Bongbong Marcos set to sign revised Bulacan ecozone bill into law Salceda ; Marcos set to sign EO creating 'green lane' for strategic investments ; BIZ BUZZ: Michelin Star chef at Newport World
U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2 percent target, but their unity around that phrase masks an ongoing debate over another possible rate hike this year. “I remain willing to support raising the federal funds rate at a future meeting if the incoming data indicates that progress on inflation has stalled or is too slow to bring inflation to 2 percent in a timely way,” Fed Governor Michelle Bowman said Monday in prepared remarks ...
WASHINGTON, United States -A senior US central bank official said Tuesday that she expects another interest rate hike would be needed to lower inflation further, even as officials held rates steady at their latest meeting. The Federal Reserve’s decision last Wednesday to hold interest rates at a 22-year high has fueled hopes that policymakers may be done lifting rates. But Fed Governor Michelle Bowman said in prepared remarks in Ohio: “I continue to expect that we will need to increase the federal funds rate further to bring inflation down ...
plans to beef up broadcast operations. In a disclosure on... The remaining P70 million will be used “as needed for its business operations.” “PCMC shall use the funds to acquire...
Investors pulled about $956 million from crypto exchange Binance over the past 24 hours, market data showed, after its chief, Changpeng Zhao, stepped down and faced prison time after pleading guilty on Tuesday to settle a years-long U.S. illicit finance probe. The deal, in which Binance will pay $4.3 billion to U.S. authorities, raises questions over the future of the world’s largest crypto exchange and marks another blow for an industry beset by scandals. Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, ...
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WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends its two-day meeting Thursday afternoon, yet that uncertainty would have no effect on its decision to further reduce its benchmark rate. The Fed’s future actions, though, will become more unsettled once a new president and ...
READ: US Fed makes quarter point cut as Powell insists he would not quit ; There is a lot in Draghi’s 400-page tome for the leaders to digest before lunch. ; Besides his call for more investment to improve economic output, Draghi controversially called for common borrowing — an idea torpedoed by Germany — as well as reforming the EU’s approach to competition policy to encourage big spending.