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Consumer price inflation rose for the second straight month, to 3.7% in August versus 3.2% in July. While the overall picture is somewhat mixed, the inflation data in recent months likely doesn't change the policy outlook. Reuters GraphicsRETAIL SALES (Released Sept. 14, next release Oct. 17):Retail sales rose more than expected in August, increasing 0.6%. Investors viewed the overall data as leaning against any further Fed rate increases. Weekly data on bank lending shows bank credit has fallen on a year-over-year basis since the middle of July.

Persons: Jerome Powell, Powell, Ann Saphir, Andrea Ricci, Paul Simao Organizations: Federal Reserve, Fed, Reuters Graphics Reuters, University of Michigan, Reuters Graphics, Investors, Labor, Reuters Graphics Reuters Graphics Bank, Silicon Valley Bank, Thomson Locations: U.S, Silicon

More than a year after her mother died, Alla Kotliarova buried her for the third — and she hopes final — time. There was no priest, no tearful neighbors, no ceremonial procession to the cemetery sitting among thin pine trees at the end of town. But there was at least some measure of closure for Ms. Kotliarova, 62, who laid her mother, Tamara Kotliarova, to rest in the family plot. No official cause of death was listed, though her mother had long grappled with diabetes, but Ms. Kotliarova is convinced that the stress of the Russian invasion and occupation hastened her demise. “If it weren’t for this war, she wouldn’t have died,” said Ms. Kotliarova, as she wiped tears from her eyes with a small handkerchief and placed flowers and snacks on the sandy funeral mound.

Persons: Alla Kotliarova, Kotliarova, Tamara Kotliarova, wouldn’t, ”

☆ Cheap drones and expensive missiles mean there's no more 'safe rear areas' in wartime, top NATO general says
▼ + stars: | 2023-09-28 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Russia and Ukraine have made prolific use of cheap drones and pricier cruise and ballistic missiles. One such insight has been how the proliferation of drones and long-range missiles is changing the battlefield. AP Photo/Roman Hrytsyna, FileUkraine and Russia are both using drones in a variety of roles, including surveillance and strikes. AdvertisementAdvertisementRussia has also leaned heavily on long-range missiles and drones to target Ukrainian logistical nodes, command-and-control hubs, and civilian infrastructure, often far from the frontlines. For its part, Ukraine is using Western-made long-range missiles to hit Russian military targets and using drones, some of them possibly deployed on Russian territory, to hit targets deep inside Russia.

Persons: —, Johnny Stringer, you've, Stringer, Phil Speck, Stavros Atlamazoglou Organizations: NATO, Service, AP, Royal United Services Institute's, Air, Allied Air Command, US Air National Guard, US Air Force, Combat, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Russia, Ukraine, Europe, Kyiv, Russian, Wyoming

☆ I made $107,000 last year doing voice-overs. Here's how I started with an online course and grew to doing work for Warner Bros, Pepsi, and Google.
▼ + stars: | 2023-09-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Actors used to get voice-over work in traditional ways, through their agent. I did a voice-over courseI found an online course in 2016 called Voiceover Kickstart. I had no idea my voice would attract a lot of corporate work, but it did. When I was getting consistent corporate work, I was able to build my brand in response to that, both on and off the platform. From that, I've been getting unexpected opportunities in types of work that I'd never thought I would be doing, such as audiobooks.

Persons: Christopher Tester, I've, I'd Organizations: Royal Central School of Speech, BMW, Warner Bros, Marvel, Pepsi, Google Locations: London, Fiverr, Asia

CNN —A convicted felon suspected of killing tech executive Pava LaPere in Baltimore this week has been arrested, ending a dayslong manhunt across the city, police said early Thursday. “I told him to turn himself in because they’re going to kill him,” Scarlett Billingsley told NBC News. Pava LaPere cofounded EcoMap at age 21 while she was still attending college at Johns Hopkins University, according to the company’s website. LaPere’s accomplishments gained her a spot on Forbes’ 30 under 30 list earlier this year for social impact. The father and daughter – both early risers – would talk early in the morning and exchange photos of their sunrises, her father recalled.

