Tag Archives: Federal

What is the Federal Reserve’s dot plot: Yahoo U

For more business and finance explainers, check out our Yahoo U page. Since 2011, the Federal Reserve has published a chart known as the “dot plot,” which maps out policymakers’ expectations for where interest rates could be headed in the future. The dot plot serves as a guide for financial markets, which tend to dislike policy surprises from the nation’s central bank. But the dot plot also runs the risk of sending the wrong message, since forecasts are often wrong. What is a Federal… Source link

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House passes bill making Juneteenth a federal holiday, sending it to Biden’s desk for signature into law

In a resounding bipartisan vote, the House of Representatives passed a bill Wednesday making Juneteenth, the day commemorating the official end of slavery in the United States, a federal holiday.  The final vote on the Juneteenth National Independence Day Act was 415-14, and the bill now heads to President Biden’s desk for signature into law.  “We cannot change the future if we do not recognize the past,” Rep. Joyce Beatty, D-Ohio, chair of the Congressional Black Caucus said on the… Source link

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Ice Cube’s trademark infringement lawsuit against Robinhood dismissed by federal judge

Exhibit A from Jackson v. Robinhood Markets, Inc., A Delaware Corporation Et Al A California judge on Tuesday dismissed a lawsuit brought by rapper Ice Cube against trading platform Robinhood claiming it used his image to promote its products, without his consent. The rapper sued Robinhood in March, alleging that it was damaging his reputation and violating trademark law by using his image and a take on his musical lyrics, and making it appear as if he endorsed the company, without his… Source link

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‘The federal government is making profits off the backs of our students’

As lawmakers and advocacy groups continue to push for $50,000 in student debt cancellation, Senate Majority Leader Chuck Schumer expressed shock over the interest rates that borrowers are being charged by the government. “The federal government is charging our students and those who have student debt 7% interest,” Schumer (D-NY) said during a press conference organized by Student Debt Crisis, an advocacy group. “You know, I’m from Brooklyn, I’d use a curse word before that 7% … can you… Source link

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Federal Reserve to begin winding down corporate bond holdings

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

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Federal Reserve Vice Chair Richard Clarida speaks with Yahoo Finance [Transcript]

Richard Clarida, vice chair of the Federal Reserve Board of Governors, spoke with Yahoo Finance to discuss inflation risks and what lies ahead for Fed policy. Below is a transcript of his appearance on May 25, 2021. – BRIAN CHEUNG: Joining us here on Yahoo Finance in an exclusive is Vice Chairman of the Federal Reserve Board that’s Richard Clarida. Thank you so much for joining us this afternoon. I wanted to ask you just kicking things off we’re going to get an interesting print on inflation… Source link

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Federal Reserve is likely to create a digital currency: Goldman Sachs

TipRanks Goldman Sachs: These 3 Stocks Are Poised to Surge by Over 100% Markets are beset by volatility, with unpredictable swings making recent sessions something of a roller coaster. The main indexes were falling sharply at the end of last week, but Friday’s release of economic data showing strong manufacturing activity provided a boost that pared back the market losses somewhat. The recent earnings season also gave reason for optimism – the S&P listed companies, collectively, reported… Source link

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Federal Reserve unmoved by single data points as inflation tilts higher

Federal Reserve officials are reiterating that single data points will not sway the central bank’s patience on its easy money policies. Inflation data on Wednesday morning showed consumer prices increasing at the fastest rates in over 10 years. But Fed Vice Chairman Richard Clarida said later in the morning that he was “surprised” by the reading but unmoved from a policy perspective. “This is one data point, as was the labor market report,” Clarida said, referencing the Source link

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Google selling users’ personal data despite promise, federal court lawsuit claims

Google is making a fortune by selling users’ personal information despite the company’s pledge that it never sells the data, a lawsuit filed this week claims. “Google promises its hundreds of millions of users that it ‘will never sell any personal information to third parties’ and ‘you get to decide how your information is used.’ These promises are false,” the lawsuit claims, quoting a 2019 New York Times op-ed by Google CEO Sundar Pichai. “In fact, Google monitors its… Source link

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Texas federal judge hears arguments for date of Google trial

WASHINGTON (Reuters) – A lawyer for 14 states led by Texas that have accused Alphabet’s Google of breaking antitrust law asked a federal judge to schedule a trial for the spring of 2022, while the search and advertising giant has asked for a trial in the fall of 2023. In a pre-trial hearing on Thursday, Mark Lanier, arguing for Texas and the other states, said the burden was on them to prove the case against Google and that they could be ready quickly. “We’re able to put focused people on… Source link

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