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From 1999 to 2020, Black women were on average six times more likely than white women to be a victim of homicide, according to a new study, with researchers pointing to structural social inequities as fueling their higher risk. In 2020, the homicide rate for Black women was 11.6 homicides per 100,000 women, compared to a relatively static rate of 3 per 100,000 among white women in the same age group. Wisconsin, in particular, saw the largest disparity of any state overall, with the homicide rate among Black women more than 20 times that of white women from 2019 through 2020. Study authors said this marks a “disturbing increase” from the period between 1999 and 2003, when the homicide rate among Black women was six times that of white women. “Structural racism might provide insight as to why Black women, regardless of their ethnicity, face disproportionately high rates of homicide,” the study stated.

Persons: “, ”, Bernadine Waller, ” Waller, they’re Organizations: National Institute of Mental Health, Columbia University Irving Medical, D.C, U.S . News, Wisconsin Locations: Midwest, South, West, Virginia, Alabama, Florida . Wisconsin, In Wisconsin , Missouri, Arizona, Oklahoma, Washington

☆ The Federal Reserve is fed up with data revisions
▼ + stars: | 2024-01-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +11 min

Federal Reserve Governor Christopher Waller said large revisions in data are tainting his assessments of how the economy is doing. Al Drago/Bloomberg/Getty ImagesThat’s well above the average month-over-month revised change in job totals from 1973 to the latest available revision data, according to the BLS. The official summary of what Fed officials said and discussed during their September meeting — also known as the Fed minutes — stated: “A few participants observed that there were challenges in assessing the state of the economy because some data continued to be volatile and subject to large revisions.”Spokespeople from the Federal Reserve declined to answer which data Fed officials were referring to. Frequent and large revisions to economic data are weighing on Federal Reserve decision-making, Governor Michelle Bowman said. “We want to be data dependent, but not data point dependent,” Williams said.

Persons: Christopher Waller, Waller, it’s, Al Drago, ” Waller, ”, Michelle Bowman, —, Spokespeople, he’s, don’t, Erica Groshen, David Wilcox, Laura Kelter, Kelter, Groshen, Wilcox, John Williams, ” Williams, “ Organizations: New, New York CNN — Federal Reserve, ”, of Labor Statistics, BLS, Federal, Bloomberg, Getty, Fed, Ohio Bankers League, Federal Reserve, Commerce Department, Department, Census, Labor, Peterson Institute for International Economics, Employment, CNN, Wilcox . New York Fed Locations: New York, Wilcox . New

In December, the policymakers collectively forecast that they would cut their rate three times this year. The Fed prefers for inflation to be about 2%, which it sees as having little negative effect on the economy. Fed officials, he added, will want to see further evidence that inflation is still on track to 2% before embarking on rate cuts. Before Waller spoke, Wall Street investors had placed a 72% likelihood of a rate cut in March, based on futures prices. Waller's comments followed similarly optimistic remarks from John Williams, president of the Federal Reserve Bank of New York, last week.

Persons: Christopher Waller, ”, ” Waller, Waller, Krishna Guha, Waller's, ” Guha, John Williams, Williams, Powell's, ” Williams Organizations: WASHINGTON, Federal, Fed's, of Governors, Fed, Wall Street, Brookings Institution, “, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York

TOKYO (AP) — Asian shares mostly fell Wednesday although a strong report on U.S. consumer confidence and hopes the Federal Reserve is finished with its aggressive interest rate hikes sent shares higher on Wall Street. Food delivery company Meituan's Hong Kong-traded shares dropped 11% after it forecast its revenue will fall in the current quarter. The loosening grip from inflation and a resilient economy have raised hopes that the Fed might finally be finished with raising its benchmark interest rate. Hopes that the Fed will keep its benchmark interest rate steady were reaffirmed Tuesday by Christopher Waller, a member of the Fed’s Board of Governors. The Fed will meet again in December to update its interest rate policy.

