The Federal Reserve won’t talk about it. A new study shows why they must.
INN Insider News
Washington, Dec 12- The Federal Reserve begins its last meeting of 2023 on Tuesday, a meeting that experts say could signal that the end of interest rate hikes has arrived, although there is still no sign of them being lowered in the near future. The members of the Federal Open Market Committee of the US regulator, the body in charge of deciding whether or not to raise…
The maker of the drug, Pfizer, is continuing to provide it for free to people without health insurance. “I think the barriers are going to go up when there’ s not just free product available automatically, but it involves this extra step of getting into a patient assistance program,” said Dr. Harris,“ Which is a concern when you have a time-sensitive situation needing to…
Medicare Advantage beneficiaries on Tuesday filed a class-action lawsuit alleging that Humana illegally used an algorithm to prematurely cut off payment for rehab care.
Late last week in Camden federal court, Kaival Patel, 54, of West New York was found guilty on 11 counts of defrauding public health insurance plans out of more than $4 million as part of an overarching conspiracy that has led to the convictions or guilty pleas of more than 45 individuals, according to the U.S. Attorney’ s Office for the District of New Jersey.
State Treasurer Vivek Malek, right, argues for removing Missouri State Employees Retirement System money from investments in Chinese businesses. Commissioner of Administration Ken Zellers is on his left (Rudi Keller/Missouri Independent).The board overseeing Missouri’s largest state employee pension fund voted Tuesday to sell most of its investments in Chinese-owned companies,…
This 2023 has been a good year for the insurance industry in the health business. The industry accumulated a growth of 11.2% in direct premiums in this market at the end of the third quarter, which would translate into the highest increase for the January-September period, according to data from the Chilean Insurers Association, based on public information…
Drivers across California say they're having to wait longer than usual to get coverage— and when they finally find an insurer and a plan, they're having to pay their premiums up front. Also see: What's driving up healthcare prices in California? The insurance department also is in the middle of setting new regulations for fire insurance as some of the biggest…
Proposal would muscle many smaller companies that Texans use to service their life insurance needs out of the market
Driver Jose Viveros delivers beverages in the Little Tokyo district of Los Angeles in July. The labor market has added jobs at a steady clip in the past year, despite efforts by the Federal Reserve to cool the economy. (Photo by Damian Dovarganes/AP) (This image cannot be republished unless you have an AP subscription.)A still-roaring national economy grew at an unexpectedly robust…
WASHINGTON— With inflation edging closer to the Federal Reserve's 2% target, its policymakers are facing— and in some cases fueling— hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring. Fed Chair Jerome Powell, though, has recently downplayed the idea that rate reductions are nearing.
A Philadelphia-based mall owner's 2020 bankruptcy deal was supposed to provide a bridge to better times. But then the Federal Reserve started raising interest rates.Driving the news: Pennsylvania Real Estate Investment Trust, or PREIT, filed for Chapter 11 bankruptcy late Sunday. The filing is effectively a "Chapter 22" — industry slang for a repeat filer.Why it matters: The…
George Santos may avoid going to trial on 23 charges, ranging from wire fraud to money laundering. The document, filed by the Department of Justice, also proposes how the case should proceed if there is no plea agreement. The New Yorker was ousted from his job in the House of Representatives earlier this month.
Stocks on Wall Street finished modestly higher Monday ahead of the Federal Reserve's final meeting of the year. Cigna surged 16.7% for the biggest gain among S&P 500 stocks after the health insurer announced a $10 billion stock buyback, and the Wall Street Journal reported that the company is no longer pursuing a merger with Humana. Macy's jumped 19.4%…
Over the course of this week, the world's economic agents await the decision and future rate path of the Federal Reserve, the Bank of England, the European Central Bank and, of course, the Bank of Mexico. According to Christian Keller, chief U.S. economist at Barclays, the strong U.S. labor data released last Friday forced financial markets to moderate their pricing…
Rachael Ray— the chef whose TV programs on quick dinners gained popularity in the early 2000 s— has created a new show called Rachael Ray's Rebuild that's focused on fixing properties after floods, tornadoes and even catastrophes not caused by weather, such as house fires. It's part of the push by television networks into shows to help owners address complicated…
However, in the Pacific, Hurricane Otis will probably become the costliest natural disaster in Mexico, according to estimates by reinsurer Swiss Re. The Mexican Association of Insurance Institutions announced that losses from the impact of the hurricane in Acapulco amounted to 30,622 million pesos, making it the third most catastrophic event in the history…
Angela M. Du Bois, a retired software tester in Durham, North Carolina, wasn’ t looking to replace her UnitedHealthcare Medicare Advantage plan. She wasn’ t concerned as the deadline approached for choosing another of the privately run health insurance alternatives to original Medicare— a deadline that passed on Thursday. But then something caught her attention:…
Data: FactSet; Chart: Axios Visuals Global markets think the war against inflation is over. And the Fed won.Why it matters: Reading the tea leaves from bond, stock and currency markets sheds light on how investors believe the economy will develop next year.It also helps explain the rip-roaring rally in stocks. The big picture: The overwhelming signal markets are sending right now…