WASHINGTON — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before …
Search / 27 results found Showing: 1-10 of 27
A currency trader passes by screens showing the foreign exchange rates at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Nov. 23, 2022. Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S. (AP Photo/Ahn Young-joon)
People walk by monitors showing Japan's Nikkei 225 index, left, and the Japanese yen's exchange rate against the U.S. dollar at a securities firm in Tokyo, Monday, Oct. 24, 2022. Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023. That was the sobering forecast issued Tuesday Nov. 22, 2023 by the Organization for Economic Cooperation and Development. In the OECD's estimation, the world economy will grow just 3.1% this year, down sharply from a robust 5.9% in 2021. (AP Photo/Hiro Komae, File)
Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest gro…
People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Nov. 22, 2022, in Tokyo. Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown. (AP Photo/Shuji Kajiyama)
Federal prosecutors say reality TV stars Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle. The Chrisleys gained fame with their show “Chrisley Knows Best.” They were found guilty on federal charges in June and are set to be sentenced by U.S. District Judge Eleanor Ross in a hearing that begins Monday and is likely to extend into Tuesday. Federal prosecutors say they should receive lengthy prison sentences. Lawyers for Todd Chrisley are asking for a considerably lighter prison sentence, while Julie Chrisley's lawyers have asked for no prison time at all.
FILE - Todd Chrisley, left, and his wife, Julie Chrisley, pose for photos at the 52nd annual Academy of Country Music Awards on April 2, 2017, in Las Vegas. Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle, federal prosecutors said, arguing the reality television stars should receive lengthy prison sentences. They were found guilty on federal charges in June and are set to be sentenced by U.S. District Judge Eleanor Ross in a hearing that begins Monday, Nov. 21. (Photo by Jordan Strauss/Invision/AP, File)
Global stocks are mixed after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation. London and Frankfurt advanced. Shanghai and Tokyo declined. Wall Street futures were higher. Oil prices gained. A Fed official indicated its benchmark lending rate might have to be raised sharply to stop price rises. Officials have said this previously, but traders hoped signs that economic activity was weakening might prompt the U.S. central bank to ease off. Traders worry this year's large rate hikes by the Fed and central banks in Europe and Asia to stop multi-decade-high inflation might tip the global economy into recession.
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 18, 2022. Asian stocks were mixed Friday after Wall Street declined following indications the Federal Reserve might raise interest rates higher than expected to cool inflation. (AP Photo/Ahn Young-joon)