Federal Reserve Chair Jerome Powell set the table for a 50-basis point rate hike at the Fed’s December policy meeting, saying in a speech on Wednesday it makes sense to “moderate” rate hikes as the Fed approaches its estimated peak in benchmark interest rates. “It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” Powell said in a speech at the Brookings Institution in Washington. “The time for… Source link
Read More »Yandex NV (YNDX) falls 0.54% on Moderate Volume August 25
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Read More »Yandex NV (YNDX) falls 0.21% on Moderate Volume August 20
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Read More »Pelosi reportedly declares election a ‘big win’ for Democrats. Moderate Democrat profanely disagrees.
Democrats gathered on a Thursday call to discuss the results of the 2020 election, and at least one lawmaker reportedly bluntly made her disappointment known. Rep. Abigail Spanberger (D-Va.) on a Democratic caucus call on Thursday afternoon reportedly went off on what she described as House Democrats’ “failure” in this year’s election, ABC News’ Ben Siegel reports. Democrats are expected to maintain their House majority, but after the election, the party will “likely have fewer seats in… Source link
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