Latest in Still High Fed
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'Music is back' as vinyl and streaming help sales hit a 20-year high
Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.BBC News - Jan. 8 -
Is a 2-year CD still worth opening?
A 2-year CD can still be valuable for many savers, even at a slightly lower interest rate. Here's why.CBS News - Jan. 7 -
Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - Jan. 7 -
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Democrats still underestimate Trump
Despite his greatest political win, and arguably America’s greatest presidential recovery, Trump’s opponents continue to act as though his success is a fluke.The Hill - Jan. 7 -
Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator
With Barr's resignation, a more precise image of incoming bank deregulation is forming.CNBC - Jan. 7 -
Call Of Duty Budget Reportedly As High As $700 Million Per Game
Big video games take a lot of money to make, but the industry is very secretive in exactly how much is spent developing them. However, it looks like we might have some insight on how much money it ...GameSpot - Jan. 7 -
When the blizzard hits, why are we still commuting?
As Winter Storm Blair wreaks havoc across the U.S., the lack of leadership in promoting remote work is frustrating and could have saved lives, reduced economic disruption and maintained normalcy.The Hill - Jan. 7 -
With high heels and fur coats, Kaitlin Olson taps into 'High Potential'
The ABC procedural, which returns for the second half of its season Tuesday, has been a fun challenge for Kaitlin Olson, who stars in and produces the series.Los Angeles Times - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
Michael Barr to Leave His Role as Fed Vice Chair for Supervision
Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.The New York Times - Jan. 7 -
Fed official delivers a blunt message to the stock market — which ignores it
Federal Reserve Gov. Lisa Cook gave one of the bluntest warnings an official at the central bank has ever delivered about the stock market.MarketWatch - Jan. 6 -
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 -
Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump
There had been speculation that Trump might replace Barr after he takes office Jan. 20.CNBC - Jan. 6 -
Why bank stocks care that Michael Barr is stepping down as top Fed banking cop
As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.MarketWatch - Jan. 6 -
Michael Barr to step down as Fed’s top Wall Street regulator
US central bank’s vice-chair for supervision will leave his role in February but stay on as a governorFinancial Times - Jan. 6 -
UK high-speed rail line told to cut charges
Regulator rules fees should come down by 3.8% compared with HS1’s proposalFinancial Times - Jan. 6 -
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Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
Djokovic still has 'trauma' over Covid deportation
Novak Djokovic says he still has "trauma" when he visits Melbourne, three years after being deported because of Covid-19 rules.BBC News - Jan. 6 -
'Liverpool were flustered and rattled - but still weren't beaten'
MOTD2 pundit Alan Shearer explains why there is no need for Premier League leaders Liverpool to panic after their thrilling draw with Manchester United.BBC News - Jan. 6 -
Edwards nets career-high 53 in loss to Pistons
The Pistons overcame Anthony Edwards' career-high 53 points to beat the Timberwolves on Saturday night.ESPN - Jan. 5 -
Sensabaugh scores career-high 34, Jazz rout Heat 136-100
Brice Sensabaugh scored a career-high 34 points, John Collins finished with 24, and the Utah Jazz snapped a five-game losing streak with a 136-100 rout over the Miami HeatABC News - Jan. 4 -
Experts say high food prices are here to stay. Here's why
Some experts say there's really nothing the government can do about high food prices.CNBC - Jan. 4 -
Feds find bomb-making material in home of New Orleans attacker
New Orleans is ramping up security in the aftermath of the New Year's Day terror attack that killed 14 people and wounded dozens more. The city is set to host the Super Bowl and Mardi Gras ...CBS News - 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 -
3 CD accounts still worth opening for 2025
CD accounts can still be valuable this year, especially if you open one of these term lengths.CBS News - Jan. 3 -
Flu emergency room visits now "very high" nationwide, CDC says
Several Western states are seeing rates worse than last year's peak of flu season.CBS News - Jan. 3 -
DraftKings tests a subscription service as it looks to offset high New York taxes
DraftKings is testing the subscription service in New York, which is tied for the highest tax rate on sports wagering in the country.CNBC - Jan. 3 -
U.S. Car Sales Hit a Five-Year High in 2024
Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.Inc. - Jan. 3 -
JetBlue fined $2 million by feds for "chronic flight delays"
JetBlue is the first carrier to be penalized by the Department of Transportation for unrealistic scheduling practice.CBS News - Jan. 3 -
It's Christmas for the elephants as unsold trees are fed to the animals at Berlin Zoo
For the elephants and others at the Berlin Zoo, it’s finally time to unwrap their Christmas presentsABC News - Jan. 3 -
Rosita Missoni, who turned colored knitwear into high fashion, dies at 93
Rosita Missoni, co-founder of the fashion house known for its bright and patterned styles, has died at the age of 93, the family-owned company said on Thursday.NBC News - Jan. 3 -
High-stakes tests and threats to watch as UK politics heats up
After a slow start Keir Starmer must now grip both policy and polling pressures, with May elections pivotal for his opponentsFinancial Times - Jan. 3 -
Britain's 'oldest' barrister still loves job at 90
Noel Philo continues to prosecute and defend criminal cases at Lincoln Crown Court.BBC News - Jan. 3 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
Rosita Missoni, Who Turned Zigzag Sweaters Into High Fashion, Dies at 93
With colorful knitwear, she and her husband, Ottavio, built one of the world’s most recognizable brands, helping to make Milan a capital of “alta moda.”The New York Times - Jan. 2 -
Golf goes indoors on prime time with high-tech TGL league
Golf is moving indoors like never beforeABC News - Jan. 2 -
NBA Power Rankings: Celtics and Clippers riding high into the new year
Our NBA insiders break down this week's Power Rankings and where all 30 teams stand heading into 2025.ESPN - Jan. 2 -
Cruise ship stomach bug illnesses hit 12-year high: CDC
Cruise ships saw the highest number of stomach bug illnesses since 2012 with 16 outbreaks that impacted 1,894 passengers.The Hill - Jan. 2