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[1/4] A man identified as a suspect by police points what appears to be a semiautomatic rifle, in Lewiston, Maine, U.S., October 25, 2023. Androscoggin County Sheriff’s Office via Facebook/Handout via REUTERS Acquire Licensing RightsOct 25 (Reuters) - At least 22 people were killed and 50 to 60 wounded on Wednesday in mass shootings at multiple locations including a bowling alley and a bar in Lewiston, Maine, NBC News reported, citing a Lewiston police source. "There is an active shooter in Lewiston," Maine state police said previously on the social media platform X. The Sun Journal, citing a Lewiston police spokesperson, reported shootings at three separate businesses: the Sparetime Recreation bowling alley, Schemengees Bar & Grille Restaurant, and a Walmart distribution center. The number of annual homicides in the state has fluctuated between 16 and 29 since 2012, according to Maine State Police.

Persons: Robert Card, Joe Biden, Janet Mills, Senators Angus King, Susan Collins, Jared Golden, Daniel Trotta, Julia Harte, Steve Gorman, Trevor Hunnicutt, Sandra Maler, Ross Colvin, Lincoln, Raju Gopalakrishnan Organizations: Facebook, REUTERS Acquire, NBC News, Lewiston Police Department, Police, Sun, Central Maine Medical Center, U.S, Senators, El Paso Walmart, AK, Maine State Police, Thomson Locations: Lewiston , Maine, U.S, Androscoggin County, Lewiston, Maine, Maine's, Portland . Lewiston, Augusta, Portland, Washington, United States, El Paso, Las Vegas

Gaetz, a far-right House Republican who viewed Speaker Kevin McCarthy as too willing to compromise with Democrats, started a process three weeks ago to unseat him. Not only did that effort work, but House Republicans emerged from their recent chaos yesterday to elect Mike Johnson as the new speaker. “Because now we have both a man and a plan.”Johnson had little national profile until he emerged as the leading candidate for speaker on Tuesday night. Unlike the three failed speaker candidates who came before him, Johnson has few enemies among House Republicans. His hallmark in Congress, our colleague Annie Karni wrote in a profile of Johnson, “has been combining his hard-line views with a gentle personal style.”

Persons: Matt Gaetz’s, Kevin McCarthy, Mike Johnson, Johnson, McCarthy, “, ” Gaetz, ” Johnson, Susan Collins, Annie Karni Organizations: Republican, Democrats, Republicans, 118th, Wall Street, Maine Republican, House Republicans Locations: Maine

☆ The Fed is about to make its next move. Here are 8 quotes from Jerome Powell and other central bankers that point to what comes next.
▼ + stars: | 2023-10-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

After 11 interest rate hikes, Federal Reserve officials appear divided on next steps. Jerome Powell and other central bankers have signaled another rate hike could be on the table. Since the Federal Open Market Committee's September meeting, several central bankers have signaled that interest rates could still go higher. Atlanta Fed President, Raphael Bostic, October 20: "I really do try to keep people focused on what inflation is, still at 3.7%. Federal Reserve chairman, Jerome Powell, October 19: "Financial conditions have tightened significantly in recent months, and longer-term bond yields have been an important driving factor in this tightening.

Persons: Jerome Powell, —, CME's, Patrick Harker, Raphael Bostic, Neel Kashkari, Lorie Logan, Christopher Waller, Susan Collins Organizations: Federal Reserve, Service, Federal, Market, Philadelphia Fed, Atlanta Fed, Minneapolis Fed, Dallas Fed, Governors, Boston Fed

Elected officials in Maine reacting to initial reports of the shooting in Lewiston expressed concern about the violence that had visited their community and shared words of sympathy with the friends and relatives of those caught in the shooting. A spokesman for Senator Angus King said that President Biden had reached out to the senator and pledged any federal assistance needed for the state. Janet Mills of Maine said on X that she had been “briefed on the active shooter situation” and urged residents to follow the directions of law enforcement. President Biden was briefed “on what’s known so far about the mass shooting in Lewiston, Maine, and will continue to receive updates,” the White House said in a statement. Our leaders must act.”Reid J. Epstein , Víctor Manuel Ramos and Ben Shpigel contributed reporting.

