Wall Street is watching two major employment reports this week that could influence how the Federal Reserve handles interest rates in the months ahead. The U.S. will release its July report on job openings and turnover Tuesday, followed by the broader monthly jobs report for August on Friday. The Fed has held rates steady as it monitors the impact of the U.S….
RICHMOND— Premiums for Affordable Care Act coverage are on track for sharp increases next year, according to the current rate increase requests health insurers are seeking from the State Corporation Commission's Bureau of Insurance. HealthKeepers, the largest Obamacare insurer in the state, covering 115,000 Virginians, is seeking an average increase of…
A new community health center could be serving patients in Woodward as soon as late November, with GSP Health racing a 120- day federal grant deadline to get the facility operational. GSP Health is searching for a location in Woodward after learning that a previously planned site is no longer available. Tim Starkey, chief executive officer of GSP Health, said the…
At "Financial Innovation: Implications for Payments and Policy," an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming. For the fine hospitality, everyone here is in debt to President Jeff Schmid and his colleagues at the Federal Reserve Bank of Kansas City. As I learned years ago, you can take two different kinds of…
–Americans need a "quieter" Federal Reserve focused on bringing down 65 months of "sustained elevated inflation," the central bank's chair told attendees of the annual Jackson Hole Economic Policy Symposium on Friday. The symposium is a high-profile, once-a-year gathering of leading central bankers, policymakers and economists from around the world. The Fed…
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Inflation has worsened since the U.S. and Israel attacked Iran in late…
Gold prices slid on Friday after Federal Reserve Chairman Kevin Warsh's remarks in Jackson Hole on inflation, but the price of gold still remained higher than earlier this month– and the World Gold Council reported prices continue to outpace mining costs. Gold had hit a more than three-month high of $4,696.18 on Tuesday, Aug. 25, building on a rally following the…