Persons: Australia's, Hang Seng, Matthew Weller, Forex.com, Brent, Tesla, Christopher Waller, “, ” Waller, Damian J, Troise, Alex Veiga Organizations: TOKYO, Reserve, Nikkei, China Evergrande, Benchmark, New York Mercantile Exchange, Dow Jones, Nasdaq, Microsoft, GE Healthcare Technologies, Treasury, Federal Reserve, Fed’s, Governors, American Enterprise Institute, U.S ., AP Business Locations: Hong, Shanghai, Hong Kong, China, OPEC, Washington

WASHINGTON (AP) — A key Federal Reserve official said Tuesday that he is “increasingly confident” that the Fed's interest rate policies will succeed in bringing inflation back to the central bank's 2% target level. The official, Christopher Waller, a member of the Fed's Board of Governors, cautioned that inflation is still too high and that it's not yet certain if a recent slowdown in price increases can be sustained. Waller's remarks follow Chair Jerome Powell's more cautious comments earlier this month, when Powell said “we are not confident” that the Fed's key short-term interest rate was high enough to fully defeat inflation. Inflation, measured year over year, has plunged from a peak of 9.1% in June 2022 to 3.2% in October. Slower spending and hiring, he said, should help further cool inflation.

Persons: “, Christopher Waller, ” Waller, Jerome Powell's, Powell, Waller Organizations: WASHINGTON, Federal Reserve, Fed's, of Governors, American Enterprise Institute Locations: Washington

☆ Why Fed officials aren’t addressing the Israel-Hamas war the way they did with Ukraine
▼ + stars: | 2023-10-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

Emma Jones, a spokesperson for the Fed, declined to comment on why many Fed officials, who in the past moved swiftly to acknowledge the war in Ukraine, weren’t addressing the war in Israel. There are some Fed officials who are starting to talk about it, though — albeit only when asked questions. Fed officials see little immediate threat to the US economyAtlanta Fed President Raphael Bostic was the first to speak about the war, at the American Bankers Association’s annual conference last Tuesday. That’s probably why more Fed officials were quicker to acknowledge the war in Ukraine, Dorn said. “I don’t think the Fed wants to look like they’re taking sides,” Dorn added — but said Fed officials could easily talk about it without looking partial.

Persons: Chris Waller, ” Waller, Michael Barr, Philip Jefferson, Michelle Bowman, Lorie Logan, Emma Jones, James Dorn, “, ”, Raphael Bostic, Bostic, Neel Kashkari didn’t, aren't, they're, Al Drago, Susan Collins, ” Collins, Patrick Harker, we’ve, Harker, JPMorgan Chase, Jamie Dimon, ” Dorn, Dorn, There’s, Gregory Daco, Daco Organizations: New, New York CNN, Federal Reserve, ”, Dallas Fed, Fed, Cato Institute, CNN, Atlanta Fed, American Bankers, Minot State University, Minneapolis, Federal, Bloomberg, Getty, ” Boston, Wellesley College, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Rystad Energy Locations: New York, Ukraine, Russia, Israel, Waller’s, North Dakota, Delaware, Iran, Lebanon, Syria, United States, That’s, Gaza, Hormuz, EY

Such cautious views are generally seen as evidence that the Fed isn't necessarily inclined to raise rates in the near future. Economic data from the past several months “generally suggested that inflation was slowing,” the minutes of the Sept. 19-20 meeting said. For most of the past two years, the Fed had said the risks were heavily tilted toward not raising rates enough. Waller also underscored the Fed’s cautious approach in his remarks in Park City, Utah, during a question-and-answer session. They showed that Fed officials expected to cut rates only twice next year.

Persons: Christopher Waller, Waller, “, ” Waller, ”, Jerome Powell, we’ve Organizations: WASHINGTON, — Federal, Fed, United Auto Workers, Detroit Locations: U.S, China, United States, Park City , Utah

But now, three powerhouses —the NFL, Interscope Geffen A&M Records and Electronic Arts Sports — have partnered to empower players to pursue their music dreams. It’s the first-time music made by NFL players appears in the video game franchise, now in its 35th year. “These dudes can rap,” said Bas, a Grammy-nominated rapper who shared his musical expertise during the players recording sessions. People see like these big NFL players and they say ‘Do your one job, tackle somebody or run that route.’ But creativity is part of a healthy life. It’s humbling to watch.”Many of the songs featured on “Crowd Control” were conceived in a songwriting session at Interscope this summer where NFL players worked with producers and artists.

