By Ann Saphir (Reuters) – U.S. central bankers believe they’ll cut interest rates just once this year, two fewer than they thought in March as inflation approaches their 2% goal more slowly than they had expected. That’s according to the median of new economic projections published on Wednesday by the Federal Reserve at the end […]
The Federal Reserve signaled Wednesday it would lower interest rates just one time this year, down from the three cuts the central bank anticipated in its previous March projection. Fed officials see the fed funds rate peaking at 5.1% in 2024. That suggests the Fed will cut rates by 0.25%. The Fed has moved in […]
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank’s policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed officials will receive a new round of inflation data that […]
Jun. 11—A federal magistrate judge has slashed the $44 million jury award to a former female Las Cruces high school student who was the victim of sexual misconduct by her agricultural teacher. Chief U.S. Magistrate Judge Gregory Wormuth ruled that the young woman, identified as T.R., can either collect a total of $6.5 million in […]
ST. CLOUD — St. Cloud State University announced cuts Tuesday afternoon. The move comes after the university’s long-term financial woes led to a $14.4 million budget deficit in 2024. The university said it’s suspending 42 degree programs and 50 minors, alongside eliminating 54 full-time faculty (13%), 42 staff (8%) and four (13%) administrative positions. The […]
By Ananta Agarwal, Nathan Gomes and Nora Eckert (Reuters) – General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on demand from its gasoline-powered models. GM now projects the higher end of its 2024 EV production to be 250,000 units, down […]
Jerome Powell, the chair of the Federal Reserve.Chip Somodevilla/Getty Images The Federal Reserve is likely to hold interest rates steady in its next decision on Wednesday. It follows a strong jobs report and still-high inflation. It’ll likely take longer for the Fed to cut interest rates given recent economic data. Americans shouldn’t expect interest rate […]
If your hair is naturally curly or wavy, it probably takes some serious effort to get it straight — not to mention now having to deal with the frizz-fueling humidity of summer. You usually have to blow your hair out and follow up with a flat iron to truly tame those locks, but that’s why […]
Rishi Sunak has set out plans for a 2p national insurance cut in a multibillion-pound gamble to get the Tory UK general election campaign back on track. Launching the Conservative manifesto at the Silverstone motor racing circuit, the UK prime minister positioned himself as the heir to Margaret Thatcher with tax-cutting promises as he sought […]
US Federal Reserve chair Jerome Powell arrives to hold a news conference after a Federal Open Market Committee meeting in Washington, DC, on January 31, 2024.JULIA NIKHINSON/AFP via Getty Images Some analysts are eyeing zero rate cuts from the Fed this year. RBC’s Lori Calvasina forecasts that a no-rate-cut scenario would pull the S&P 500 […]
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Federal Reserve officials are scheduled to gather Tuesday and Wednesday as market-based expectations for 2024 rate cuts diminish. – MarketWatch photo illustration/iStockphoto It was perhaps one of the biggest and most important trading theses for investors at the start of 2024, contributing to a mostly upbeat view that helped propel large-cap and tech-heavy U.S. stock […]