Persons: Chellie Pingree, Maine, Angus King, Mr, King, Biden, Susan Collins, ”, we’ve, Collins, Janet Mills, “, Jared Golden, Gabrielle Giffords, ” Reid J, Epstein, Víctor Manuel Ramos, Ben Shpigel Organizations: Gov, Democrat Locations: Maine, Lewiston, Lewiston , Maine, Arizona

☆ 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

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Wells Fargo gains as Q3 profit risesJPMorgan Q3 profit rises on interest income boostBlackRock reports Q3 profit growthUnitedHealth gains on Q3 profit beatFutures: Dow flat, S&P down 0.18%, Nasdaq down 0.43%Oct 13 (Reuters) - Futures tracking Wall Street's main indexes fell on Friday as investors assessed earnings from big U.S. banks, while Treasury yields eased following a spike in the previous session. JPMorgan Chase(JPM.N), the biggest U.S. bank, posted a jump in third-quarter profit as higher interest rates boosted its income from loans. BlackRock (BLK.N) reported a 13% rise in third-quarter profit on a rebound in markets. UnitedHealth (UNH.N) advanced 2.5% after beating third-quarter profit estimates, helped by lower-than-expected medical costs for the healthcare conglomerate. Traders put the chance of interest rates remaining unchanged in November and December at around 92% and around 69%, respectively, according to CME's FedWatch tool.

Persons: Brendan McDermid, JPMorgan Chase, Wells Fargo, Rob Swanke, Patrick Harker, Susan Collins, Todd Vasos, Jeffery Owen, Shashwat Chauhan, Ankika Biswas, Saumyadeb Organizations: New York Stock Exchange, REUTERS, Companies Wells, JPMorgan, BlackRock, Dow, Nasdaq, U.S, Citigroup, Commonwealth Financial Network, Fed Bank of Philadelphia, Federal Reserve Bank of Boston, Traders, University of Michigan's, Dow e, Investors, Hamas, Exxon Mobil, Chevron, Callon Petroleum, Occidental Petroleum, Dollar, Boeing, Thomson Locations: New York City, U.S, BLK.N, Israel, Gaza City, Bengaluru

☆ Futures edge lower ahead of big bank earnings
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

SummaryCompanies Futures down: Dow 0.02%, S&P 0.11%, Nasdaq 0.25%Oct 13 (Reuters) - Futures tracking Wall Street's main stock indexes edged lower on Friday as investors looked ahead to earnings reports from big U.S. banks, while Treasury yields eased after a spike in the previous session. JPMorgan Chase (JPM.N), Wells Fargo (WFC.N) and Citigroup (C.N) are scheduled to report quarterly numbers before the opening bell. Asset manager BlackRock (BLK.N), health insurer UnitedHealth Group (UNH.N) and regional lender PNC Financial (PNC.N) are also slated to report earnings. Remarks from Fed Bank of Philadelphia President Patrick Harker, a voting member on the rate-setting Federal Open Market Committee (FOMC) this year, would also be on investors' radar during the day. On the data front, a preliminary estimate of the University of Michigan's October Consumer Sentiment Index is due at 10 a.m.

Persons: JPMorgan Chase, Rob Swanke, Patrick Harker, Susan Collins, Todd Vasos, Jeffery Owen, Shashwat Chauhan, Saumyadeb Organizations: Dow, Nasdaq, JPMorgan, Citigroup, BlackRock, UnitedHealth, PNC Financial, Commonwealth Financial Network, Fed Bank of New, Fed Bank of Philadelphia, Market, Federal Reserve Bank of Boston, Traders, Treasury, University of Michigan's, Dow e, Hamas, Thomson Locations: Wells Fargo, Fed Bank of New York, U.S, Israel, Gaza City, Bengaluru

After the data, the S&P 500 spent the morning zig-zagging between red and green. U.S. benchmark 10-year yields rose after the inflation data and rose further to hit a session high after the auction. The rise in yields particularly pressured rate-sensitive sectors such as utilities (.SPLRCU) and real estate (.SPLRCR), often viewed as bond proxies. Homebuilding stocks fell after the data and came under more pressure after the afternoon increase in bond yields. Traders now expect a stronger chance the Fed will end up delivering another interest-rate hike this year, and keep rates higher for longer next year.

Persons: Brendan McDermid, Treasuries, Michael James, James, Susan Collins, Israel, Sinéad Carew, Amruta, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Dasgupta, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Wedbush Securities, Nasdaq, Dow Jones, Traders, Boston, Market, JPMorgan Chase, Citigroup, Ford, United Auto Workers, UAW, Thomson Locations: New York City, U.S, Los Angeles, Gaza, Wells Fargo, New York, Bengaluru

☆ Fed's Collins says CPI data drives home uneven progress on restoring price stability
▼ + stars: | 2023-10-12 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

Collins appeared to view higher borrowing costs as buying the Fed some space to take in incoming data. If the rise in yields persists, “it likely reduces the need for further monetary policy tightening in the near term,” Collins said. It showed progress on underlying price pressures but the overall reading rose by 3.7% versus a year ago, the same gain as August. “Today’s CPI release is a reminder that restoring price stability will take time,” and it remains a question whether inflation is moving sustainably on a path back to the target, the official said. Collins added that the core service prices stripped of housing factors have yet to make much progress toward lower levels.