Persons: Terron Armstead, Interscope Geffen, “, ’ ”, Armstead, Pro Bowler, it’s, Darren Waller, Ray, Ray McCloud, Melvin Ingram, Chark Jr, can’t, ”, Waller, Thomas “ Fats ” Waller, Bowler, Jay Rock, Lebra Jolie, Derrick Milano, Justin Bieber, Megan Thee, Nicki Minaj, they’re, They’re, David Nieman, aren’t, Ashley Smith, Smith, Trey Smith, you’re, there’s, ” Smith, ” McCloud, McCloud Organizations: Miami Dolphins, NFL, M Records, Electronic Arts, —, Madden NFL, New York Giants, Carolina Panthers, D.J, Interscope Records, Interscope, EA Sports, Kansas City Chiefs Locations: SANTA MONICA, Calif, San Francisco, Santa Monica , California

☆ Despite shakeup at the Fed, a rate hike in September is likely
▼ + stars: | 2023-07-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Fed Chair Powell has said the Fed still has more work to do, and he himself hasn’t ruled out back-to-back rate hikes. But he also suggested that the Fed prefers to get rate hikes over with as soon as possible. The Fed is overwhelmingly expected to raise its key federal funds rate later this month after it paused in June after 10 straight rate hikes. If core inflation continues to moderate only slightly, Fed officials might just want to get the second rate hike over with. The FOMC next meets on July 25-26, with an announcement on rate hikes due at 2 p.m.

Persons: Louis, James Bullard, Adriana Kugler, Powell, hasn’t, Christopher Waller, ” Waller, ”, weren’t, Kugler, That’s Organizations: DC CNN, Federal Reserve, Fed, Louis Fed, Market Committee, “, New York University Locations: Washington, April’s

☆ Fed's Waller eyes July rate rise, and another hike before year ends
▼ + stars: | 2023-07-14 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

He noted, “September is a live meeting” for action if inflation is not cooling fast enough. Waller’s comments follow the release earlier in the week of data that showed inflation pressures at the consumer level are swiftly cooling back toward the Fed's 2% target. The data didn’t deter financial markets from expecting the Federal Reserve to raise what is now a 5% to 5.25% federal funds target rate at its July 25-26 Federal Open Market Committee meeting. Waller said the softer inflation data was a good thing but it’s not enough yet to change the outlook. The aggressive increases have been aimed at tempering the worst levels of inflation seen in decades.

Persons: Christopher Waller, he’s, ” Waller, Waller, Jerome Powell, John Williams, Michael S, Diane Craft Organizations: YORK, Federal, New York University, Reserve, New York Fed, Fed, Derby, Thomson Locations: U.S

☆ Bull market or fool's market? Investors say the latter
▼ + stars: | 2023-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +10 min

Mega-cap tech stocks that were battered by rising interest rates in 2022 have also seen a huge boost this year. The Federal Reserve on Wednesday held interest rates steady but indicated that it could hike rates twice more this year. Tech stocks’ record runApple shares closed at a record high on Thursday, creeping closer to reaching a $3 trillion market capitalization. The rally’s next testDespite some bullish signs in the market, investors say the math isn’t adding up to a sustained rally — especially considering a possible recession looms on the horizon. The central bank last Wednesday paused interest rates and indicated that it could raise rates two more times this year.

Persons: Dow, ”, Amanda Agati, Wednesday’s, Stocks, Joe Biden, Dan Ives, “, ” Ives, Richard Steinberg, Jerome Powell, Agati, Sylvia Jablonski, Christopher Waller, Thomas Barkin, ” Waller, Sarah Henry, Henry, Here’s, Price, Refinitiv, Paul Eitelman, ” Eitelman Organizations: CNN Business, Bell, New York CNN, Apple, Nasdaq, PNC Financial Services, Management, “, Federal Reserve, Nvidia, Wedbush Securities, Microsoft, The Colony, Treasury, ”, Federal, Richmond Fed, Logan Capital Management, CPI, PPI, University of, Consumers, North America, Russell Investments, Wednesday, National Association of Realtors, Senate Locations: New York, what’s, Oslo

