A cut by the Federal Reserve of the benchmark interest rate, expected by many in the coming weeks, could spur economic growth both nationally and in the Valley, experts say. On Friday, Fed chairman Jerome Powell said "The time has come for policy to adjust," noting that the timing and size of cuts will likely be determined by data and risk analysis in the coming weeks.
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HUTCHINSON, Kan.— Federal Reserve Chairman Jerome Powell announced on Friday that "the time has come for policy to adjust". That means rate cuts are coming, most likely in September. Creighton University economist Ernie Goss spoke to Hutch Post before the announcement, but he was anticipating this and he's pretty sure he knows why they need to cut.
PRINCESS ANNE- Somerset County's floodplain management practices which are designed to protect property from flood damage have been officially recognized by FEMA. It's been nearly seven years since the County Commissioners sent a letter of intent to the NFIP to lower the CRS rating, and last month FEMA confirmed "that the voluntary actions undertaken by…
Florida property owners are wisely shopping around these days as nearly a dozen new private insurance companies have joined the market this past year. The latest is Trident Reciprocal Exchange, announced by Florida Office of Insurance Regulation Commissioner Michael Yaworsky. That addition follows eight new property insurers entering the Florida…
JACKSON, Wyoming– With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23- year high, Chair Jerome Powell said Friday. "The time has come for policy to adjust," Powell said in his keynote speech at the Fed's annual economic conference in Jackson Hole, Wyoming.
Federal Reserve chairman Jerome Powell says he's increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting interest rates next month. Speaking at one of the most closely-watched annual gatherings of global central bankers in Jackson Hole, Wyo., Powell noted that inflation has cooled significantly…
Federal "dam information sharing procedures costs communities points, homeowners money, and potentially citizens lives," a California emergency services official warned in a January 2020 presentation to FEMA's National Dam Safety Review Board at an invitation-only meeting attended by dozens of federal and state officials. The meeting's minutes were…
DALLAS, Texas— Intrepid U.S.A. Inc., headquartered in Dallas, and various wholly-owned subsidiaries have agreed to pay $3,850,000 to resolve allegations that Intrepid violated the False Claims Act in connection with two lines of its business. "The Medicare Program provides vital health insurance to the elderly and disabled population," said U.S. Attorney…
Noting that inflation is easing while the job market is weakening, Federal Reserve Chair Jerome Powell provided the strongest signal yet that the central bank plans to begin cutting historically high interest rates in September. He gave no clues on how much the Fed will lower its key rate, but most forecasters expect a quarter-point reduction.
At a hotel surrounded by fresh burn scars, New Mexico lawmakers and insurance regulators described a bleak and uncertain future for prospective homeowners seeking adequate coverage for homes built in and around increasingly fire-prone forests. The interim Legislative Finance Committee meeting at the Inn of the Mountain Gods in Mescalero on Tuesday…
Keven Moore works in risk management services. He has a bachelor's degree from the University of Kentucky, a master's from Eastern Kentucky University and 25- plus years of experience in the safety and insurance profession. He lives in Lexington with his family and works out of both Lexington and Northern Kentucky.
On Aug. 8, Judge Analisa Torres of the U.S. Southem District of New York issued her judgment on the case brought by the Securities and Exchange Commission against the blockchain payments company Ripple. In her 16- page order, Torres brought the District Court's gavel down on the SEC's spectacular failure to expand the administrative state beyond what the law…
JACKSON, Wyo.- Speaking in his most closely watched speech of the year, Jerome Powell, the chair of the Federal Reserve, clearly signaled Friday that the central bank was poised to cut interest rates in September. "The time has come for policy to adjust," Powell said during the Kansas City Fed's annual conference at Jackson Hole in Wyoming. After more than a year of…
U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. "The long wait is over," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. " All three major U.S. stock indexes jumped after the release of Powell's prepared…
Federal“ dam information sharing procedures costs communities points, homeowners money, and potentially citizens lives,” a California emergency services official warned in a January 2020 presentation to FEMA's National Dam Safety Review Board at an invitation-only meeting attended by dozens of federal and state officials. The meeting's minutes were…
Jefferson's Philadelphia- based Health Partners Plans Inc. was shut out of the business the first time contracts were awarded seven years ago. The Community HealthChoices win means that Jefferson's Health Partners will operate statewide under two Medicaid programs. "This opportunity allows us to expand access to medical care and long-term services and…
Mayor Eric Adams and the New York City Commission on Human Rights announced the settlement— the largest of its kind in city history— on Aug. 22. The company runs a massive housing complex of over 6,000 units in a planned community originally established by Metropolitan Life insurance company. The Bronx Times left a message for the company but did not receive a…
Many on Wall Street are horrified that a presidential candidate might want to erode the independence of the Fed. We all would like to think that the Federal Reserve Bank's independence is sacrosanct. Congress has a say in the matter.
The law firm of Kirby McInerney LLP is investigating potential claims against Franklin Resources, Inc.. On August 21, 2024, Franklin disclosed that the co-Chief Investment Officer of its subsidiary, Western Asset Management Company is on a leave of absence after recently receiving a Wells Notice from the U.S. Securities and Exchange Commission in relation…
