Federal Reserve Bank of Richmond President Thomas Barkin said that moderating employment last month was a welcome indication of a normalization of the labor market but that his view on whether to raise rates again will depend more on inflation reports. “What we saw today was data that showed a gradual lessening of the job market,” Barkin said in a CNBC interview Friday. “I think that’s what those who would like to not see another rate hike would want to see. We’ll see what inflation comes in.” The US central...

If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire...

If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire...

For the second consecutive meeting, the Federal Reserve has decided to hold interest rates constant. Just as it did in 2021, the Fed’s monetary policy is shockingly irresponsible. Despite inflation increasing from 3% to 3.7% from June to September, the Fed reasoned that interest rates were high enough. Some in the investment community believed the Fed might lower interest rates. That would have been more than shockingly irresponsible. __________ Already, inflation is becoming embedded in the economy, mostly because the Fed eased up far too soon. __________ In 2021, the...

Many mortgage-holders are yet to experience the impact of the bank’s two-year long cycle of interest rate hikes, paused in September. The official bank base interest rate in the UK has remained at 5.25 percent, following a vote by the Bank of England (BoE). The BoE’s September decision to hold the interest rate broke a spell of 14 consecutive rises in almost two years. With the bank rate holding now for two months, borrowers will enjoy some relief amid financial insecurity brought on by high-interest rates and historically high inflation....

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The Federal Reserve announced another pause on interest rate hikes during its November meeting on Wednesday, leaving the federal funds rate at a 22-year high of 5.25% to 5.5%. In a statement, the central bank reaffirmed its commitment to bring inflation to a 2% target rate, and it would continue to assess economic indicators to determine if additional rate hikes are warranted. The Fed cited moderating but still strong employment figures, the low unemployment rate, and still too-high inflation as recent indicators that suggest that economic activity expanded at a...