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The Latest Breaking News from Mary Daly

Inflation pressures put Powell in spotlight before Congress

When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly 9% and showed no sign of easing

The Independent UK

Church of England to explore gender-neutral terms for God – women clergy's suggestions for replacing 'Our Father'

The Church of England has announced it will explore alternative words to describe God, after some clergy asked to use more inclusive language in services.

The Conversation

Inflation is easing, even if it may not feel that way

Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.

WEKU

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Asian stock markets mixed ahead of US inflation update

Stock markets are mixed ahead of a U.S. inflation update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes

The Independent UK

The market is watching the Fed like a hawk to see when it pivots. Too bad the Fed is split on what to do

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.

Fortune

Fed lines up another big hike while mulling eventual downshift

Federal Reserve officials are preparing to roll out another supersized interest-rate increase in early November, when they will also likely debate tactics for completing the most aggressive tightening cycle in four decades.

Tribune News Service

When your seatmate on the plane talks about the Fed, you know things aren't right

The woman next to me, who described herself as knowing "zero" about the economy, asked whether I thought the Federal Reserve would continue raising interest rates. I felt an acute sense of dread.

WEKU

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Stocks drop for sixth session as rate woes persist: Markets wrap

US stocks ended a volatile session lower after a slew of Federal Reserve officials hammered home their resolve to remain aggressive in their fight against inflation.

Tribune News Service

Domino's stock falls on ASX, while local share market won't drink 'Kool Aid' on inflation

The Australian franchisee of Domino's is being impacted by the global brand's exit from the country that made pizza famous.

ABC News

Daly says Fed is ‘far from done yet’ on bringing inflation down

San Francisco Fed President Mary Daly suggested a 50 basis-point rate increase isn’t locked in at the U.S. central bank’s next policy meeting, saying the Federal Reserve is “far from done yet” in bringing down inflation.

Tribune News Service

Fed leaders pledge tough fight to keep inflation credibility

WASHINGTON— Federal Reserve leaders pledged the central bank would continue an aggressive fight to cool an inflation rate that’s at a four-decade high, even if higher rates cause the risk of recession.

Tribune News Service

Bitcoin, Ethereum, Dogecoin Crash: Analyst Says This Is When Crypto Can Decouple From Wall Street

Bitcoin, Ethereum and other major coins plunged on Wednesday evening as the global cryptocurrency market cap dropped 5.7% to $1.2 trillion at press time.

Benzinga

The last phone boxes: broken glass, cider cans and – amazingly – a dial tone

The long read: Five million payphone calls are still made each year in the UK. Who is making them – and why?

The Guardian - UK

Fed casting its inflation fight as battle against inequality

As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality

The Independent UK

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Benzinga

Bitcoin, Ethereum Subdued, Dogecoin Emerges As Top Gainer: What's Putting Pressure On Apex Coin?

Bitcoin and Ethereum declined Tuesday evening, while Dogecoin emerged as the top intraday gainer, as the global cryptocurrency market cap fell 3% to $2.1 trillion.

Benzinga

Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The Johnson Redbook Retail Sales Index for the latest week will be released at 8:55 a.m. ET. Federal Reserve Bank of San Francisco President Mary Daly is set to speak at…

The Independent UK

Fed officials agree on a March rate hike but little else

A worsening inflation picture has touched off a range of opinions from the Federal Reserve’s policymakers about just how fast they should raise interest rates beginning at their next meeting in March

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