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☆ For working moms, it's some good news and some bad news
▼ + stars: | 2024-05-18 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Read previewFor working mothers, it can sometimes feel like even when there's good news, there's also bad news. Just this week, several stories drove home some of the things that parents and working women already have sensed. But it's a good signal for working moms. The chart shows that since 2015, the percentage of women working across all those groups has gone up in the last 10 years. It's that same mix for the state of working moms — not all good, but not all bad.

Persons: —, there's, Emily McCrary, Ruiz, Esparza, Hewlett Packard, That's, it's, Rachel M, Cohen Organizations: Service, Business, Hewlett, Bloomberg, Free, New York Times Reading

LAS VEGAS (AP) — Federal airport security officials unveiled passenger self-screening lanes Wednesday at busy Harry Reid International Airport in Las Vegas, with plans to test it for use in other cities around the country. It already features screening lanes with instruction displays and estimated wait times. “It’s going to take time to educate the public," he said of the TSA screening lanes. I think eventually we’ll see more and more of them.”Harry Reid International Airport was the seventh-busiest passenger airport in the U.S. in 2022, ranked by Airports Council International behind New York’s John F. Kennedy International Airport. In 2023, the Las Vegas airport handled a new record of 57.6 million arriving and departing passengers.

Persons: Harry Reid, ”, Dimitri Kusnezov, John Fortune, Christina Peach, “ It’s, Carter Langston, Peach, Kusnezov, Karen Burke, ” Burke, Fortune, Keith Jeffries, Jeffries, ” Harry Reid, John F, Rebecca Santana Organizations: LAS VEGAS, —, Harry, Harry Reid International, U.S . Department of Homeland Security, Transportation Security Administration, TSA, Department of Homeland, ”, Los Angeles International Airport, K2, Associated Press, ” Harry Reid International, Airports Council International, New, Kennedy International, Las, NFL, Allegiant, Associated, Washington , D.C Locations: Las Vegas, Nevada, U.S, Washington ,

☆ Premarket stocks: Fed Chair Powell is about to get grilled by Congress. Here’s what markets want to hear
▼ + stars: | 2024-03-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Fed Chair Jerome Powell has a chance to provide more insight when he testifies before Congress on Wednesday and Thursday. Those reports pushed back market bets on when the Fed will start cutting interest rates. Investors will closely listen for any hints from Powell about what the Fed is looking for, data-wise, before it begins to lower interest rates. Powell will also be asked about the economic pain Americans are feeling as a result of elevated inflation and interest rates. When interest rates fall, holding income-paying assets (like bonds) becomes less appealing than owning the precious metal.

Persons: Jerome Powell, there’s, ”, Powell, —, Emanuel Cleaver, Dave Sekera, Claudia Sahm, ” Powell, Krystal Hur, Samantha Murphy Kelly, “, ” Mengmeng Zhang Organizations: CNN Business, Bell, New York CNN, Federal, Investors, Missouri Democrat, Politico, Morningstar, Morningstar . New York Community Bank, Fitch, Moody’s Investors Service, Federal Reserve, Costco, Apple, Counterpoint Research, Huawei, Counterpoint Locations: New York, Missouri, Morningstar ., China

☆ Premarket stocks: Why it’s not all doom and gloom for commercial real estate
▼ + stars: | 2024-03-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. I take that as a signal of a potential turn in the CMBS market in terms of the market sentiment. It’s not just all gloom and doom in the CRE market. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November.

Persons: Tracy Chen, Chen, that’s, Bell, Banks aren’t, CMBS, We’ve, they’ve, —, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, Eva Rothenberg, Brent, Goldman Sachs Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, Brandywine, Intercontinental Exchange and Bank of America, outperformance, Fed, New York Community Bank, York Community Bank, Federal, Apollo Global Management, Richmond Federal, CNBC, OPEC, AAA Locations: New York, Japan, Switzerland, Germany, New, New York City, Richmond, OPEC, Saudi Arabia, Russia, Iraq, United States

☆ The US economy is so strong that there might not be any rate cuts in 2024
▼ + stars: | 2024-03-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Now, some economists think the Fed won’t cut interest rates at all this year. “The Fed will not cut rates this year and rates are going to stay higher for longer,” he added. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. In some ways, the expectations of interest rate cuts by the Fed undermined their efforts to actually cut the rates. Still, about half of investors are expecting an interest rate cut at the Fed’s June meeting, according to the CME FedWatch tool.

