For the first time in more than a year, the Federal Reserve has left interest rates unchanged but signaled that two more rate hikes are poised to happen this year. The benchmark federal funds rate held steady at a range of 5.00 and 5.25 percent, effectively ending the streak of ten consecutive rate hikes. “Holding…
Federal Reserve Keeps Interest Rates Unchanged, Leaves Door Open to More Rate Hikes
LIVE NOW: Federal Reserve Chair Powell Holds News Conference After Release of Fed Policy
June 14, 2023
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Federal Reserve System Chair Jerome Powell holds a press conference after the release of the Fed policy decision at 2:30 p.m. ET on June 14. …
LIVE NOW: Federal Reserve Chair Powell Holds News Conference After Release of Interest Rate Policy
June 14, 2023
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Business & Marketseconomic policiesEpochTVEpochTV Livefederal policyFederal Reservejerome powellLive VideosPolicies & ImpactsUSUS NewsVideo
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Federal Reserve System Chair Jerome Powell holds a press conference after the release of the Fed policy decision at 2:30 p.m. ET on June 14. …
Federal Reserve Chair Powell Holds News Conference After Release of Interest Rate Policy
June 14, 2023
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Business & Marketseconomic policiesEpochTVEpochTV Livefederal policyFederal Reservejerome powellLive VideosPolicies & ImpactsUSUS NewsVideo
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Federal Reserve System Chair Jerome Powell holds a press conference after the release of the Fed policy decision at 2:30 p.m. ET on June 14. …
Biden Administration Asks Court to Let City Enforce Nation’s First Natural Gas Ban
June 14, 2023
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A city in California should be able to enforce the nation’s first ban on natural gas piping, President Joe Biden’s administration told a federal court this week. Berkeley’s ban on the pipes in new construction is allowed because the city was addressing a “health and safety concerns” and is therefore allowed under the Energy Policy and Conservation…
Biden Administration Asks Court to Let City Enforce Nation’s 1st Natural Gas Ban
June 14, 2023
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BerkeleyBusiness & MarketsCaliforniaeconomic policieseconomyExecutive Branchgas banNorthern CaliforniaPoliticsRegional & State NewsState NewsUSUS News
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A city in California should be able to enforce the nation’s first ban on natural gas piping, President Joe Biden’s administration told a federal court this week. Berkeley’s ban on the pipes in new construction is allowed because the city was addressing “health and safety concerns” and is therefore allowed under the Energy Policy and Conservation Act,…
IRS Banned From Buying Guns With Taxpayer Funds Under New Bill
Sen. Joni Ernst (R-Iowa) announced a bill Tuesday that would bar the Internal Revenue Service (IRS) from providing arms and ammunition to agents with taxpayer money. The measure would prohibit the federal tax agency from purchasing, receiving, or storing guns and ammunition, according to Ernst’s office. Under the bill, ammunition and firearms that are currently…
Whitehall Pledges Support for Bank of England Ahead of Interest Rate Review
The government has pledged support for the Bank of England (BoE) in its mission to curb inflation. Speaking after the publication of the latest GDP figures, Chancellor Jeremy Hunt attributed the 0.2 percent growth to the “underlying resilience in the British economy.” “Of course that’s positive but we still have a big issue with inflation….
Wall Street Subdued at Open as Investors Await Fed Decision
Wall Street’s main indexes were subdued at open on Wednesday as investors geared up for the Federal Reserve’s interest rate decision later in the day, while shares of UnitedHealth fell after the insurer warned of higher medical costs. The Dow Jones Industrial Average fell 167.42 points, or 0.49 percent, at the open to 34,044.70. The…
Binance.US Says SEC’s Temporary Restraining Order Would Destroy the Company
June 14, 2023
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Binance said that the Securities and Exchange Commission’s (SEC) move to freeze the assets of its American affiliate, Binance.US, would effectively destroy the crypto exchange. The SEC filed a temporary restraining order on June 12,to freeze Binance.US’s funds until it was able to prove that no one at the firm, including its CEO, Changpeng “CZ” Zhao, could access…
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