the state’s social services and health insurance systems, officials said.The New York Times - 4d -
Trump’s Transition Business Largely Happens After Night Falls
At his Mar-a-Lago club in Florida, the president-elect has been hosting diplomatic dinners, announcing cabinet picks and firing off texts to his aides — all after the sun goes down.The New York Times - 5d -
The Fed Is Stuck Fighting the Last War
Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says.The New York Times - 6d -
New Federal Rule Limits Overdraft Fees at Large Banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.The New York Times - Dec. 12 -
California Gets $135 Million to Phase Out Large Diesel Trucks
California has the next few years to use the money for zero-emission trucks.Inc. - Dec. 12 -
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.The New York Times - Dec. 11 -
Succession showed us the rich are largely miserable – and the Murdochs are living proof | Zoe Williams
What does Rupert’s failed attempt to hand his empire to son Lachlan tell us? They’d be happier giving their money away. Rupert Murdoch has lost an epic legal battle against three of his children: ...The Guardian - Dec. 11 -
Son gunned down in home invasion fought back, tried to help mom; suspect at large
Police in Pennsylvania are searching for the gunman wanted for killing a young man and wounding his mother during a home invasion in an upscale Philadelphia suburb.ABC News - Dec. 10 -
College Football Playoff Rankings: Betting markets surge in SMU vs. Alabama debate for final at-large spot
The ACC may get the benefit of the doubt over the SEC this yearCBS Sports - Dec. 8 -
Large mystery drones flying over neighborhoods in New York and New Jersey
Swarms of large drones, some described as big as cars, are flying over neighborhoods in New Jersey and New York. One even flew over a meeting of Pentagon leaders in California. NBC News' George ...NBC News - Dec. 8 -
Large Protests Call for Impeachment of South Korean President Yoon Suk Yeol
Demonstrations in the city and nationwide demanding the ouster of President Yoon Suk Yeol intensified through the week, and Saturday’s rally was the largest yet.The New York Times - Dec. 7 -
No need for 'large' council tax hikes - Robison
The finance secretary says a record funding deal should prevent an increase - but the decision will rest with local authorities.BBC News - Dec. 5 -
UnitedHealthcare CEO Brian Thompson fatally shot in targeted attack, gunman still at large
Thompson, who led the largest private insurer in the U.S., was set to attend UnitedHealth Group's investor day, which the company canceled.CNBC - Dec. 5 -
How long can Nvidia outrun the law of large numbers? Here’s some good news.
An analyst is encouraged by rumblings that Nvidia’s next-generation Rubin chip could be out earlier than expected in a boon to 2026 financials.MarketWatch - Dec. 5 -
Chinese hackers stole large amounts of Americans’ phone data from eight telecoms, officials say
A Chinese hacking campaign that spied on texts and calls of U.S. citizens is significantly larger than previously known to the public.NBC News - Dec. 4 -
College Football Playoff Rankings: Alabama Holds the Final At-Large Bid
After a shocking upset loss to Syracuse, Miami’s path to the postseason is in limbo, making way for the Crimson Tide.The New York Times - Dec. 4 -
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 - Dec. 3 -
FBI investigating ‘cluster of large drones’ spotted near Trump’s New Jersey golf course
A cluster of large drones spotted flying over central New Jersey — including near a military base and President-elect Donald Trump’s Bedminster golf course — has sparked a federal investigation as ...Yahoo Sports - Dec. 3 -
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. - Dec. 3 -
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What is 'lake-effect snow'? Warm air from large bodies of water is the key ingredient
The lake-effect snow that has fallen in parts of upstate New York, Pennsylvania and Michigan is the result of cold, moist air that blew over the Great Lakes regionABC News - Dec. 2 -
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 - Dec. 2 -
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 - Dec. 2 -
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. - Dec. 2