Persons: —, that’s, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, ” Robert Frick, ”, Powell Organizations: New, New York CNN, Federal, Apollo Global Management, Richmond Federal, CNBC, Navy Federal Credit Union, CNN, Fed, National Federation of Independent, Investors, Financial Services, Senate Locations: New York, Richmond

☆ Fact-Checking Biden’s Recent Economic Talking Points
▼ + stars: | 2024-02-21 | by ( Angelo Fichera | ) www.nytimes.com time to read: 1 min

As he seeks re-election, President Biden has been trying to sell voters on his approach to the economy and draw a contrast with his likely 2024 opponent, former President Donald J. Trump. During Mr. Biden’s administration, the economy has grown 3.1 percent from the end of 2022 to the end of 2023. The rate of inflation has dropped considerably since its summer 2022 peak (although it dipped less than economists had expected in January). At recent public and campaign events, though, Mr. Biden has made some misleading statements about the economy, jobs and taxes. You know what their average tax rate is — federal tax?

Persons: Biden, Donald J, ” Organizations: Trump Locations: America

☆ Oil down in thin trade as U.S. gears up for Presidents' Day
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +2 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT. Markets are yet to see the direction of demand from China after that country returns from a week-long Lunar New Year holiday, while Presidents' Day in the United States is set to keep trade relatively muted. Higher rates keep up the cost of buying oil, providing for a bearish market trend.

Persons: Brent, Alexei Navalny, Vladimir Putin's Organizations: del, del Peru SA Talara, U.S . Federal, . West Texas, Yemen's, of, Petroleum, ANZ Research, International Energy Agency, ANZ, United Nations Security Council Locations: del Peru, Piura, Peru, U.S, United States, China, Gaza, Yemen's Iran, India, Algerian, Israel, Europe, Russia, Ukrainian, Avdiivka, Moscow

WASHINGTON (AP) — Federal accident investigators are pushing to retrofit current aircraft with better cockpit voice recorders, citing the loss of evidence during last month's blowout of a door panel on a jetliner flying over Oregon. The National Transportation Safety Board said Tuesday that the Federal Aviation Administration should require many current planes to have recorders that can capture 25 hours of audio, up from the current standard of two hours. The FAA announced late last year a proposal to require the 25-hour standard but only on new planes. The FAA received about 115 comments about its proposal during a comment period that ended Feb. 2. Photos You Should See View All 22 ImagesCockpit voice recorders, or CVRs, are designed to capture conversations between pilots and any other noises that might help investigators understand the circumstances of an accident.

Persons: don’t, ”, Jennifer Homendy, — Organizations: WASHINGTON, —, The National Transportation Safety, Federal Aviation Administration, FAA, European Union Aviation Safety Agency, United, Alaska Airlines, NTSB, Air Canada Locations: Oregon, Europe, San Francisco

One NTSB investigator arrived at the crash site Friday afternoon, with several more expected to arrive on Saturday. Brianna Walker saw the wing of the plane drag the car in front of hers and slam into the wall. The tower lost contact, and then airport workers saw the smoke from the interstate just a few miles away, King said. According to the FlightAware aircraft tracker, the plane was operated by Hop-a-Jet Worldwide Charter based in Fort Lauderdale, Florida. A spokesperson for Ohio State University said the aircraft is not affiliated with the university, and they had no further information about it.

Persons: Brianna Walker, ”, Walker, ” Walker, Robin King, “ we’re, King, Adam Fisher, didn’t, “ Organizations: —, Federal Aviation Administration, Bombardier Challenger, FAA, National Transportation, NTSB, Ohio State University, We’ve, Naples Daily News, Sheriff’s, Jet Worldwide, Fort, Jet, Naples Daily Locations: NAPLES, Fla, Florida, Naples, Fort Lauderdale, Columbus , Ohio, Collier, Fort Lauderdale , Florida

Ramped-up domestic production of lithium is a key part of President Joe Biden's blueprint for a greener future less dependent on fossil fuels. It also confirmed the snail is currently known to exist in only 13 isolated springs within a 14-mile (22-km) radius of Thacker Pass and the Montana Mountains in Humboldt County. It said other threats include “livestock grazing, roads, drought, climate change and the Thacker Pass Lithium Mine.”Lithium Americas, which is developing the mine, said it’s done significant research and plans extensive monitoring to guard against any potential harm. Fish and Wildlife Service and are confident it will reaffirm that we’re building an environmentally responsible project with no impacts to the snail,” he said in an email to The Associated Press. Paiute and Shoshone tribes also say the mine is being built on sacred land at Thacker Pass where more than two dozen of their ancestors were massacred by U.S. troops in 1865.