☆ Just days after pausing rate hikes, Fed official calls for more increases
▼ + stars: | 2023-06-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —The dust has barely settled on the Federal Reserve’s decision to pause its aggressive rate-hiking campaign — but in public appearances Friday, central bank officials have a clear message: Keep hiking. In one of the first speeches, Fed Governor Christopher Waller said Friday that additional rate increases are necessary to bring inflation down to the central bank’s 2% target. The Fed’s decision to restart hikes depends on what data show in the coming weeks and months. It is the job of bank leaders to deal with interest rate risk and nearly all bank leaders have done exactly that,” Waller said. A representative of the event said the conference wasn’t being recorded and that only registrants who paid a fee were able to attend.

Persons: Christopher Waller, ” Waller, ”, Gregory Daco, Ernst & Young, ” Powell, Waller, “, Michael Gapen, Gapen, they’re, Louis President James Bullard, Thomas Barkin Organizations: DC CNN, Federal, Norges Bank, International Monetary Fund, Ernst &, Bank, BofA Global Research, CNN, Federal Reserve Bank of St, Federal Reserve Bank of Richmond, Maryland Government Finance, Association Locations: Washington, Oslo, Norway, ”

☆ An N.F.L. Star Finds Confidence in Making Music
▼ + stars: | 2023-05-07 | by ( Emmanuel Morgan | Gabriella Angotti-Jones | ) www.nytimes.com time to read: +2 min

Later in 2017, Darren Waller released his debut album, “Better Call Wall,” 12 songs he rapped with lyrics about his life. reinstated Waller, he signed with the Raiders in November 2018 and was named to the Pro Bowl in the 2020 season after posting 1,196 receiving yards and nine touchdowns. In his downtime, he began dating Plum, a star player for the W.N.B.A’s Las Vegas Aces, shortly after meeting her last April while recording a podcast. He proposed to her in October during a bye week for the Raiders, with Waller later telling McDaniels and Ziegler that the couple was keeping their upcoming marriage confidential. Before Waller and Plum could reveal their March wedding on Instagram, Ziegler and McDaniels told reporters of the upcoming nuptials during an off-the-record session at the N.F.L.

☆ Stocks week ahead: It's hell week on Wall Street
▼ + stars: | 2023-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The unflinching resilience of the US labor market is one of — if not the — greatest source of tension in today’s economy. That means the Fed’s already painful rate hikes are likely to continue until the job market simmers. In just one year, the Federal Reserve has raised interest rates from nearly zero to a range of 4.5% to 4.75% to cool the economy. The labor market is stronger than ever: The US added a shocking 517,000 jobs in January and knocked unemployment down to its lowest level since 1969. If the labor market remains strong, more Fed-induced pain lies ahead.

☆ How the crypto fallout could affect you
▼ + stars: | 2022-11-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX. While these funds say they had limited exposure to FTX, their inclusion points to a growing but alarming trend that could affect you even if you’re not a buyer of crypto yourself. What’s happening: Pension funds are increasingly investing in alternative assets in search of bigger returns. In the United States, public pension funds are facing serious challenges that threaten the retirement plans of millions of state and local government employees. It’s not just a trend that’s happening in the United States.

☆ Fed vice chair Brainard: More deliberate, slower rate increases coming 'soon'
▼ + stars: | 2022-11-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Minneapolis CNN Business —It could soon be time for the Federal Reserve to ease up on its super-sized rate interest hikes, according to the central bank’s number-two policymaker, Vice Chair Lael Brainard. “I think it will probably be appropriate soon to maintain a slower pace of increases,” Brainard said Monday at an event hosted by Bloomberg News in Washington, DC. The Fed has taken the unprecedented step of issuing a series of massive rate hikes in its battle to tame decades-high inflation. At each of its past four meetings, the central bank approved a rate hike of three-quarters of a percentage point, raising its benchmark lending rate by 4 percentage points in just nine months. “It makes sense to move through a more deliberate and data-dependent pace as we continue to make sure that there’s restraint that will bring inflation down over time,” she added.

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