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☆ I shopped at Trader Joe's daily until Aldi won me over. I finally understand why people love the chain so much.
▼ + stars: | 2024-04-24 | by ( Kate Collins | ) www.businessinsider.com time to read: +4 min

Read previewBefore I shopped at Trader Joe's, I was never loyal to any one grocery store. That's why when I worked near Trader Joe's, I stopped there daily. I also began to notice how long the Aldi produce he bought lasted in our fridge. It didn't feel cramped like Trader Joe's, which made browsing easier. Just like the seasonal items that stoke Trader Joe's fandom, Aldi's Finds are ever-changing and quirky.

Persons: —, Joe's, I'd, Adam McCullough, Shutterstock, Aldi's, I've Organizations: Service, Business, Aldi, stoke Locations: Aldi

PARKLAND, Fla. (AP) — Vice President Kamala Harris on Saturday is expected to tour the blood-stained classroom building where the 2018 Parkland high school massacre happened, accompanied by some victims' family members who are pushing for stricter gun laws and improved school safety. When Harris goes inside, she will see bullet-pocked walls and floors still covered in dried blood and broken glass. Schachter said while there is disagreement over gun laws, school safety brings the sides together. During Harris' visit, the White House says, she will announce a program to provide technical assistance and training to Florida and the other 20 states that have similar “red flag laws." Even officials who don't support stronger gun laws learn from the tours, leading to better discussions, Moskowitz said.

Persons: Kamala Harris, Harris, Marjory Stoneman, Miguel Cardona, wilted, Nikolas Cruz, ”, Jared Moskowitz, Stoneman Douglas, Joe Biden, Linda Beigel Schulman, Scott Beigel, Beigel Schulman, ” Max Schachter, Alex, Schachter, ” Schachter, Cruz, Scot Peterson, Moskowitz Organizations: —, Marjory Stoneman Douglas High School, Democratic U.S . Rep Locations: Fla, Parkland, Utah, Florida, Broward County

☆ Christchurch mosque shootings: A survivor grapples with trauma five years later
▼ + stars: | 2024-03-15 | by ( Alaa Elassar | ) edition.cnn.com time to read: +12 min

Christchurch, New Zealand – CNN —Sitting side by side in the mosque’s meeting room, Temel Ataçocuğu and Imam Gamal Fouda hunch over in laughter. But today, the two have agreed to meet at the mosque and catch up on five years’ worth of personal news. But behind his home, a modest townhouse on a quiet street in central Christchurch, he’s found purpose in the flowers, succulents, fruits and vegetables he’s planted. After the shooting, Ataçocuğu was hospitalized for over a month and feared he would never play again. Here, Ataçocuğu is known as a funny, warmhearted and competitive striker, not just a survivor of the Christchurch mosque shootings.

Persons: Temel Ataçocuğu, Gamal Fouda, ”, Fouda, Ataçocuğu, Imam Gamal Fouda, Vincent Thian, “, ” Fouda, ” Ataçocuğu, –, Don’t, he’s, Alaa Elassar, can’t, It’ll, It’s, Ataçocuğu’s, Adem, Sami, fatherless, Melis, Allah, Mucad Ibrahim –, Mark Baker, He’s, ” Sami Organizations: New Zealand, CNN, Linwood Islamic, Halswell, ” Locations: Christchurch, New, Al Noor, Christchurch , New Zealand, Linwood, Linwood Islamic Centre, Alaa

☆ The 5 red flags steak-house owners look for when dining at a high-end steak house
▼ + stars: | 2024-03-05 | by ( Rachel Askinasi | ) www.businessinsider.com time to read: +6 min

AdvertisementA good steak house shouldn't be inexpensive or easy to bookMeat is expensive to source, Michael said, and the restaurant's price range should reflect that. A good steak house shouldn't be too easy to book for a Friday night. Acrylic Asylum Art/Getty ImagesThere should be transparency in meat sourcingBoth brothers told BI that at a luxury steak house, you should be able to get the story behind what you're eating. A dull knife can take away from diners' overall experience, he said, which is the main reason to go to a steak house to begin with. "There's nothing worse than being in a high-end, high-check-average steak house and you're handed a dull knife," he told BI.