Persons: Thacker, Joe Biden's, ” Paul Ruprecht, pyrg, it’s, ”, Tim Crowley Organizations: Nevada -, Fish, Wildlife Service, Federal Register, Interior Department, “, ESA, Thacker, U.S . Fish, Associated Press, Land Management Locations: RENO, Nev, Nevada, Nevada - Oregon, U.S, Idaho, Reno, Thacker, Montana, Humboldt County

It allows the city to suspend a landlord’s rental license if police answer four or more “nuisance” calls in a year. Minnesota law meanwhile prohibits landlords from limiting or preventing calls for emergency services and also preempts local ordinances penalizing landlords over such calls. She later learned the calls ran afoul of Peoria’s nuisance ordinance. Last year, Maryland prohibited landlords from evicting tenants over the number of emergency calls to their addresses, as well as prohibited cities and counties from penalizing landlords for emergency calls. Jose Cruz Guzman, who serves on the board of Minneapolis’ Sky Without Limits Cooperative, said emergency calls to an apartment would prompt support from fellow residents.

Persons: ”, Elizabeth Sauer, Jeff Weaver, Sue Abderholden, Scott Baumgartner, Baumgartner, Tina Davies, Davies, they’re, “ I’m, Kate Walz, Jose Cruz Guzman, ___ Hanna, Steve Karnowski Organizations: U.S . Department of Justice, Central Minnesota Legal Services, City, FBI, DOJ, Anoka, National Alliance, Mental, Associated Press, Fair Housing, Peoria, American Civil Liberties Union, New, New York Civil Liberties Union, National Housing Law, Housing, Prevention Locations: Minneapolis, Anoka, Mississippi, ”, Minnesota, California , Ohio, Illinois, Peoria, New York, Hesperia , California, U.S, Maryland, California, Topeka , Kansas

☆ January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate
▼ + stars: | 2024-02-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

☆ Fed Chair Powell says the job market is still strong. Here’s how the numbers break down
▼ + stars: | 2024-02-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. Fresh data on job cuts and productivityOn Thursday, the layoff picture became clearer. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

AUSTIN, Texas (AP) — Federal investigators say a local want ad for a yoga instructor in Costa Rica helped them capture the woman who killed rising pro cyclist Anna Moriah Wilson in 2022. Kaitlin Armstrong was convicted and sentenced to prison for 90 years in November for gunning down Wilson in Austin, Texas in a jealous rage. Investigators had been searching for Armstrong for more than a month and believed she was moving around Costa Rica looking for work as a yoga instructor. Armstrong was still wearing a bandage on her face when Perez met the woman at a hostel and recognized Armstrong's eyes from photographs. Political Cartoons View All 253 Images“I noticed that she had a bandage on her nose and possibly her lips were swollen, and I saw her eyes,” Perez said.

Persons: Anna Moriah Wilson, Kaitlin Armstrong, gunning, Wilson, Armstrong, Emir Perez, Damien Fernandez, Santa Teresa, “, Perez, ” Perez, ” Wilson Organizations: —, CBS, ”, U.S, Local, Dartmouth College Locations: AUSTIN, Texas, Costa Rica, Austin , Texas, beachside, Santa, Vermont, New Hampshire, Austin

MADISON, Wis. (AP) — Federal wildlife officials announced Wednesday they will consider adding 10 new species to the Endangered Species Act, including a big bumble bee that serves as a key pollinator across the United States. Fish and Wildlife Service officials said they had completed 90-day reviews of petitions to add the species to the list and determined that listing may be warranted. Fish and Wildlife Service in 2022 to include the bee on the Endangered Species List. The agency included Eastern hellbenders who live in Missouri on the Endangered Species List in 2021. More than 1,300 species are listed as either endangered or threatened in the U.S. under the Endangered Species Act.

Persons: It's Organizations: Fish, Wildlife Service, Biological Diversity, U.S . Fish, Lockes, Lockes Wildlife Management, West Virginia . Locations: MADISON, Wis, United States, U.S, Southern, Midwest, Texas, North Dakota, Florida, Queens, Oklahoma, Alabama and Mississippi, Borneo, North Carolina, Lockes Wildlife, Nye County , Nevada, Arizona, Kentucky , Tennessee, Virginia, West Virginia, West Virginia . U.S, Eastern, Missouri

The official, Mike Whitaker, said the FAA would not agree to any Boeing request to expand production of Max planes until the agency is satisfied that quality-control concerns have been addressed. The move came on the same day that a key senator indicated that Congress will join the scrutiny of Boeing. The National Transportation Safety Board is investigating the accident on an Alaska Airlines Max 9. Investigators are building a timeline of the door plug that failed, from the early stages of its production to the flight on which it blew off the plane. The Federal Aviation Administration is looking into whether Boeing and its suppliers followed proper safety procedures during manufacturing.

