It is the first time since inflation first spiked that the central bank has formally acknowledged progress in its fight against accelerating prices.
Federal Reserve
Posted inBusiness, Nation / World, News
Fed Chair Powell reiterates that central bank will be cautious about further interest rate hikes
For now, Jerome Powell says he believes the Federal Reserve faces nearly equal risks of raising its benchmark rate too high or not raising it high enough.
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Bonds are having the best run since 2020 on bets Fed is done hiking
It’s been a wild ride this week for bond traders who have also seen the Treasury unveil smaller-than-expected bond supply plans and key data – which the Fed has vowed to heed – that suggest the economy is starting to cool.
Posted inBusiness, Nation / World, News
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Consumer inflation has dropped from a year-over-year peak of 9.1% in June 2022 to 3.7% last month. But recent data suggests that inflation remains persistently above the Fed’s 2% target.
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Two Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Since March of last year, the Fed has raised its benchmark short-term interest rate 11 times, from near zero to roughly 5.4%
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Fed keeps interest rates unchanged but it expects another increase this year
Even as inflation has slowed significantly, the job market and the economy have remained resilient, confounding expectations that the Fed’s series of hikes would cause widespread layoffs and a recession.
Posted inBusiness, Nation / World, News
U.S. government shutdown threat builds, imperiling soft landing for economy
The Fed will be making a key interest-rate decision in September and the increased likelihood of a prolonged shutdown could factor into that stance.
Posted inBusiness, Nation / World, News
Jerome Powell: U.S. economy remains solid, but rural towns aren’t feeling the effects
The Fed chairman stresses that poorer communities need extra tools to bolster businesses and talent.
Posted inBusiness
Stocks dive again, heading for worst December since Great Depression
Investors are growing worried that global economic growth is cooling and that the U.S. could slip into a recession in the next few years.
Posted inObituaries, sj-web
Carol A. Watkins
TURNER — Today our family has lost our dearest mother, Carol A. Watkins, formerly of Winter Haven, Fla., and Turner. Carol passed away Friday, Oct. 2, in Suffield, Conn., after a long, courageous battle against cancer. She was the mother of four children from her first marriage and two stepchildren from her second. Carol was […]