Two important events this week could determine the future of Fed rate policy
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts. U.S. News
Tag: policy
Progressives call for ceasefire: ‘Vengeance is not a foreign policy doctrine’
Progressive Reps. Cori Bush, Ayanna Pressley and Ilhan Omar call for a ceasefire in Gaza following the Hamas terrorist attack on Israel. ABC News: Top Stories
Peace Corps Sued Over Mental Health Policy
Applicants have challenged the Peace Corps practice of rescinding invitations to applicants on the basis of mental health conditions. NYT > Health
Amazon employees express dismay, anger about sudden return-to-office policy
A group of Amazon staffers spammed an internal website with comments expressing their anger over CEO Andy Jassy’s return-to-office mandate U.S. News
OPEC+ agrees to stick to its existing policy of reducing oil production ahead of Russia sanctions
Oil prices have fallen to roughly $ 87 a barrel from more than $ 120 in early June ahead of potentially disruptive sanctions on Russian oil International: Top News And Analysis
Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
Members said the July meeting likely also would see another 50 or 75 basis point move on top of a 75 basis point increase approved in June. International: Top News And Analysis
FAA will keep ‘zero tolerance’ policy toward unruly passengers, outgoing chief says
The FAA instituted the policy in January 2021 to stem a surge in unruly passenger behavior. U.S. News
In major policy change, Apple will allow developers to email customers about alternatives to App Store billing
App makers want to contact their customers directly to encourage them to pay directly and avoid Apple’s App Store fees, which range from 15% to 30% of gross sales. U.S. News
Bank of England holds policy steady, hints at inflation concerns
The Bank of England on Thursday kept its monetary policy unchanged, but vowed to monitor rising inflation as the U.K. economy emerges from its Covid-induced slump. International: Top News And Analysis
Fed’s Mester lauds jobs report but says it’s not enough to change policy
May’s job gains were “solid,” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC. U.S. News