By ALEX VEIGA and STAN CHOE Published March 20, 2019 Energy Associated Press Facebook Twitter Comments Print Image 1 of 2 ▼ A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, March 20, 2019. The Federal Reserve is leaving its key interest rate unchanged and projecting no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. (AP Photo/Richard Drew) Banks led U.S. stocks mostly lower Wednesday after a brief rally sparked by the Federal Reserve's latest policy update faded. The real action centered in the bond market, where prices rose sharply, pulling Treasury yields down to the lowest levels they've seen in more than a year. Continue Reading Below The central bank said it has ruled out interest rate increases this year and issued a dimmer outlook on the U.S. economy. That triggered one of the biggest slides for Treasury yields in … [Read more...] about Fed news sends bond yields sharply lower; US stocks mixed
Fed rate hike march 2017
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth. The tame inflation environment and moderating economic activity support the Federal Reserve's decision last month to suspend its three-year campaign to raise interest rates. The U.S. central bank dropped projections for any rate hikes this year after lifting borrowing costs four times in 2018. The Labour Department said on Wednesday its Consumer Price Index rose 0.4 percent, boosted by increases in the costs of food, gasoline and rents. That was the biggest advance since January 2018 and followed a 0.2 percent gain in February. In the 12 months through March, the CPI increased 1.9 percent. The CPI gained 1.5 percent in February, which was the smallest rise since September 2016. Economists polled by Reuters had forecast the CPI climbing 0.3 percent in March and … [Read more...] about Rising gasoline, rents boost U.S. consumer prices in March
The gunman in the Las Vegas mass shooting was armed with 23 AR-style weapons, 14 of them fitted with "bump stocks" that allowed them to mimic fully automatic fire. The devices were little-known before they were used in the Oct. 1 rampage, the deadliest mass shooting in modern U.S. history. And in the immediate aftermath, there were calls from a wide spectrum of lawmakers and advocates on firearms issues to have them banned. Here's what has happened with the devices since the attack that left 58 dead: LEGISLATIVE ACTION Audio released by MGM Resorts shows the moment a Mandalay Bay Hotel engineer was shot at by Stephen Paddock, just minutes before Paddock gunned down 58 people and wounded hundreds of other people during the 91 Route Harvest music festival in Las Vegas, Nevada. (Published Wednesday, Oct. 11, 2017) Most notably, President Donald Trump vowed to ban the devices, which attach to the stock end of an AR-style firearm, greatly increasing the rate of fire so it mimics … [Read more...] about What’s Happened With Bump Stocks Since the Las Vegas Attack?
SECTIONS Search E-edition Home Customer Service Site Information Contact Us About Us Herald Store RSS Feeds Special Sections Advertise Advertise with Us Media Kit Mobile Mobile Apps & eReaders Newsletters Social Facebook Twitter Google+ Instagram YouTube News Sections News South Florida Miami-Dade Broward Florida Keys Florida Politics Weird News Weather National & World Colombia National World Americas Cuba Guantánamo Haiti Venezuela Local Issues Crime Education Environment Health Care In Depth Issues & Ideas Traffic Sports Sections Sports Blogs & Columnists Pro & College Miami Dolphins Miami Heat Miami Marlins Florida Panthers College Sports University of Miami Florida International University of Florida Florida State University … [Read more...] about Two mystery parties try to restrict release of documents in Jeffrey Epstein civil suit
Published June 19, 2019 Features Associated Press Facebook Twitter Comments Print Image 1 of 2 ▼ Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, June 19, 2019. (AP Photo/Manuel Balce Ceneta) The Latest on the Federal Reserve's monetary policy meeting (all times local): Continue Reading Below 2:55 p.m. Federal Reserve Chairman Jerome Powell says he would serve his full-term as head of the U.S. central bank even if President Donald Trump tries to demote him. Powell tells reporters at a Wednesday news conference, "The law is clear that I have a four-year term and I full intend to serve it." Trump has been displeased with Powell after the Fed hiked rates four times in 2018, saying the upward moves had stifled growth and the benefits of his tax cuts. The Fed raised rates in accordance with its dual mandate to keep prices stable and … [Read more...] about The Latest: Fed chair won’t step down if Trump demotes him