WASHINGTON — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. [time-brightcove not-tgx=”true”] A major concern expressed by both Fed policymakers and some economists is that higher borrowing costs aren’t having as much of an impact as economics textbooks would suggest.

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BING NEWS:
  • ASIA Markets cool off, Japan inflation on tap
    Annual core inflation in Japan is expected to fall to 2.2% in April from 2.6%, closer to the Bank of Japan's 2% goal and perhaps enough to give policymakers some breathing room after Japanese ...
    05/23/2024 - 9:47 am | View Link
  • Markets cool off, Japan inflation on tap
    A quarter point rate cut from the Fed is ... earnings 'beat' from AI and chipmaking giant Nvidia. This should fuel risk appetite, but the U.S. PMI report also showed price pressures rising rapidly.
    05/23/2024 - 6:46 am | View Link
  • Morning Bid: Nvidia Aces Fed, Tense Taiwan and UK Poll
    A look at the day ahead in U.S. and global markets from Mike Dolan Yet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday - batting ...
    05/22/2024 - 11:03 pm | View Link
  • Many Fed officials uncertain high interest rates are doing enough to crush inflation
    Some Federal Reserve officials questioned whether decades-high interest rates were sufficient to cool inflation, according to minutes released Wednesday from the central bank's policy meeting earlier ...
    05/22/2024 - 8:44 am | View Link
  • The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
    Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism? The inflation rate didn’t get any worse ...
    05/18/2024 - 12:55 am | View Link
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  • Broncos coach Sean Payton on WR Courtland Sutton’s absence extending into OTAs: “That will sort itself out”
    Denver Post, Thursday - 05/23/2024 - 05:32 PM

    Courtland Sutton’s offseason away from the Broncos continues. The veteran wide receiver was not in Denver for the first week of organized team activities. He also skipped the opening phases of the Broncos’ offseason workouts, which began in mid-April. Head coach Sean Payton on Thursday again downplayed Sutton’s absence. “Listen, there isn’t any concern and here’s why: I know Courtland well,” Payton said.

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  • Aurora police shoot, injure man wanted in Denver attempted homicide
    Denver Post, Thursday - 05/23/2024 - 05:15 PM

    Aurora police shot and injured a man suspected in an attempted homicide at a condo complex near Expo Park on Thursday. Aurora Police Department’s SWAT team was helping the Denver Police Department’s fugitive unit arrest the man suspected in a May 5 attempted homicide in Denver when an Aurora officer shot the man, Aurora Division Chief Kevin Barnes said at a news briefing Thursday. Aurora and Denver officers had tracked the man to 384 South Ironton St.

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  • New Broncos QB Zach Wilson said trade from Jets was “bittersweet,” but “a fresh start is good” after tumultuous first three seas
    Denver Post, Thursday - 05/23/2024 - 04:55 PM

    Zach Wilson’s second act has begun. The No. 2 overall pick in the 2021 draft is off and running with the Broncos and now, like the rest of his teammates, is through the first week of organized team activities. Wilson will compete for Denver’s starting job with Jarrett Stidham and first-round draft pick Bo Nix, but in his first chat with reporters since getting traded here last month, he expressed excitement about having a chance to re-set his career. “I feel like you learn the most when things don’t always go the best,” Wilson said on a sun-splashed Front Range afternoon.

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  • Gov. Jared Polis signs major school funding bill that prioritizes money for rural, low-income districts
    Denver Post, Thursday - 05/23/2024 - 03:49 PM

    Colorado Gov. Jared Polis put his signature on a sweeping school finance bill Thursday, changing the formula that funds the state’s public schools for the first time in decades and providing more than $80 million to districts in the next year. That cash influx will gradually increase over the next six years to half a billion dollars annually. “I am thrilled that today we have updated the school finance formula for the first time in 30 years, ensuring that Colorado schools and students have the resources they need to succeed,” the governor said in a statement.

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  • Gabe Landeskog’s rehab process will continue, but no timeline yet for a return: “It’s been a bumpy road”
    Denver Post, Thursday - 05/23/2024 - 01:18 PM

    Gabe Landeskog is confident he’ll return … at some point. When that will be remains very much to be determined. At one point during an end-of-season press conference sitting alongside general manager Chris MacFarland, the Colorado Avalanche captain asked when training camp for the 2024-25 season is going to start. “Between mid-September and the start of April,” Landeskog joked. Landeskog and MacFarland met with the media for nearly an hour Thursday.

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  • Officer who arrested Scottie Scheffler disciplined for not having bodycam activated
    Denver Post, Thursday - 05/23/2024 - 12:12 PM

    By DYLAN LOVAN (Associated Press) LOUISVILLE, Ky. (AP) — The Kentucky police officer who arrested top-ranked golfer Scottie Scheffler outside the PGA Championship is receiving “corrective action” for not having his body-worn camera activated when he approached the golfer’s vehicle — an interaction that allegedly resulted in the officer being dragged to the ground, authorities said Thursday. Louisville officials said during a news conference that they are not aware of any video footage of the initial interaction last Friday between Scheffler and Louisville Detective Bryan Gillis outside the gates of Valhalla Golf Club on a dark and rainy morning.

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