Persons: —, Bryan, Michael Voltaggio, That's, Michael said, Michael, that's, there's, it's, Dixie, I'm Organizations: Service, Voltaggio, telltale, Business, Food, Washington Locations: Food

☆ When Hot Bacon Meets Sliced Brussels Sprouts, Salad Happens
▼ + stars: | 2024-02-28 | by ( Melissa Clark | More About Melissa Clark | ) www.nytimes.com time to read: +1 min

The first time I heard a friend praising “wilted salad,” the memories came flooding back. I could picture that half-full bowl of droopy, oil-slicked greens sitting in the fridge, leftover from the night before. When I was growing up, my mother hated the idea of wasting food so much that she saved uneaten salad for breakfast the next day, often topping it with a fried egg. My sister and I thought my mother’s breakfast salad looked unappetizing, to say the least. Except my friend was extolling a completely different wilted salad.

Persons: “

☆ A Pocket Full of Pumpkin Flavor
▼ + stars: | 2023-11-09 | by ( Christina Morales | More About Christina Morales | ) www.nytimes.com time to read: +1 min

On Thanksgiving, the Houston restaurateur Sylvia Casares serves at least three dozen for dessert at her family celebrations. The recipe is from her grandmother Sarita Casares, who was born and raised in the late 1800s in the border town Reynosa, Mexico. Ms. Casares has tweaked the formula, sprinkling cinnamon sugar on top to give the empanadas a sheen. “During Thanksgiving, I’ll have a pumpkin pie, but the empanadas are definitely the star of the show,” said Ms. Casares, the author of “The Enchilada Queen Cookbook: Enchiladas, Fajitas, Tamales, and More Classic Recipes from Texas-Mexico Border Kitchens.”Empanadas have been around since at least 250 B.C. They made their way to Spain, and followed the Spaniards to Latin America, said Sandra Gutierrez, the author of several cookbooks including “Empanadas: The Hand-Held Pies of Latin America.”

Persons: ”, Marquez, Bueno, Sylvia Casares, Sarita Casares, Casares, Sandra Gutierrez Locations: Highlands, Colo, “, Reynosa, Mexico, Texas, Spain, Latin America, America

☆ Rockets visit Spurs as both teams hit reset
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

October 26 - The San Antonio Spurs and Houston Rockets will look to put opening-night disappointments in the rear-view mirror when the Lone Star State rivals meet on Friday in the Alamo City. San Antonio and Houston tied for the worst record (22-60) in the Western Conference last season. A back-and-forth final period featured five ties before a pair of free throws by San Antonio's Devin Vassell with 2:09 to play gave San Antonio a short-lived advantage. Fred VanVleet and Dillon Brooks hit for 14 points apiece in their Houston debuts while Alperen Sengun posted 14 points, eight rebounds and six assists for the Rockets. "This was the worst game we've played collectively and individually."

Persons: Antonio's Devin Vassell, San Antonio, Kyrie Irving, Victor Wembanyama, Wembanyama, We're, Tim Duncan, Duncan, Vassell, Keldon Johnson, Tre Jones, Zach Collins, Jeremy Sochan, Fred VanVleet, Dillon Brooks, Alperen Sengun, Houston, Jabari Smith, Ime Udoka, Udoka, we've Organizations: San Antonio Spurs, Houston Rockets, Lone Star State, Spurs, Dallas, Houston, Western Conference, San, Mavericks, NBA, Rockets, Orlando, Thomson Locations: Alamo, Orlando, Antonio, France

☆ From a Floating Home in Portland to a Hilly Perch in Los Angeles. Which House Was Right?
▼ + stars: | 2023-10-05 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +2 min

And they missed their two adult children, who lived nearly 1,000 miles away, in Los Angeles. Email: thehunt@nytimes.com]“It was a little bit terrifying, especially seeing things close in a few days for $100,000 or $200,000 more” than the asking price, said Ms. Banker, 70. But earlier this year, when a friend expressed interest in the floating house, the Bankers took it as a sign and decided to sell. After the parties reached an agreement for the house and the slip on the river, settling at $737,000, the Los Angeles hunt kicked into high gear. “When you think of Los Angeles, most people think, ‘Oh, highways and traffic,’ but it has these darling neighborhoods,” Ms. Banker said.