Persons: CNN —, Pava LaPere, Jason Dean Billingsley, LaPere, Billingsley, Brandon Scott, Richard Worley, “, ” Scarlett Billingsley, Scarlett Billingsley, Worley, Frank LaPere, Caroline, Nico, Stephanie Scarbrough, ”, Pava, –, Frank, Kory Bailey, Bailey, “ We’re Organizations: CNN, Baltimore Police Department . Police, Authorities, Baltimore Police, NBC, NBC News, Maryland’s Department of Public Safety, Correctional Services, New York Times, Johns Hopkins University, Forbes ’ Locations: Baltimore

Accounts of suicidal thoughts linked to this class of drugs are drawing increasing scrutiny, including an investigation by European regulators announced in July. More than half of the narrative summaries describe suicidal thoughts appearing shortly after the person started the medicine or increased the dose. Wegovy’s U.S. prescribing label, produced with FDA approval, says suicidal thoughts or attempts have been reported in clinical trials for other weight-loss medicines. Sanofi's Acomplia, which never won U.S. approval, was withdrawn in Europe in 2008 after being linked to suicidal thoughts. She said she has not experienced any suicidal thoughts on that drug.

Persons: Dawn Heidlebaugh, Megan Jelinger, ”, Heidlebaugh, Eli Lilly, Thomas J, Moore, aren't, It’s, Novo, Dr, Erick Turner, Turner, Novo’s, drugmakers, Sanofi's, Sanofi, Contrave, John Amos, Lilly, Reuters weren’t, Lisa Wood, ” Wood, Sarah Sobol, you’re, Sobol, ’ ” Katherine, Jayson Chesnutt, Chesnutt, Robin Respaut, Chad Terhune, Maggie Fick, Ludwig Burger, Michele Gershberg, Brian Thevenot Organizations: REUTERS, Novo, U.S . Food, Drug Administration, Reuters, FDA, Johns Hopkins Bloomberg School of Public Health, Oregon Health & Science University, Novo Nordisk, U.S ., European Union, European Medicines Agency, U.S, Currax Pharmaceuticals, Vivus, Facebook, Thomson Locations: Findlay , Ohio, U.S, Ohio, Novo, Canada, Europe, Carolina, Buffalo , New York, North Carolina, Indiana

☆ They Quit Their Jobs. Their Ex-Employers Sued Them for Training Costs.
▼ + stars: | 2023-09-27 | by ( H. Claire Brown | ) www.nytimes.com time to read: +2 min

Ms. Tremain tends to hear from people after they’ve quit their jobs and received a letter from their former employer stating that they owe money for training. Employers see T.R.A.s as a way to improve retention and prevent paying for training employees who then leave soon after. Dan Pyne, a lawyer with Hopkins & Carley, a law firm in Silicon Valley, who has written T.R.A.s and represented employers enforcing T.R.A. The other group is employers looking to help employees gain new skills that will serve them later on in their careers. “When the training is required by the employer, that is the employer’s cost of doing business, and they can’t force the employee to bear that cost or to reimburse that cost,” Mr. Pyne said.

Persons: Tremain, they’ve, “ It’s, ”, Dan Pyne, Carley, Mr, Pyne, Oh Organizations: Employers, Hopkins Locations: Silicon Valley, California, Bellevue, Wash

☆ Pava LaPere killing: Manhunt underway for 'extremely dangerous' convicted felon suspected of murdering the 26-year-old female tech CEO in Baltimore
▼ + stars: | 2023-09-27 | by ( Elizabeth Wolfe Jamiel Lynch Holly Yan | Elizabeth Wolfe | Jamiel Lynch | ) edition.cnn.com time to read: +4 min

CNN —Baltimore police are scrambling to find an “extremely dangerous” man suspected of murdering 26-year-old tech CEO Pava LaPere, who was found dead in an apartment building on Monday. Hours later, police were called to a downtown apartment building, where LaPere was discovered with signs of blunt-force trauma to her head, Worley said. The building where she was found had security measures that would have required someone to “allow the (suspect) in the building,” Worley said. Pava LaPere EcoMap TechIn August, the company said it had reached nearly $8 million in financing. In addition to being a driving force behind EcoMap, LaPere strove to uplift others in Baltimore, the mayor said.

