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The typically consensus-driven Federal Reserve is looking more and more divided lately, so much so that next month’s rate-setting meeting could produce a deadlock, according to Capital Economics. After two earlier cuts, recent comments from policymakers have been leaning hawkish as inflation remains stuck above the Fed’s target, dampening hopes for more easing at the … Read more
Federal Reserve Chair Jerome Powell cautioned markets on Wednesday not to assume another rate cut is guaranteed in December, saying the Fed governors had “strongly differing” views on how to proceed amid rising inflation risks and a softening labor market. “A further reduction in the policy rate at the December meeting is not a foregone … Read more
As the entertainment industry reckons with when and how to use generative AI in filmmaking, Netflix is leaning in. In its quarterly earnings report released on Tuesday afternoon, Netflix wrote in its letter to investors that it is “very well positioned to effectively leverage ongoing advances in AI.” Netflix isn’t planning to use generative AI … Read more
NEWYou can now listen to Fox News articles! WINCHESTER, Va. – What was once the most contested city in the Confederacy is again divided — this time on the merits of the candidates in the upcoming Virginia elections. While there are no longer recurring bloody battles along “The Valley Road” (now US-11) through Winchester, residents … Read more
Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated near unanimity among participants at the Federal Open Market Committee that the central bank’s key overnight borrowing rate should be cut … Read more
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as policymakers still appear divided. In his Jackson Hole speech on Friday, Chairman Jerome Powell opened the door to a rate cut at the central bank’s meeting in September after months of … Read more
Wall Street economists disagree on what’s behind a sharp slowdown in US job growth, highlighting a divide that is central to the broader outlook for the economy. Some argue the pullback in hiring mostly reflects a smaller supply of workers, thanks in part to President Donald Trump’s immigration crackdown. Others say the slowdown is largely … Read more
The Summer I Turned Pretty‘s Jeremiah and Belly may as well be this generation’s Ross and Rachel with the way fans are fighting over whether they were actually on a break — or not — before he cheated. Jenny Han‘s hit Prime Video series, which is based on her book franchise of the same name, … Read more
The New York Stock Exchange in lower Manhattan on Nov. 24, 2020 in New York City. Spencer Platt | Getty Images News | Getty Images The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the … Read more
NEWYou can now listen to Fox News articles! Some Reddit users are calling out a beloved fast-food chain over a change in the cups for their beverages. A user on the Chick-fil-A forum on Reddit posted a photo of a paper cup in front of a takeout bag. “I’m fine with the fries change, but taking away … Read more
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