Persons: Dawn, Gary Banker, Hayden, ”, Banker, Ms, —, Maura Barraza, Barraza Organizations: Bankers, Pinnacle Estate Locations: Portland ,, Columbia, Los Angeles, Echo, Los, Portland

Sept 19 (Reuters) - Bitcoin isn't the only asset experiencing a late summer slump. It has shrunk by almost a tenth this year, standing at $124.4 billion as of Sept. 14. A jump in the dollar index on interest rate hikes last year was accompanied by a big rise in stablecoin volumes, he added. Yet all is not equal: Dollar-pegged Tether, the biggest stablecoin, is bucking the losing trend. Reporting by Hannah Lang in Washington; Editing by Michelle Price and Pravin CharOur Standards: The Thomson Reuters Trust Principles.

Persons: James Butterfill, CoinGecko, Paolo Ardoino, Paxos, USDC, TerraUSD, Dante Disparte, it's, Hannah Lang, Michelle Price Organizations: U.S ., New York Department of Financial Services, U.S, Silicon, Bank —, Thomson, Reuters Locations: South America, Central Asia, U.S, Washington

Florida State, Miami and Florida were all ranked in The Associated Press college football poll on Sunday. 1 Georgia (3-0)Next: vs. UAB, Saturday. 4 Florida State (3-0)Next: at Clemson, Saturday. 7 Penn State (3-0)Next: vs. No. 21 Washington State (3-0)Next: vs. No.

Persons: Billy Napier, Charlotte, Mike Bobo's, we're, Xavier Worthy, Jonathon Brooks, Jerrin Thompson, Jordan Travis, DE Chop Robinson, Sam Hartman, Audric Estime, Quinshon Judkins, Duke, Travis Hunter, Thomas Gore, Leonard Taylor, Cameron Ward, Dante Moore, Joe Milton, Hendon Hooker, Kaleb Johnson, Billy Napier's, Ralph D, Russo Organizations: Florida State, Associated Press, Seminoles, Hurricanes, Gators, Tennessee, Florida, SEC, Kentucky, Vanderbilt, Georgia Tech, Atlantic Coast Conference, Carolina, Clemson, LSU, ACC, UAB, South, Rutgers, Big, Baylor, Arizona State, Ohio State, Notre Dame, Penn State, DE, Washington, Audric, UCLA, Mississippi State, USF, Oregon State, Washington State, Quinshon, Cincinnati, Iowa State, OU, Pittsburgh, Power, App State, UConn, Devils, Colorado State, Miami, UTSA, Hendon, Vols, Charlotte, Volunteers, AP Locations: Miami, Florida, South Carolina, Georgia, Temple, Tallahassee, Michigan, Texas, Wyoming, California, Kentucky, Iowa, Oregon, Colorado, Utah, . Arkansas, Mississippi, Alabama, Oklahoma, Cincinnati, Carolina, Salt Lake City, Tennessee, Louisiana, Lafayette

☆ Analysis-China's economic gloom hangs over Japan's long-awaited recovery
▼ + stars: | 2023-09-06 | by ( Tetsushi Kajimoto | Leika Kihara | ) www.reuters.com time to read: +5 min

TOKYO (Reuters) - Policymakers in Tokyo believe China’s deepening economic woes could hit Japan’s fragile recovery, especially if Beijing fails to shore up demand with meaningful stimulus, potentially delaying an exit from ultra-loose monetary policy. China is Japan’s largest trading partner, accounting for 20% of its exports, having replaced the United States in 2020. “Exports to China had already been weak and headwinds to inbound tourism are clearly bad for Japan’s economy,” said Toru Suehiro, chief economist at Daiwa Securities. Firms also promised wage hikes unseen in three decades this year, heightening the case for a retreat from decades of ultra-loose monetary policy. The darkening outlook for Japan’s recovery may push back the timing of a BOJ policy shift.