Persons: Pava LaPere, Jason Dean Billingsley, Richard Worley, LaPere, Worley, ” Worley, Billingsley, Baltimore Mayor Brandon Scott, ” Billingsley, “, ” EcoMap, Sherrod Davis, Pava, “ Pava, ” Scott, EcoMap, Delali Dzirasa, CNN LaPere, ” Dzirasa Organizations: CNN, Baltimore, Baltimore Police, Technologies, Forbes, Baltimore Mayor, Maryland’s Department of Public Safety, Correctional Services, The New York Times, Johns Hopkins University, Tech, LaPere Locations: Baltimore

☆ Australia's new submarines are still 2 decades away from delivery, but the Aussies are already looking out for spies
▼ + stars: | 2023-09-26 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Australia is working with the US and UK to build nuclear-powered subs and other military technology. It can be intentional — for example, a foreign intelligence service spreading election conspiracies on social media — or unintentional, as when someone unwittingly shares the foreign intelligence service's social-media posts. Australian officials look at the Collins-class submarine HMAS Collins in September 2021. Those Australian intelligence officials echoed worries that US officials have about foreign efforts to compromise AUKUS. US intelligence officials estimate that Chinese espionage steals US economic secrets worth between $200 billion and $600 billion a year.

Persons: —, Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Andrew Shearer, Mike Burgess, Burgess, CPOIS Damian Pawlenko, Azorian, PETER, Stavros Atlamazoglou Organizations: US, Service, Australia, British, Australian, Anadolu Agency, Getty, Australian National Intelligence, of National Intelligence, US Navy, Australian Security Intelligence, ASIO, FBI, Collins, Royal Australian Navy, intel, China Aviation, of State Security, Western, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Australia, France, China, Canberra, San Diego, Virginia, North Dakota, Canada , New Zealand, AUKUS, Soviet, Beijing

CNN —The Baltimore Police Department has announced an arrest warrant for a suspect wanted for the murder of Pava LaPere, the 26-year-old CEO of startup EcoMap Technologies, who was found dead in a downtown Baltimore apartment Monday with signs of blunt-force trauma to her head. The Baltimore Police said they do not believe that LaPere and Billingsley knew each other. “With profound sadness and shock, EcoMap announces the tragic and untimely passing of our beloved Founder and CEO, Pava LaPere,” EcoMap said in a statement. “Pava was not only the visionary force behind EcoMap but was also a deeply compassionate and dedicated leader. “There is no person on planet Earth that could tell Pava that she couldn’t do something,” Dzirasa said.

Persons: Pava LaPere, Jason Dean Billingsley, Richard Worley, Billingsley, LaPere, Worley, ”, Baltimore EcoMap, Sherrod Davis, EcoMap, Pava, ” EcoMap, Delali Dzirasa, ” Dzirasa Organizations: CNN, The Baltimore Police Department, Police, West Franklin Street, Baltimore Police, The Baltimore Police, Baltimore, LaPere, Johns, Forbes Locations: Baltimore, West, Johns Hopkins

The central bank's quest for a "soft landing" of more slowly rising prices and continued economic growth looks increasingly probable. In fact, the U.S. may hit a sweet spot just as the 2024 presidential election campaign crescendos next year. Rather than cheering, though, after years of economic turbulence since the coronavirus pandemic erupted in 2020, Americans grumble, at least if you ask them about the economy. With fast rising prices and the end of an array of pandemic-era government benefit programs, inflation-adjusted household income fell last year, and the poverty rate increased. A Biden adviser said the White House understands that the economy and inflation are a critical issue, and the campaign has a big media push planned on "Bidenomics."

