Don’t sweat the prospect of no Fed rate cuts, economist says

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Markets will continue to rally even if the Federal Reserve chooses not to cut interest rates this year, according to Steven … Read more

sri lanka economy growth: Sri Lankan economy records 4.5% growth in fourth quarter of 2023: Central Bank

After six successive quarters of negative growth, Sri Lanka’s bankrupt economy is estimated to have recorded a growth of 4.5 per cent year-on-year in the fourth quarter of 2023, the Central Bank announced here on Tuesday. It was only during the third quarter of 2023 that the economy recorded positive growth after six successive quarters … Read more

Golden Gate Bridge district board approves toll hikes

The price to cross the Golden Gate Bridge is set to bump up 50 cents on July 1, bringing the rate for two-axle vehicles to $10.25. Tolls for FasTrak customers, who make up the majority of bridge motorists, will be $9.25. For drivers who have a “pay as you go” account, which includes drivers who … Read more

Lawmakers poised to ban occupancy limits in Colorado cities

Colorado lawmakers are poised to ban occupancy limits in cities and towns across the state, clearing the way for more roommates to live together as part of Democrats’ push to reform local zoning regulations and address the state’s housing crisis. Roughly two dozen cities and towns in Colorado have the type of occupancy limits that … Read more

Immigration is boosting the U.S. economy and has been ‘underestimated’

U.S. commuters. Caroline Purser | The Image Bank | Getty Images The recent surge in immigration into the U.S. is helping to bolster the economy despite a raft of global challenges, according to Joyce Chang, chair of global research at JPMorgan. The U.S. Federal Reserve on Wednesday raised its U.S. GDP growth projection to 2.1% … Read more

Turkey central bank raises interest rate to 50%

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on Thursday raised its key interest rate, the one-week repurchase rate, from 45% to 50%, citing the continuing need to counter climbing inflation in the country. … Read more

Vanguard doesn’t believe the Fed will cut interest rates this year

Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024. The Fed on Wednesday left interest rates unchanged for the fifth consecutive time, as expected, keeping its benchmark overnight borrowing rate in a … Read more

The Fed holds interest rates steady. What that means for your money

The Federal Reserve announced Wednesday it will leave interest rates unchanged, delaying the possibility of rate cuts as well as any relief from sky-high borrowing costs. Overall, expectations that the Fed is pulling off a soft landing have increased, but that offers little consolation for Americans with high-interest debt. And now there may be fewer interest rate … Read more

Fed meeting March 2024:

The Federal Reserve on Wednesday held interest rates steady as expected but signaled that it still plans multiple cuts before the end of the year.   Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate in a range between 5.25%-5.5%, where it … Read more

Biden admin is expanding an effort to track supply chain in real time

The Biden administration is expanding a freight data partnership with major U.S. companies to track the movement of goods in real time. On Wednesday, the Department of Transportation is announcing that its digital platform for supply chain monitoring, Freight Logistics Optimizations Works (FLOW), is being expanded to capture and publish data on inland freight ports, … Read more