Persons: Marko Djurica, Kazuo Ueda’s, ”, Hiroyuki Ogawa, Ogawa, Takeshi Niinami, Toru Suehiro, Ueda, Toyoaki Nakamura, “, Seisaku Kameda Organizations: REUTERS, Bank of Japan’s, Reuters, Japan, Komatsu Ltd, Komatsu, Suntory Holdings, Daiwa Securities, Japan’s Sompo Holdings Locations: TOKYO, Tokyo, Beijing, Japan, United States, China

In a sign of growing pessimism over China, the government also said its monthly economic report for August that "concern over China's outlook" was among risks to Japan's recovery. "Exports to China had already been weak and headwinds to inbound tourism are clearly bad for Japan's economy," said Toru Suehiro, chief economist at Daiwa Securities. "All in all, it's hard to justify tightening monetary policy any time soon." Firms also promised wage hikes unseen in three decades this year, heightening the case for a retreat from decades of ultra-loose monetary policy. The darkening outlook for Japan's recovery may push back the timing of a BOJ policy shift.

Persons: Marko Djurica, Kazuo Ueda's, Hiroyuki Ogawa, Ogawa, Takeshi Niinami, Toru Suehiro, Ueda, Toyoaki Nakamura, Seisaku Kameda, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Bank of Japan's, Reuters, Japan, Komatsu Ltd, Komatsu, Suntory Holdings, Daiwa Securities, Japan's Sompo Holdings, Thomson Locations: Tokyo, Japan, China, TOKYO, Beijing, United States

☆ Is Japan the Best Team Left in the World Cup?
▼ + stars: | 2023-08-10 | by ( Jeré Longman | More About Jeré Longman | ) www.nytimes.com time to read: +1 min

Having wilted after winning the 2011 World Cup in a penalty kick shootout against the United States, Japan has bloomed anew with versatility to play the possession style of short passes known as tiki-taka or to launch searing counterattacks. After a blistering 4-0 loss to Japan during group play, Spain Coach Jorge Vilda said that his team’s defeat had been psychic as well as numerical. “They’re so disciplined and very structured in the way they play offense and defense,” Hansen said. Sweden has scored four of its nine goals on corner kicks, a total that nearly grew last Sunday as it packed the six-yard box against the United States like a crowded elevator. But the Swedes could not manage a goal in 90 minutes of regulation and 30 minutes of overtime before subduing the Americans, finally and microscopically, on penalty kicks.

Persons: Jorge Vilda, ” Vilda, Caroline Graham Hansen, “, ” Hansen, Zecira Musovic, Jonna Andersson, Trinity Rodman, Lynn Williams Organizations: Japan, Norway, Champions League, Barcelona Locations: United States, Japan, Spain, Norwegian, Sweden

☆ Extreme heat is the deadliest natural disaster. FEMA can’t treat it like one
▼ + stars: | 2023-08-08 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

CNN —Extreme heat is far deadlier than other natural disasters, killing on average more than twice as many people each year as hurricanes and tornadoes combined, according to data tracked by the National Weather Service. Phoenix Mayor Kate Gallego recently told Biden the city’s extreme heat is a “long-term emergency.” But it can’t get FEMA federal assistance unless Congress amends the Stafford Act – something some Western lawmakers are pushing for. “Just because we don’t necessarily have the authorities right now in the Stafford Act, that doesn’t mean we’re sitting idly by,” Criswell said. “Right now, FEMA doesn’t treat extreme heat in the same way as it does other disasters because it can’t,” Juanita Constible, senior climate and health advocate for the Natural Resources Defense Council, told CNN. “Adding it to that official list from Congress would clarify FEMA’s role in addressing heat,” Keith said.

Persons: Joe Biden, Kate Gallego, Biden, Ladd Keith, Deanne Criswell, ” Criswell, ” Juanita Constible, Gallego, Stafford, “, ” Gallego, –, Ruben Gallego, hasn’t, ” Keith, Keith, Constible, ” Constible, there’s, ” Organizations: CNN, National Weather Service, Federal Emergency Management Agency, FEMA, Phoenix, University of Arizona, “, Washington Post, Natural Resources Defense Council, Democratic Rep, Rep, Department of Labor Locations: Stafford, Chicago, Pacific, Ruben Gallego of Arizona, Arizona, Maricopa County, Phoenix, San Antonio

☆ Cheika bemoans "step back" for Argentina in Springbok loss
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Aug 6 (Reuters) - Argentina battled at the breakdown in their 23-14 Rugby World Cup warm-up loss to South Africa in Buenos Aires on Saturday as coach Michael Cheika described the defeat as a "step back" in their preparations for the tournament in France. Cheika’s side led 10-3 at halftime against a much-changed Springbok team packed with fringe players seeking to confirm a place in South Africa’s World Cup squad that will be announced on Tuesday. Cheika hopes the performance will be a wake-up call to his side, who start their World Cup campaign with a crunch pool clash against England in Marseille on Sept. 9. If we want to achieve excellence, we need to be able to overcome difficult situations, because in two games we will be at the World Cup. Since we played well last week (in a 22-21 loss to South Africa in Johannesburg), we were complacent.