Persons: Sarah Silbiger, Jerome Powell, crescendos, grumble, Joe Biden, Donald Trump, Jimmy Carter's, Ronald Reagan, George H, Bush, Democrat Bill Clinton, Clinton, Biden, They've, that's, Robert Shiller, stupidly, Shiller, Powell, Howard Schneider, Trevor Hunnicutt, Heather Timmons, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Rights, . Federal, Reuters, Republican, Biden, Democrat, U.S . Consumer, Yale University, McKinsey & Company, McKinsey, Thomson Locations: Mount Pleasant, Washington ,, U.S

☆ The US Air Force is using satellites and dirt runways to prepare its drones for a different kind of war
▼ + stars: | 2023-09-25 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

The war in Ukraine has highlighted how hard air operations are in a large conventional conflict. The US Air Force is already training to keep its drones flying by spreading out and using new tech. In response to that challenge, the Air Force is training to disperse its forces and make targeting harder for enemies. For the US Air Force, fighter pilots have long been that dominant influence. Of 22 Air Force chiefs of staff, the service's highest-ranking uniformed officer, 17 have come from the fighter/attack communities.

Persons: —, Phil Speck, Doniell, Antonio Salfran, Christa Anderson, Stavros Atlamazoglou Organizations: US Air Force, Service, US Air National Guard, Air Force, Cannon Air Force Base, Holloman Air Force Base, Combat Employment, Andersen Air Force Base, Pentagon, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Ukraine, China, Russia, Wyoming, New Mexico, Europe, Guam, East, Africa

☆ What are legacy admissions — and do colleges need them?
▼ + stars: | 2023-09-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Since the Supreme Court’s decision on race-based admissions, Wesleyan University and the University of Minnesota dropped legacy admissions. A 2022 report from nonprofit think tank Education Reform Now found that colleges were turning away from legacy admissions. Eighty-nine percent of college admissions directors did not support the use of legacy admits, and three-quarters of public colleges and universities didn’t even provide a legacy preference. “In that admission process, that legacy extra boost really can make a difference.”Donations, donations, donationsSome colleges say that legacy admissions play a financial role in keeping donors engaged. Casey added that getting rid of legacy admissions won’t change the compositions of the nation’s most elite colleges overnight.

Persons: Michael Roth, “, —, Brian Snyder, EFN, Joan Casey, we’ve, ” Casey, Gabrielle Starr, ” Starr, ” Chris Peterson, hasn’t, Starr, isn’t, “ Dartmouth, ”, Lee Coffin, Charles Krupa, ” Dartmouth, Casey, ” What’s, they’re Organizations: New, New York CNN, US, Court, American Civil Liberties Union, Wesleyan University, University of Minnesota, Johns Hopkins University, Pomona College, ” Wesleyan, CNN, Pew Research Center, Harvard University, Let’s, Harvard, Educational, Inc, Pomona, ”, Massachusetts Institute of Technology, MIT, Culture Colleges, Baker Library, Dartmouth College, Dartmouth, US Department of Education, Harvard University discriminates Locations: New York, Cambridge , Massachusetts, Massachusetts, Pomona, Claremont , California, California, ” Pomona, Hanover, N.H

☆ ‘Monster Fracks’ Are Getting Far Bigger. And Far Thirstier.
▼ + stars: | 2023-09-25 | by ( Hiroko Tabuchi | Blacki Migliozzi | ) www.nytimes.com time to read: +23 min

Dallas TEXAS Austin Houston San Antonio Dallas TEXAS Austin Houston San Antonio TEXAS TEXAS Amarillo Lubbock Dallas El Paso TEXAS Austin Houston San Antonio Corpus Christi UNCHARTED WATERS ‘Monster Fracks’ Are Getting Far Bigger. Water wells that supply fracking Nationwide, fracking has used up nearly 1.5 trillion gallons of water since 2011. Now they account for almost two out of every three fracking wells in Texas, the Times analysis found. ‘Monster fracks’ take off in Texas Proportion of fracks Source: FracFocus chemical disclosure database as of Aug. 1, 2023. In 2020, New Mexico halted sales of water supplies to oil and gas companies fracking on state land.