Persons: Mike Whitaker, Max, Sen, Maria Cantwell, David Calhoun, jetliner, Cantwell, Calhoun, ” Organizations: WASHINGTON, —, Boeing, Max, Federal Aviation Administration, Alaska Airlines Boeing, FAA, Senate Commerce, Science, Transportation Committee, National Transportation Safety, Alaska Airlines Max, NTSB Locations: Oregon, Portland , Oregon, Renton , Washington

"We're going to win Iowa," DeSantis declared on NBC's "Meet the Press" on Dec. 2. NBC News reached out to both the DeSantis campaign and Never Back Down for comment for this piece. 'I knew they were stupid'DeSantis' presidential campaign was a mess from the moment it launched. "What harmed the campaign the most off the bat was that it didn't have a clear purpose and message," a former DeSantis campaign staffer said. "The blunt truth is that DeSantis' presidential campaign was sabotaged through early incompetence in Tallahassee," the person said.

Persons: Ron DeSantis, Brendan Mcdermid, DeSantis, Scott Wagner, Wagner, Nikki Haley, Trump, Haley, Jordan Wiggins, Donald Trump, —, Donald Trump —, Elon Musk, Ron, Generra Peck, Ryan Tyson, Christina Pushaw —, Bill Mitchell, Mitchell, Peck, …, Ken, Ken Griffin, Griffin, I'm, Jeff Roe, Roe, Hugh Hewitt, dethrone Trump, it's, Jess Szymanski, we've Organizations: Florida Gov, Republican, Reuters, PAC, Iowa, NBC, New, Trump, NBC News, Gov, DeSantis, Fox News, United Nations, Republican Party, Trump GOP, Twitter, Federal, Commission, Florida GOP, of Justice, Roe, South, Tallahassee Locations: Florida, Iowa, West Des Moines , Iowa, Reuters Iowa, New Hampshire, DeSantis, New York, Tallahassee, South Florida, Iowa , New Hampshire, South Carolina

WASHINGTON (AP) — Federal prosecutors urged a judge on Tuesday to reject Hunter Biden’s efforts to dismiss the gun charges against him, revealing that investigators last year found cocaine residue on the pouch the president’s son used to hold his gun. “To be clear, investigators literally found drugs on the pouch where the defendant had kept his gun,” prosecutors said. Hunter Biden has since said that he’s stopped using drugs and has worked to turn his life around. Hunter Biden’s criminal proceedings are also happening in parallel to so far unsuccessful efforts by congressional Republicans to link his business dealings to his father. Republicans are pursuing an impeachment inquiry into President Biden, claiming he was engaged in an influence-peddling scheme with his son.

Persons: Hunter, Joe Biden’s, Hunter Biden's, ” Hunter Biden, “, Hunter Biden, he’s, didn't, David Weiss —, Donald Trump, Biden, Trump, ____ Richer Organizations: WASHINGTON, —, FBI, Trump, Prosecutors, Justice Department, U.S . Attorney, Republicans, Biden family’s Locations: Delaware, Boston

WASHINGTON (AP) — Federal regulators are investigating ExxonMobil's $60 billion deal to acquire a Texas oil company in what would be one the largest mergers in the energy industry in two decades, according to securities filings. The Federal Trade Commission, which enforces federal antitrust law, has asked for additional information from the companies about Exxon’s proposed acquisition of Pioneer Natural Resources. Exxon reported $9.1 billion in profits in the quarter that ended Sept. 30, while Chevron reported $6.5 billion in profits. Exxon has said the proposed deal with Texas-based Pioneer Resources would enhance U.S. energy security and benefit the American economy and consumers. Chevron said its proposed deal with New York-based Hess would strengthen long-term performance while “delivering higher returns and lower carbon” dioxide emissions that contribute to global warming.

Persons: Chuck Schumer, Schumer, Hess, Exxon, Alex Witt, Witt Organizations: WASHINGTON, —, Federal Trade Commission, Natural Resources, FTC, Exxon, Pioneer, Hess Corporation, Chevron, Justice Department, Resources, Climate, Center for American Progress Action Fund, League of Conservation Voters, Sierra Club Locations: Texas, Chevron, Ukraine, New York

HUNTINGTON BEACH, Calif. (AP) — Federal officials on Tuesday recommended increasing the distance from undersea pipelines that vessels are allowed to anchor in Southern California, citing a 2021 oil spill they said was caused by ships whose anchors were dragged across a pipeline after a storm. The agency's board members recommended that authorities increase the safety margin between ships anchored on their way to and from the ports of Los Angeles and Long Beach and undersea pipelines in the area. Political Cartoons View All 1283 ImagesThey also urged vessel traffic services across the country to provide audible and visual alarms to those tasked with keeping watch when anchored vessels near pipelines. The recommendations as well as several others followed a nearly four-hour hearing on the spill, one of the largest in Southern California in recent years. A message was also left for the Port of Long Beach.