Persons: Michael Cheika, Cheika, Nick Said, Simon Cameron, Moore Organizations: Springbok, England, Spain, Thomson Locations: Argentina, South Africa, Buenos Aires, France, South, Marseille, Johannesburg, Madrid

☆ Yushi Li’s dream-like photo challenges notions of the male gaze
▼ + stars: | 2023-08-04 | by ( Stephy Chung | ) edition.cnn.com time to read: +5 min

Despite Chinese photographer Yushi Li’s gentle staging, her title for the photograph, “The Smothering Dream,” suggests something more sinister is at play. Although a canon of male nudes does exist, it largely comprises images shot by gay male photographers. When Li began the series in 2017, she noticed a lack of images depicting naked men as objects of desire from a woman’s perspective. She brings these ideas into “Paintings, Dreams and Love,” an ongoing project to which “The Smothering Dream” belongs. “There’s also the gaze from the algorithm, and the gaze from the screen that reflects yourself when you look at it… the internet (means) we’re subjected to the gaze more, in a way.”

Persons: Yushi, Lawrence Alma, “, ”, gazes, Li, Henry Fuseli’s, Yushi Li, Titian’s, Diana, reinterpretations, There’s Organizations: CNN, Shanghai Locations: London, China’s Hunan, Swiss

☆ Jude Bellingham: Real Madrid agrees $110m deal to sign Borussia Dortmund star
▼ + stars: | 2023-06-08 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Real Madrid has agreed a deal to sign football star Jude Bellingham, the Englishman’s club Borussia Dortmund announced on Wednesday. According to a statement from the German club, Real Madrid will pay €103 million ($110.4m) to acquire the 19-year-old, as well as additional fees. Bellingham will need to complete a medical before sealing the move. The midfielder quickly impressed playing for the Bundesliga club, his maturity and leadership qualities at a young age shining through. I’m sure he’s going to be the best midfielder in the world.”Multiple teams have reportedly been interested in acquiring Bellingham’s signature this summer but after Liverpool dropped out of the race to sign him, Real Madrid seemed the likeliest of destinations.

Persons: Jude Bellingham, ” Bellingham, –, Edin Terzić, Gareth Southgate’s, Bellingham, “, I’ve, ”, Phil Foden, Luka Modrić, Toni Kroos, Tchouaméni, Eduardo Camavinga, Federico Valverde Organizations: CNN — Real, Borussia Dortmund, Real Madrid, ”, Dortmund, Birmingham City, Bundesliga, Gareth Southgate’s England national, ITV, Liverpool, La Liga, Casemiro, Manchester United Locations: CNN — Real Madrid, Bellingham, ” Dortmund, Germany, England, Real Madrid, Spanish

☆ Sterling slips after survey data shows house building slump
▼ + stars: | 2023-06-06 | by ( Harry Robertson | ) www.reuters.com time to read: +1 min

LONDON, June 6 (Reuters) - The pound slipped on Tuesday as data showed that British house building wilted in May and the dollar found a footing. The survey data showed house building in Britain fell at its fastest pace since May 2020 last month as construction companies struggled with rising interest rates. Yet the headline concealed divergence within the construction sector, with commercial and civil engineering activity rising but house building suffering. Turner said this could lead to the Bank of England (BoE) raising interest rates by less than markets expect. Traders currently envisage rates rising to around 5.4% later this year, from 4.5% currently.