Many of the formal speeches delivered before the green stone in the General Assembly could have been performed straight to camera, with few other people in the room (and in 2020, they were). The General Assembly, she said, actually “overshadows what the U.N. does well." In-person relations are as important, if not more so, for non-governmental organizations with stakes in the outcomes, attendees said. Many at the General Assembly, and those observing it closely from afar, declined to discuss the substance of negotiations that may never ultimately come to fruition. But the General Assembly week “provides a critical mass that allows you to do all the things that you would prefer to do in person,” Rathke said.

Persons: Volodomyr Zelenskyy, weren't, ’, Katie Laatikainen, that's, that’s, ”, Kathryn Mengerink, Scott Hamilton, Joe Biden, —, “ We’re, Stéphane Dujarric, António Guterres, we’re, “, ” Laatikainen, Jeff Rathke, ” Rathke, ” Hamilton, Michael Weissenstein Organizations: UNITED NATIONS, General, Council, Adelphi University, Assembly, General Assembly, Waitt, State Department, United Nations Security, United Nations, “ Technology, - German Institute, Johns Hopkins University, Associated Press Locations: East, Jolla , California, midtown Manhattan, Cuba, China, France, Russia, United Kingdom, Europe, New York, Britain, Mexico

"I expect rates may have to stay higher, and for longer, than previous projections had suggested," said Collins. San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari are scheduled to make remarks later on Friday as the Fed's "blackout" period on post-meeting policy comments lifted. The central bank's decision to hold its benchmark overnight interest rate steady this week was unanimous. Collins does not currently have a vote on rate policy under a Fed system that rotates votes among the 12 reserve bank presidents year by year. New projections issued at the end of a two-day policy meeting on Wednesday showed 12 of 19 Fed officials expect one additional quarter point rate increase this year.

Persons: Dado Ruvic, Michelle Bowman, Susan Collins, Collins, Mary Daly, Neel Kashkari, Bowman, Howard Schneider, Paul Simao, Andrea Ricci Organizations: REUTERS, Rights, . Federal, Independent Community Bankers of, Maine Bankers Association, Boston, Fed, San Francisco Fed, Minneapolis Fed, Thomson Locations: Independent Community Bankers of Colorado

☆ I made $124,000 last year answering people's questions about their antiques. Here's how I turned my passion into a remote job that gave me financial freedom.
▼ + stars: | 2023-09-22 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I moved to New York, where I landed a job with a fine-art gallery and auction house. I left the art scene in New York and worried how I'd be able to make a living from art and antiques there. For a while, I sold antiques I'd bought on eBay and Etsy and did freelance work for clients in New York. I wanted to work in antiques remotelyI wanted to be able to work from home helping people around the world identify the value of art, antiques, and collectibles. This job gave me financial freedom, and I was able to buy a houseI was especially busy during the COVID-19 pandemic.

Persons: Nora Curl, Rookwood, Nelson Shanks, Ronald Reagan, Bill Clinton, I'd, — there's, I'm, There's, I've, Samuel Clemens, Samual Clemens, Mark Twain Organizations: Art, Art Basel, eBay, Mayflower Locations: Pennsylvania, Los Angeles, New York, London, Miami, Christie's, England, JustAnswer

The spokesperson, who would not speak for direct attribution, said the staff cuts represented a combination of attrition, including retirements, and layoffs. While small compared to the size of the Fed, it is the first time budgeted headcount has fallen since 2010. SELF-FUNDEDThe staff reductions are happening at a sensitive time for the Fed. Unlike federal agencies that spend tax dollars allocated by Congress, the Fed is self-funding. In most years the Fed generates a profit that is turned over to the U.S. Treasury.

Persons: Howard Schneider, Dan Burns, Paul Simao Organizations: U.S . Federal, Fed, of Governors, Reuters, Governors, Congress, U.S . Treasury, Thomson Locations: U.S, Washington, Congress

“Russia’s thinly veiled threats to use nuclear weapons remind the world that escalation of the conflict – by accident, intention, or miscalculation – is a terrible risk. New Construction at Russia's Novaya Zemlya nuclear test site, June 22, 2023. Lop Nur nuclear test site. “The Chinese test site is different than the Russian test site,” Lewis said. Both countries keep their strategic nuclear arsenals on “hair-trigger” alert, meaning that nuclear weapons can be launched on short notice.

