The following information was released by the Cato Institute:. Following today's decision by the Federal Reserve to raise interest rates, I wanted to share the following reaction from the Cato Institute's Jai Kedia, a research fellow with the Center for Monetary and Financial Alternatives:. "The Fed raised rates by 25 basis points today in response to inflation…
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–The Federal Reserve board’ s recent decision to raise interest rates a quarter point may have expensive implications for Illinois taxpayers. Professor Justin Marlowe, director of the Center for Municipal Finance at the University of Chicago’ s Harris School of Public Policy, said state and local governments are already borrowing at higher interest rates…
—A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of persistent supply shocks that have driven up inflation, including…
Donalds counters on the campaign trail and in a television ad that Jolly's plan would institute a $1,000 "hurricane tax" on Florida families. The Donalds campaign cites a recently published study from Florida State University as the source of its contention that Jolly's plan would blow a hole in Florida voters' pockets if approved. But that FSU study isn't based…
POTSDAM– The village board is getting into a new retiree insurance policy that would keep the current level of coverage but save the village about $50,000 per year. “We’ ve been reviewing our options, and have identified a plan that we believe will be more cost effective to the village,” Village Administrator Isabelle Gates-Shult said during the Sept. 8 village…
Global Atlantic, a leading provider of retirement security and investment solutions and a wholly owned subsidiary of KKR, today announced the launch of ForeLifetime Income, a new fixed index annuity developed specifically for the independent marketing organization channel. That challenge is particularly relevant for the first wave of Generation X now…
American International Group, Inc. today announced the appointment of Sierra Signorelli as Chief Executive Officer, Americas and Global Personal Insurance, effective January 1, 2027. In this new role, Ms. Signorelli will oversee AIG’ s North America, Latin America& Caribbean Commercial Insurance businesses as well as the Global Personal Insurance business.
A quarterly report and an independent audit tell conflicting stories about the Idaho School Benefit Trust's finances, according to public documents shared by the Idaho Department of Insurance last week. Meanwhile, included in those documents, internal board minutes show the trust painted a rosy picture of low rates and stability and unveil that the trust…
The following information was released by the Federal Reserve Bank of Dallas:. The forecast is based on an average of four models that include projected national GDP, oil futures prices, and the Texas and U.S. leading indexes. Texas employment fell in July, bringing year-to-date job growth down to 1.6 percentbelow the state's long-run average of 2 percent, said…
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The following information was released by the Federal Reserve Bank of Dallas:. The Federal Reserve Bank of Dallas has named Kate Faucher as senior advisor for energy programs. Faucher holds a bachelor's degree from Texas Tech University and an MBA from the Marshall School of Business at the University of Southern California.
EUR/USD remains under pressure this week as investors focus on the recent Federal Reserve and European Central Bank interest rate decisions. It was trading at 1.1486 ahead of a relatively muted week, in which there will be no major macroeconomic news from the US and Europe. The EUR/USD pair has slumped in the past few weeks as investors have reacted to the recent…
He had seen announcements about the new Mililani Clinic& Urgent Care last summer and was pleased it would be right in his neighborhood. He had just moved back to Hawaii from Las Vegas, and the doctor he used to see at Pali Momi Medical Center had retired. Daszek said that his insurer, Hawaii Medical Service Association, provided him with a list of doctors to call, but he…
Walt Disney, Bloomberg, Starbucks and Deloitte are among those taking actions next year to rein in healthcare spending, from restricting spousal coverage to eliminating plan options or cutting drug benefits to deal with soaring costs. Insurer Aon predicted even higher costs, with U.S. employer healthcare costs increasing 9.5% next year, pushing average…
Taya Hailstone has been in remission from childhood Hodgkin lymphoma for five years. Before making the decision, the state didn’ t seek records from the medical team treating Hailstone, according to letters from those doctors reviewed by KFF Health News. Taya Hailstone has been in remission from Hodgkin lymphoma for five years, but the cancer’ s lasting damage to…
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts. “Depending on what happens with the settlement, this could be an even bigger expansion,” said Katie Keith, director of the Center for Health Policy and the Law at the Georgetown University Law…
Taya Hailstone has been in remission from childhood Hodgkin lymphoma for five years. Before making the decision, the state didn't seek records from the medical team treating Hailstone, according to letters from those doctors reviewed by KFF Health News. Rather, the administrative ruling came after state officials learned the now-19-year-old had stopped…
The two Democrats running for California insurance commissioner offer voters a stark choice for tackling a wildfire-driven home insurance crisis as premiums surge and insurers drop thousands from their plans: Can the state fix the private market, or should it step in with its own coverage? Jane Kim, a former member of the San Francisco Board of Supervisors, has…
The Federal Reserve has made its position clear enough to force traders to reconsider how far U.S. yields may still climb. There may be room for a short-term bounce after the recent damage, but the broader picture remains tied to a familiar problem: the United States looks stronger, while Europe is still dealing with risks that are difficult to ignore.