Persons: Sterling, Chris Turner, Turner, BoE, Harry Robertson, Mark Potter Organizations: ING, Bank of England, Traders, Thomson Locations: Britain

Refinitiv data shows foreigners sold $1.71 billion worth of mainland shares this month via Stock Connect, a key cross-border link between the mainland and Hong Kong exchanges, after selling $659 million in April. Despite outflows in February, April and May, foreigners' net purchases of mainland shares still stood at $25.05 billion for the first five months of this year, compared with net buying of about $6.36 billion worth over the whole of 2022. "Foreigners seem to have been selling because of the underwhelming near-term economic data points and, perhaps, because of the opportunities available to investors with a broader (pan-Asia or global) mandate," Pershad said. "We presume other investors have re-allocated some capital from China to those markets (and others) this year." Reporting By Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Vidya Ranganathan & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Pruksa Iamthongthong, Refinitiv, Alexander Davey, Vikas Pershad, Pershad, Patturaja Murugaboopathy, Gaurav Dogra, Vidya Ranganathan, Simon Cameron, Moore Organizations: Stock Connect, Reuters, National Bureau of Statistics, P Global, PMI, Morningstar, Allianz All China Equity WT, HK, HSBC Asset Management, U.S . Federal Reserve, G Investments, Thomson Locations: Hong Kong, China, Morningstar ,, Taiwan, Shanghai, Asia, Bengaluru

☆ Sabalenka powers into French second round in win marred by jeers
▼ + stars: | 2023-05-28 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

Sabalenka, who appeared to sarcastically bow to the crowd following the win, said she initially thought the boos were aimed at her. "It was a very tough match, I mean tough emotionally. I'm sorry guys, I didn't get it at first, I thought this booing was against me so I was a little surprised," she said. The Belarusian raised her level again late in the match to save two breakpoints and close out the victory in 71 minutes. Reporting by Shrivathsa Sridhar in Paris, editing by Ed Osmond and Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ I'm a florist for a 5-star hotel in Hawaii. Our flowers tell a rich cultural story — certain ones are connected to special Hawaiian legends and folklore.
▼ + stars: | 2023-05-17 | by ( Molly O'Brien | ) www.businessinsider.com time to read: +4 min

Joseph Reyes, 51, is the head florist at Halekulani, a hotel on the beach in Honolulu. Reyes' job is to book more weddings, create centerpieces, and manage other floral needs for the hotel. This as-told-to essay is based on a conversation with Joseph Reyes, 51, the head florist at Halekulani, a hotel on the beach in Honolulu. I was born in the Philippines but raised in Honolulu, and now I work as the head florist at Halekulani, a hotel on the beach in Honolulu. Certain flowers are associated with special Hawaiian legends and folkloreOne example would be the Ohia Lehua flower.

In theory, that should be welcome news for stocks and other so-called risk assets, which wilted under the barrage of hikes last year. Yet some investors worry this year's 6.5% rebound in the S&P 500 has made equities expensive. Many are also wary that the Fed's rate hikes may precipitate a recession later this year. Stocks fell on Wednesday, with the S&P 500 ending down 0.7%, after the Fed's latest policy decision in which the central bank also raised rates by 25 basis points, as markets expected. Friday's U.S. employment report and next week's consumer price index data may give investors a sense of how deeply the Fed's rate hikes have seeped into the economy.

☆ World record crowd watches England complete Grand Slam against France in Women’s Six Nations
▼ + stars: | 2023-04-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —When England’s women first played at Twickenham in 2003, the crowd was scattered about the vast stadium, almost imperceptible in the pictures taken that day. Twenty years later, in the latest historic occasion for women’s rugby, a world record crowd of 58,498 supporters watched England win the Women’s Six Nations by defeating France 38-33 in a thrilling finale at Twickenham, the home of English rugby union. The previous record for a women’s game was 42,579, set at the 2022 women’s rugby World Cup final in New Zealand. To produce a game like that on a stage like this is everything that is good about the game. Ultimately, however, it was too little too late – France’s last try arrived as the clock ticked into the red – and England clung on for victory.

☆ Take Five: Rate hike vs bank stress
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +5 min

The Fed is expected to deliver another 25-basis point interest rate increase on Wednesday and signal a pause in its most aggressive rate-hiking cycle since the 1980s. Futures markets show investors pricing an nearly 90% chance of a rate increase. But confidence in a 25 bps rate hike has wavered in recent days after problems at lender First Republic reignited concerns over the U.S. banking sector. Yet, key inflation and bank lending data releases in the days ahead could sway that outcome. Tuesday's flash April inflation data is likely to confirm underlying price pressures - running above 5% - remains uncomfortably high.

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