–The Federal Reserve kept interest rates unchanged on Wednesday and reiterated plans to cut rates later this year, even as rising energy prices from the Iran war threaten to prolong the administration's efforts to control inflation ahead of the midterm elections. The sole dissenting vote came from President Donald Trump's newest FOMC appointee, Stephen…
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Set for Friday, March 27, at 8 a.m., the forum will take place at the ETSU Martin Center for the Arts. Tony Pittarese, dean of the College of Business and Technology. In his role, Barkin oversees the Richmond Fed's operations and serves on the Federal Reserve System's Federal Open Market Committee.
Zocks, the privacy-first AI assistant for financial advisors, today announced it is bringing its AI-automated operational and document intelligence capabilities to the life insurance market. Zocks is already in use exclusively at two of the three largest U.S. life insurance carriers. “Zocks speeds up our workflow after calls, letting us send emails and…
MONROE COUNTY— Monroe County Mayor Michelle Lincoln, the Monroe County Commission and Growth Management Director Emily Schemper recently proclaimed March 9-15 as Monroe County Flood Awareness Week. The week is recognized statewide by the Florida Floodplain Managers Association to encourage residents to learn about flood risks, flood insurance and…
Gold prices often drop as the economy improves, and news reports initially attributed the drop to a surge in business confidence after the president chose a moderate to head the Fed, the USA's central bank. The sudden drop in gold and silver prices in January wiped out $7 trillion in paper wealth in two days. That is equivalent to the combined national debts of the…
The state Treasurer's Office has oversight of the SHP, which is North Carolina's largest purchaser of medical and pharmaceutical services. Since state Treasurer Brad Briner took office in January 2025, he had focused primarily on reducing expenses as part of an effort to provide more financial stability to SHP. The SHP presentation listed that there would be…
QuSecure™, Inc., the market leader in post-quantum cybersecurity and cryptographic agility, today announced that the Post-Quantum Financial Infrastructure Framework submitted to the U.S. Securities and Exchange Commission’ s Crypto Assets Task Force specifically cites QuSecure’ s, Banco Sabadell’ s, and Accenture’ s four-month banking deployment as a…
An expansive new report from the nonpartisan Common Sense Institute—“ The Inflation Hangover: How the Post-Pandemic Price Surge Reshaped Affordability in America”— digs deep into the causes and where Colorado now falls into the mix. Meanwhile, the Federal Reserve pushed interest rates to zero and expanded its balance sheet by $3 trillion through“ quantitative…
It’ s open enrollment season for Medicare Advantage, when people currently enrolled in private managed-care plans can either sign up for a new one or switch to original Medicare through March 31. "We really want people to factor that in," said Kata Kertesz, managing policy attorney at the Center for Medicare Advocacy. "We saw some Medicare Advantage plans that just…
The bill was tentatively scheduled for debate Thursday in the Iowa House after it passed the Appropriations Committee in a 14-10 vote Monday. The proposal also would transfer $296.2 million from the Iowa Taxpayer Relief Fund to account for state revenue decreases caused by tax cuts through the "One Big Beautiful Bill" Act approved by President Donald Trump…
A bill advancing rapidly in the Iowa House would make a one-time tax increase on some health insurers and draw money from the Taxpayer Relief Fund to address the state's Medicaid shortfall. The bill would also include a $296.2 million transfer from the state's Taxpayer Relief Fund to account for state revenue declines caused by changes made through the…
What's being proposed: a temporary tax increase on health insurers and additional withdrawals from a state reserve fund to offset impacts on the state's budget from federal tax cuts contained in the Republicans' "One Big Beautiful Bill" Act. House Democrats requested Wednesday's public hearing to give the public more time to weigh in on the proposal after it…
The postpartum Medicaid bill, now 2025 Wisconsin Act 102, expands coverage from 60 days after birth to a full year and makes Wisconsin the second-to-last state to adopt the expansion. Evers signed the bill at Children's Wisconsin Hospital in Milwaukee on Wednesday. But the tide turned last month after hours of private debate among Republicans and a concerted…
William McChesney Martin Jr. was chairman of the Federal Reserve Board from 1951 to 1970. He is perhaps best known for his "punch bowl" speech delivered on October 19, 1955, to the New York Group of the Investment Bankers Association of America. Recently, Nick Timiraos, a prominent monetary journalist for the Wall Street Journal, wrote: " The Fed continued to raise…
The Public Employee Committee, which bargains health insurance benefits on behalf of City of Boston unions, is firing back at the Wu administration after its“ ultimatum” over dropping GLP-1 weight loss coverage to cut costs. The PEC, after drawing the city’ s ire by voting down the offer on March 9, said it "s willing to agree to the system, but on its own terms, which are…
Powell also said he would remain a member of the Fed board of governors until the Justice Department ends its criminal probe of his handling of renovations to the central bank's headquarters in Washington, D.C., along with his June 2025 testimony about the matter before the Senate Banking Committee. Powell confirmed in January that the DOJ sent him and the Fed…
The following information was released by the Association for Manufacturing Technology:. McLean, Va. The Federal Reserve opted to keep interest rates steady today at a target range of 3.5% to 3.75% in a move that was widely anticipated by financial markets. Manufacturers who rely on large capital purchases can more confidently make those investments in a more…
WASHINGTON- The U.S. central bank held interest rates steady on Wednesday and projected higher inflation, steady unemployment and a single reduction in borrowing costs this year, a path that Federal Reserve Chair Jerome Powell said was subject to unusually high uncertainty as policymakers take stock of the impact of the U.S. and Israeli war with Iran.
The following information was released by the National Association of Mutual Insurance Companies:. The National Association of Mutual Insurance Companies said today that a change in guidance from the government sponsored enterprises Fannie Mae and Freddie Mac long sought by mutual insurers will help ease the costs of homeownership.