Persons: Andrew Ehlers, “, ” Organizations: —, National Transportation Safety, MSC Danit, NTSB, Port, Marine Exchange, U.S . Coast Guard, Surf Locations: HUNTINGTON BEACH, Calif, Southern California, Houston, Huntington Beach, Beijing, Los Angeles, Long, Port of Los Angeles, Port of Long Beach, Danit

The government had previously estimated that the economy grew at a 4.9% annual rate last quarter. TD Economics, for example, expects growth in the October-December period to come in at a 1.8% annual rate. Private investment surged at a 10.5% annual pace, including a 6.2% increase in housing investment, which defied higher mortgage rates. Also driving the third quarter growth was an uptick in spending and investment by governments at all levels — federal, state and local. Those higher interest rates have significantly increased consumer and business borrowing costs.

Persons: —, Rubeela Farooqi, ” Organizations: WASHINGTON, Private, Federal Reserve, Organization, Economic Cooperation, Development Locations: U.S

FORT WORTH, Texas (AP) — Federal mediators have rejected a union's request that could have cleared the way for a year-end strike by flight attendants at American Airlines. The National Mediation Board instead directed the airline and the Association of Professional Flight Attendants to keep negotiating over a new contract. “We look forward to continued negotiations with APFA and reaching an agreement our flight attendants have earned,” American said in a statement Tuesday. The airline says its proposal to pay flight attendants during boarding would make the 11% raise more like 18%. American, which is based in Fort Worth, Texas, is proposing to match Delta’s decision last year to pay flight attendants during boarding.

Persons: Julie Hedrick, ” Hedrick, “ Organizations: —, American Airlines, Association of Professional, APFA Locations: Texas, American's, Fort Worth , Texas

☆ Gold atop 6-month peak on softer U.S. dollar, bets on Fed
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +2 min

Spot gold was up 0.4% at $2,009.69 per ounce by 0404 GMT. U.S. gold futures rose 0.3% to $2,009.50. "What's moving gold at the moment is the lower U.S. dollar because of the recent soft data," said Kyle Rodda, a financial market analyst at Capital.com. Gold rose sharply earlier in the session, hitting as high as $2,017.82 an ounce. Earlier this month, another inflation print showed weaker-than-expected consumer inflation, boosting hopes that the Fed could begin easing monetary conditions sooner than expected.

Persons: Kyle Rodda, Rodda, CME's Organizations: U.S . Federal, U.S, Fed, Traders, Bank of Locations: U.S, Bank of Japan

As the Nebraska explosion made clear, there can be problems that are hard to spot before potentially disastrous accidents occur. Some details about the explosion might never be known because the shipping container carrying the acid was destroyed. Union Pacific CEO Jim Vena said he understands and welcomes the agency's scrutiny. Vena said Union Pacific and other major railroads have become safer over time. “And that’s what I’m challenging the team with here at Union Pacific is we have to get better ... We’ll invest in it.

Persons: haven’t, ”, Andy Foust, Warren Flatau, Pete Buttigieg, —, Foust, “, hasn’t, Dennis Thompson, Thompson, Jim Vena, Vena, We’ll, Charlie King Organizations: —, Union Pacific, Federal Railroad Administration, . Transportation, Rail, Transportation Workers, Transportation Division, . Railroad, Materials Safety Administration, Norfolk Southern, Platte Fire, Pacific, of Railroad Infrastructure Locations: OMAHA, Neb, Nebraska, North Platte , Nebraska, Omaha, Norfolk, Ohio, railyard, Palestine

WASHINGTON (AP) — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting released Tuesday. As a result, the policymakers decided to leave their key benchmark rate unchanged but to keep it elevated for an extended period. The officials agreed at the Oct. 31-Nov. 1 meeting that they would raise their key rate again if incoming economic data “indicated that progress” toward the 2% target “was insufficient,” the minutes said. The minutes released Tuesday suggested that the Fed's policymakers hope to see forthcoming data confirm that inflation is headed back toward their target level. He said “we're making progress” in taming inflation, though he acknowledged that such progress would come “in lumps and be bumpy."

Persons: Jerome Powell, “ Organizations: WASHINGTON, — Federal, Fed

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