Persons: Jeffrey Lewis, James Martin, ”, Cedric Leighton, “, Vladimir Putin, ” Lewis, Lewis ’, António Guterres, ” Guterres, Dmitry Medvedev, Putin, Alexander Lukashenko, Sergei Shoigu, Lewis, we’ve, Leighton, they’d, ” Leighton, Nur, Hans Kristensen, Kristensen, Israel –, Dyess, Frederic J . Brown, Fiona Cunningham, Yang Kun, ” Daryl Kimball, Kimball, Michael Frankel, James Scouras, George Ullrich, Soviet Union –, Russia –, We’re Organizations: CNN, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, US, US Air Force, Atomic Scientists, Soviet Union, United Nations, Russia’s Security, Russian Defense Ministry, Planet Labs PBC, Middlebury, Science and Global Security, Novaya, Middlebury Institute, China Observer, China’s Foreign Ministry, Planet Labs, Nevada National Security, National Security Administration, US Department of Energy, Office, National Security Council, International Monitoring, Federation of American Scientists, Stockholm International Peace Research Institute, Missile Defense, Center for Strategic, International Studies, Columbia, Northrop Grumman's Air Force, Getty, Control Association, ACA, NGO, PLA, Nuclear, Carnegie Endowment, International, Arms Control Association, Johns Hopkins Applied Physics Laboratory, Soviet Locations: Russia, United States, China, Xinjiang, Nevada, . China, Moscow, Washington, Ukraine, Soviet, Belarus, Minsk, Novaya Zemlya, Zemlya, Soviet Union, Lop Nur, Japan, Lop, Beijing, Stockholm, United Kingdom, France, India, Pakistan, North Korea, Israel, Ellsworth, Palmdale , California, AFP, Yuli County, Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region, Baltimore, Russian, Hiroshima

☆ Dollar reigns as Europe's central banks spring some surprises
▼ + stars: | 2023-09-21 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

"It punctures the balloon on terminal rates and also creates more second guessing on the quality of the (economic) landings". With a crucial Bank of Japan meeting still to come this week, Japan's 10-year government bond yield rose to its highest in a decade. Ben Luk, senior multi-asset strategist at State Street Global Markets said the overall tone of the Fed's meeting on Wednesday, while not overly hawkish, included two surprises. The median forecast for the federal funds rate is 5.1% by year-end, up from 4.6% estimated in June. Additional reporting by Xie Yu in Hong Kong Editing by Shri Navaratnam and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: BoE, Bond, John Hardy, Hardy, Goldman Sachs, Tom Hopkins, Ben Luk, Wall, Brent, clawing, Gold, Xie Yu, Shri Navaratnam, Tomasz Janowski Organizations: Sterling, Swiss, U.S . Federal Reserve, Dealers, Swiss National Bank, Bank of England, Saxo Bank, BRI Wealth Management, Treasury, Reuters Graphics, Apple, Nvidia, Japan's Nikkei, of Japan, State Street Global Markets, Thomson Locations: Europe, Britain, Sweden, Norway, Turkey, U.S, Asia, Pacific, Japan, Saudi Arabia, Russia, Hong Kong

The Fed expects to get inflation back to its 2% target in 2026, which is later than some officials had thought possible. Financial markets had widely expected that the Fed would leave rates unchanged. Ahead of the Fed meeting, investors had been banking on significant Fed rate cuts next year, an expectation clouded by the projections that show 10 of 19 officials see the policy rate remaining above 5% through next year. Federal funds futures showed traders had downgraded their estimates of Fed rate cuts ahead. The Fed statement was approved unanimously after a two-day meeting that marked new Fed Governor Adriana Kugler's debut on the central bank policymaking stage.