Persons: Susan Collins, Ann Saphir, ” Collins, Collins, “, Michael S, Mark Porter Organizations: Reserve Bank of Boston, Kansas City Fed, REUTERS, Federal Reserve Bank of Boston, Fed, Thomson Locations: Jackson, Wyoming, U.S

☆ Morning Bid: Inflation test looms for Fed doves
▼ + stars: | 2023-10-12 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

For now, the consistent and - for equity investors - very welcome refrain from Fed officials that caution is warranted before further rate rises has drowned out any concerns about data. But just how quickly markets turned at the start of the week shows how quickly they could turn again. Despite the dovish trimmings, the core Fed message remains that rates will rise as far as they have to in order to rein in inflation. Fed regional bank heads Lorie Logan, Susan Collins and Raphael Bostic have the chance to air their views in remarks at separate events today. It's a big day for British data as well, with GDP and industrial production due first thing.

Persons: Kevin Buckland, Lorie Logan, Susan Collins, Raphael Bostic, Huw Pill, Andrew Bailey, BoE, Sam Holmes Organizations: Japan's Nikkei, Hong, Reuters, Bank of England, IMF, Bank, U.S . CPI, Thomson Locations: Asia, Washington, Marrakesh

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The Labor Department report showed U.S. consumer prices rose 0.4% in September versus estimates of a 0.3% rise, according to economists polled by Reuters. Prices rose to 3.7% against estimates of 3.6% in the 12 months through September. Core CPI, which excludes volatile food and energy prices, rose 0.3% in line with estimates. Reuters GraphicsAnother set of data showed jobless claims rose 209,000 for the week ended Oct. 7, lower than an estimated 210,000 rise.

Persons: Brendan McDermid, Israel, Hogan, Riley, Susan Collins, Atlanta's Raphael Bostic, Kan, advancers, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Labor Department, Reuters, CPI, Traders, Federal, Boston, Public, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Gaza, Bengaluru

☆ Stock futures inch higher as Wall Street awaits key inflation data: Live updates
▼ + stars: | 2023-10-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City. U.S. stock futures ticked up Wednesday night as investors looked toward new consumer inflation data for greater insight on the economy. Futures tied to the Dow Jones Industrial Average added 38 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures inched up about 0.2% each. "[August's] CPI print was a bit stronger than we anticipated, though the downward trend in core inflation persisted.

Persons: Dow Jones, Andrew Patterson, Raphael Bostic, Susan Collins Organizations: New York Stock Exchange, Futures, Dow Jones, Nasdaq, Dow, Investors, Federal Reserve, Vanguard, Traders, Atlanta Fed, Boston Fed, Delta Air Lines, Walgreens Boots Alliance Locations: New York City . U.S, Israel

☆ Fed Collins: Inflation still too high, Fed should assess new info
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Collins: Inflation still too high, Fed should assess new infoCNBC's Steve Liesman joins 'Closing Bell: Overtime' to discuss the latest comments from Boston Fed President Susan Collins.

Persons: Steve Liesman, Susan Collins Organizations: Boston Fed

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. ET is expected to show the producer price index for final demand increased 0.3% last month after a 0.7% rise in August, ahead of Thursday's closely watched consumer inflation data. Yields on government bonds have eased from their multi-year highs on dovish remarks from Fed officials earlier this week. Central bank officials such as Fed Governor Christopher Waller, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins are also scheduled to speak on Wednesday. Exxon Mobil (XOM.N) lost 1.7% as the oil and gas producer is set to buy shale producer Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion.

Persons: Brendan McDermid, Fed's Bowman, Michelle Bowman, Christopher Waller, Raphael Bostic, Susan Collins, Mark Haefele, Birkenstock, Tim Wentworth, Piper Sandler, Drugmaker Eli Lilly, LLY.N, Novo, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Fed's Bowman Exxon, Futures, Dow, Nasdaq, Treasury, Federal, Labor Department, Atlanta Fed, Boston Fed, UBS Global Wealth Management, Traders, Microsoft, Nvidia, Palestinian, Hamas, Dow e, Walgreens Boots Alliance, Arista Networks, Exxon Mobil, Natural Resources, Novo Nordisk's, Baxter International, Thomson Locations: New York City, U.S, Gaza, Thursday's, Middle East, Israel, Bengaluru

The Hamas terrorist attack on Israel is reprehensible. Israel is under heavy attack right now by Hamas and taking action to defend itself and its people. Israel has every right to defend itself.”Sen. Jon Tester, Montana Democrat“I strongly condemn the terrorist attacks launched by Hamas against our ally Israel. I will continue to closely monitor the situation.”Sen. Maggie Hassan, New Hampshire Democrat“Hamas’s terrorist attack on Israel is nothing short of horrifying. Israel has every right to defend itself from this unjust war.”Sen. Ron Wyden, Oregon Democrat“The terrorist attack on Israel is appalling.

