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Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t begin lowering interest rates until it sees further progress on inflation returning to its 2% target. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” the Fed said in its policy statement. Fed chair Jerome Powell at his Wednesday… Source link

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Patrick Mahomes leaves game with ankle injury as Chiefs try to get past Jaguars

Patrick Mahomes leaves game with ankle injury as Chiefs try to get past Jaguars

Patrick Mahomes and the Kansas City Chiefs yet again have home-field advantage in the AFC playoffs. They start their quest to win a second Super Bowl together against the Jacksonville Jaguars in the divisional round. Will the Chiefs move one step closer even after Mahomes injured his ankle in the first quarter and left the game? Or will Trevor Lawrence and the Jaguars pull a major upset? Follow all the action from Arrowhead Stadium live with Yahoo Sports. Source link

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Russell Gage leaves Cowboys-Bucs game to hospital after frightening blow to head, neck

Russell Gage leaves Cowboys-Bucs game to hospital after frightening blow to head, neck

Russell Gage left Monday’s game on a backboard and was transported to a hospital. (Mike Ehrmann/Getty Images) Tampa Bay Buccaneers receiver Russell Gage left Monday’s playoff game against the Dallas Cowboys on a backboard after a frightening injury late in the game. He was taken to a local hospital to be evaluated for a concussion and neck injury. Cowboys safety Donovan Wilson made contact with Gage’s head after an incomplete pass late in the fourth quarter of an NFC wild-card game. Gage fell… Source link

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A tense all-hands meeting at Google leaves employees worried about layoffs

A tense all-hands meeting at Google leaves employees worried about layoffs

It’s Monday, and you know what that means? After today, there are only two more Mondays left in 2022. This is Matt Weinberger, Insider’s deputy editor of tech analysis, filling in once again for Jordan Parker Erb. She’ll be back in time to write tomorrow’s edition, so never fear. Last week was a big week for news, in a year that’s been full of big weeks for news — the FTC is suing to block Microsoft’s acquisition of video-game giant Activision Blizzard, Meta employees were reportedly Source link

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Kudrin leaves public office to take top role at new look Yandex — The Bell — Eng

Kudrin leaves public office to take top role at new look Yandex — The Bell — Eng

Former Finance Minister Aleksei Kudrin, once a leading liberal in President Vladimir Putin’s inner circle, is leaving public service to go into business. He is set to take charge of Yandex, Russia’s leading IT company. The transformation of a senior official into a businessman appears to be one of those common attempts to convert political capital into money. However, for Kudrin, it is also a chance to distance himself from the Kremlin and the war. At a closed-doors meeting last week,… Source link

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Fed’s Bullard Leaves Open Possibility of Larger December Hike

Fed’s Bullard Leaves Open Possibility of Larger December Hike

(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard left open the possibility that the central bank would raise interest rates by 75 basis points at each of its next two meetings in November and December, while saying it was too soon to make that call. Most Read from Bloomberg The Fed hiked rates by 75 basis points for the third straight meeting last month, to a target range of 3% to 3.25%. Officials projected 125 basis points of tightening for the rest of the year,… Source link

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Alabama QB Bryce Young leaves game vs. Arkansas with apparent shoulder injury

Alabama QB Bryce Young leaves game vs. Arkansas with apparent shoulder injury

Alabama QB Bryce Young left the Crimson Tide’s game against Arkansas in the second quarter with a shoulder injury after a third-down throw. The reigning Heisman winner wasn’t hit at all on the play as he fired an incomplete pass over the middle to Traeshon Holden. Young’s right throwing arm immediately dangled at his side and he grimaced after the throw. He pointed to his right shoulder when he looked at coach Nick Saban as he walked off the field and threw his helmet down in disgust… Source link

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