Persons: Jerome Powell, We're, Bond, Stocks, Chris Wattie, I've, Powell, Olu Sonola, Omair Sharif, Adriana Kugler's, Howard Schneider, Michael S, Chizu Nomiyama, Paul Simao Organizations: U.S . Federal Reserve, Market, Reuters Graphics, Reserve, REUTERS, Fed, Reuters, Fitch, Thomson Locations: WASHINGTON, Washington , DC

The new projections and the Fed's latest policy statement will be released at 2 p.m. EDT (1800 GMT). Fed Chair Jerome Powell is scheduled to hold a press conference half an hour later. With inflation slowing, that would allow interest rates to decline also. The last set of projections envisioned that the Fed's policy rate would fall by a percentage point in 2024, and by 1.2 percentage points in 2025 to end that year in the 3.25%-3.50% range. It hasn't happened so far, with economic growth through the first half of the year above the 1.8% rate that Fed officials view as the economy's non-inflationary trend, and continuing that way through the third quarter.

Persons: Matthew Luzzetti, Jerome Powell, Powell, Joseph Davis, Davis, Howard Schneider, Paul Simao Organizations: Federal Reserve, Deutsche Bank, Reuters Graphics Reuters, Commerce, Vanguard, Thomson Locations: WASHINGTON

☆ A NASA probe got slammed by a massive eruption from the sun — and caught it all on camera
▼ + stars: | 2023-09-19 | by ( Rebecca Cohen | Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

A NASA probe caught a massive eruption from the sun on camera. The Parker Solar Probe flew right through a major coronal mass ejection last year. NASA said that the CME that struck the Parker Solar Probe was "one of the most powerful coronal mass ejections ever recorded." The Parker Solar Probe's mission to touch the sunAn artist's illustration of the Parker Solar Probe approaching the sun. NASAThe Parker Solar Probe was designed specifically to study the sun.

Persons: NASA's Parker, Parker, Johns Hopkins, it's, Jim Kinnison, We're, Russ Howard Organizations: NASA, Parker, Probe, Service, Solar Probe, Johns Hopkins Applied Physics, CME, NASA's Parker Solar Probe, Johns Hopkins Applied Physics Laboratory Locations: Wall, Silicon, CMEs

WASHINGTON, Sept 19 (Reuters) - The U.S. Federal Reserve kicks off a two-day policy meeting on Tuesday with officials widely expected to keep interest rates on hold for now, but also flagging in new economic projections whether they feel rates still need to rise further before the end of the year. A new policy statement and interest rate decision will be released at 2 p.m. EDT (1800 GMT) on Wednesday, with Fed Chair Jerome Powell scheduled to hold a press conference at 2:30 p.m. to elaborate. Reuters Graphics Reuters GraphicsIn June the Fed paused, but the quarterly economic projections accompanying that decision showed 12 of 18 policymakers still anticipated two more quarter-point rate increases by the end of the year. But how fast and when that occurs remains a matter of debate within the Fed and depends on how fast inflation falls. But it may mean rates stay higher for longer than the public currently expects.

Persons: Jerome Powell, Morgan, Michael Feroli, Feroli, Powell, Michael Gapen, Howard Schneider, Dan Burns, Andrea Ricci Organizations: U.S . Federal Reserve, Reuters Graphics Reuters, Fed, Bank of America, Thomson Locations: synch

Student loan repayments restart in October after a three-year suspension during the COVID-19 pandemic. In isolation, none would likely shift policymakers' sense of the short-term risks or change their focus on quelling still-elevated inflation. By Goldman's estimate the economy would still be growing at a 1.3% annual rate at that point. But the amounts they see sliced from GDP are more than the 1% growth rate Fed officials expected the economy to muster as of June, and beyond many private forecasts as well. Some economists say the resumption of student loan repayments for tens of millions of borrowers may already be reshaping behavior.

Persons: Goldman Sachs, Vincent Reinhart, Reinhart, Michael Pearce, Ian Shepherdson, Kieran Clancy, They've, Howard Schneider, Dan Burns, Andrea Ricci Organizations: . Federal Reserve, United Auto Workers, Federal, Republicans, Reuters Graphics Reuters, Mellon, Reuters, Oxford Economics, Congressional, U.S . Department, Education, Thomson

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