Fed Set to Impose Smaller Hike May Hint of Fewer Increases
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Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Cramer says two recent earnings reports may indicate a slowdown is brewing — but not enough for a Fed cut
CNBC's Jim Cramer said disappointing quarters from trucker J.B. Hunt and real estate investment trust Prologis could mean an economic slowdown is brewing.CNBC - Business -
Syphilis case increase sparks Colorado public health order
An alarming spike in syphilis cases in Colorado prompted a statewide public health order, particularly focused on treating the disease among pregnant woman and babies. Colorado Gov. Jared Polis (D) announced Thursday the state would implement more ...The Hill - Politics -
Middle East Crisis: Live Updates: Muted Reactions to Israeli Strikes on Iran Hint at De-Escalation
Israel had vowed retaliation for Iran’s attack last weekend, but the strikes reported overnight were limited, and Iran downplayed them.The New York Times - World - Israel -
Russia pummels exhausted Ukrainian forces with smaller attacks ahead of a springtime advance
Russian troops are ramping up pressure on exhausted Ukrainian forces across the front line to prepare to grab more land this spring and summerABC News - World - Ukraine -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Israel’s Strike Was Smaller Than Expected, and So Was Iran’s Reaction
The relatively limited scope of the attack, as well as a muted response from Iranian officials, may have lowered the chances of an immediate escalation, analysts said.The New York Times - World - Israel -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
Why the Fed Should Declare Victory and Cut Interest Rates
Small business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Gilt Yields Fall After Weak U.K. Retail Sales Data
Gilt yields declined following weaker-than-expected U.K. retail sales data, increasing prospects of a Bank of England interest-rate cut in the coming months.The Wall Street Journal - World - United Kingdom -
Will Rishi Sunak be crushed by the May 2 local elections?
Tory MPs believe PM could face no-confidence vote if party loses crucial mayoralties and hundreds of council seatsFinancial Times - Business -
Penny Mordaunt could use sword to open an Aldi
The MP famously carried a 17th Century ceremonial blade at the Coronation of King Charles III.BBC News - Top stories - US Open -
The Mayorkas impeachment was quickly dismissed, but its politics may not be
However you viewed the Mayorkas impeachment articles, its politics was brutal for Senate Democrats.The Hill - Politics -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Only Watch, a Charity Auction, Is Rescheduled for May
A social media controversy over the financial transparency of the Monaco association that organizes the event had prompted its cancellation last fall.The New York Times - Lifestyle -
The Memo: Johnson set for a tough victory
Speaker Mike Johnson (R-La.) looks set to successfully face down the hard-right members of his conference on a series of foreign aid bills — after a mighty fight. Johnson will need to lean on Democrats to pass the bills, which deal with aid to ...The Hill - Politics -
Long-Acting Drugs May Revolutionize H.I.V. Prevention and Treatment
New regimens in development, including once-weekly pills and semiannual shots, could help control the virus in hard-to-reach populations.The New York Times - Health -
Five reasons the stock market’s ‘painful’ pullback may be nearing its end
It’s been a painful experience for investors over recent days. But it may soon come to an end says Tom LeeMarketWatch - Business -
Start of Sen. Bob Menendez's bribery trial is delayed a week to mid-May
A federal judge has agreed to delay the start of New Jersey Sen. Bob Menendez's bribery trial by a week after lawyers said extra days would aid trial preparationABC News - Top stories -
Arena Breakout: Infinite launches in closed beta on Steam in May
MoreFun announced it's launching its PC FPS title Arena Breakout: Infinite in closed beta on Steam next month.VentureBeat - Tech -
Gulf states’ response to Iran-Israel conflict may decide outcome of crisis
Tit-for-tat attacks present Sunni monarchies with complicated choices over region’s future. Iran’s missile and drone attack on Israel had, by the end of this week, become one of the most interpreted events in recent modern history. Then, in the ...The Guardian - World - Israel -
Like Moths to a Flame? We May Need a New Phrase.
Over time researchers have found fewer of the insects turning up in light traps, suggesting they may be less attracted to some kinds of light than they once were.The New York Times - Science -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Nearly 50 pounds of meth hidden in ice chest full of fish seized at border, feds say
Authorities confiscated nearly 50 pounds of methamphetamine hidden in an ice chest of fish earlier this week at the Southern border in California, federal officials said.NBC News - Top stories -
House set for weekend vote on foreign aid bills
Foreign aid bills for Israel and Ukraine are set for a vote this weekend and are likely to pass. This comes as four Democrats joined five Republicans to vote the aid packages out of committee. NBC’s Kristen Welker joins TODAY with analysis.NBC News - Politics -
A Wave of AI Tools Is Set to Transform Work Meetings
An AI-powered wearable from startup Limitless promises to make meetings more productive. It’s the beginning of a wider transformation of human interactions.Wired - Tech -
Nottingham Forest's points appeal hearing set for Wednesday
Nottingham Forest's appeal against their Premier League points deduction will be heard on Wednesday.BBC News - Top stories -
'The Pirate King' Review: Setting Sail With Henry Avery
Was an infamous buccaneer who disappeared in 1696 really a spy for king and country?The Wall Street Journal - World -
Stock Market Set for Longest Losing Streak in Months
A rally at the start of the year has given way to worries on Wall Street about economics and geopolitics.The New York Times - Top stories -
U.S. and Allies Penalize Iran for Striking Israel, and Try to Avert War
While imposing sanctions on Iran, U.S. and European governments are urging restraint amid fears of a cycle of escalation as Israel weighs retaliation for an Iranian attack.The New York Times - World - Iran -
Satellite Data Reveals Sinking Risk for China’s Cities
Development and groundwater pumping are causing land subsidence and heightening the risks of sea level rise.The New York Times - World - China -
Biden imposes new sanctions on Iran after drone and missile attack on Israel
The Biden administration announced new sanctions on Iran targeting its missile and drone program after its attack on Israel last weekend.NBC News - Politics - Joe Biden -
Friday Briefing
Israel strikes Iran.The New York Times - World -
Dubai’s Extraordinary Flooding: Here’s What to Know
Images of a saturated desert metropolis startled the world, prompting talk of cloud seeding, climate change and designing cities for intensified weather.The New York Times - World