Persons: Hakeem Jeffries, “, Steve Scalise, ” Kevin McCarthy, ” Chuck Schumer, –, Herzog –, ” Mitch McConnell, ” Tom Emmer, ” Katherine Clarke, ” Dick Durbin, ” John Thune, ” Sen, Debbie Stabenow, Michigan Democrat “, Israel, Amy Klobuchar, Mark Warner, Elizabeth Warren, Massachusetts Democrat “, Bernie Sanders, Cory Booker, Cory Booker , New Jersey Democrat “, Joe Manchin, West Virginia Democrat “, Tammy Baldwin, Wisconsin Democrat “, Gary Peters, Gary Peters , Michigan Democrat “, Catherine Cortez Masto, Brian Schatz, Hawaii Democrat “, Jeff Merkley, Oregon Democrat “, John Barrasso, Joni Ernst, Iowa Republican “, Sen, Shelley Moore Capito, West Virginia Republican “, Steve Daines, Montana Republican “, Mike Lee, Mike Crapo, Chuck Grassley, Tommy Tuberville, Katie Britt, Lisa Murkowski, Dan Sullivan, Kyrsten, Mark Kelly, John Boozman, Tom Cotton, Arkansas Republican “, Alex Padilla, Laphonza Butler, California Democrat “, today’s, Michael Bennet, Colorado Democrat “, John Hickenlooper, Richard Blumenthal, Connecticut Democrat “, Chris Murphy, Tom Carper, Delaware Democrat “, Chris Coons, Marco Rubio, Rick Scott, Jon Ossoff, Georgia Democrat “, Anat Sultan, Raphael Warnock, “ I’m, Mazie, Tammy Duckworth, Todd Young, Mike Braun, Jerry Moran, Kansas Republican “, Hamas’s, Roger Marshall, Netanyahu, Rand Paul, Kentucky Republican “, Bill Cassidy, John Kennedy, Susan Collins, Maine Republican “, Ben Cardin, Maryland Democrat “, Chris Van Hollen, Ed Markey, Tina Smith, Minnesota Democrat “, Roger Wicker ,, Roger Wicker , Mississippi Republican “, Cindy Hyde, Josh Hawley, Eric Schmitt, Jon Tester, Montana Democrat “, Deb Fischer, Nebraska Republican “, Pete Ricketts, Jacky Rosen, Nevada Democrat “, Jeanne Shaheen, Jeanne Shaheen , New Hampshire Democrat “, Maggie Hassan, Maggie Hassan , New Hampshire Democrat “, Bob Menendez, Bob Menendez , New Jersey Democrat “, Martin Heinrich, New Mexico Democrat “, Biden, Ben Ray Lujan, Kirsten Gillibrand, New York Democrat “ I'm, Thom Tillis, Ted Budd, North Carolina Republican “, John Hoeven, John Hoeven , North Dakota Republican “, Kevin Cramer, Sherrod Brown, Ohio Democrat “, J.D, ”, Vance, James Lankford, Markwayne Mullin, Israel –, Ron Wyden, Bob Casey, John Fetterman, craven, Jack Reed, Sheldon Whitehouse, Lindsey Graham, Tim Scott, South Carolina Republican “ I’m, Mike Rounds, South Dakota Republican “ Shocked, Marsha Blackburn, Marsha Blackburn , Tennessee Republican “ Israel, Bill Haggerty, Tennessee Republican “, John Cornyn, John Cornyn , Texas Republican “, Ted Cruz, Mitt, Vile, Peter Welch, Vermont Democrat “, Tim Kaine, Patty Murray, Washington Democrat “, Maria Cantwell, Ron Johnson, Wisconsin Republican “ Israel, Cynthia Lummis, Wyoming Republican “, Jim Jordan, Jared Moskowitz, Abigail Spanberger, Elissa Slotkin, Don Bacon, perpetrating, Cori Bush, Missouri Democrat “, Kevin Hern, Kevin Hern , Oklahoma Republican “, ” Rep, Ritchie Torres, Ritchie Torres , New York Democrat “, Michael McCaul, Michael McCaul , Texas Republican “ I, Ilhan Omar Organizations: Palestinian, Hamas, Biden, House, Michigan Democrat, Minnesota Democrat, Virginia Democrat “, Senate Intelligence, Massachusetts Democrat, Islamic, Cory Booker , New, Cory Booker , New Jersey Democrat, West Virginia Democrat, Wisconsin Democrat, Gary Peters , Michigan Democrat, Nevada Democrat, Hawaii Democrat, State, Oregon Democrat, John Barrasso , Wyoming Republican, Iowa Republican, West Virginia Republican, Montana Republican, Utah Republican, Idaho Republican, Alabama Republican, Alaska Republican, Alaska Republican “, Arizona Democrat, John Boozman , Arkansas Republican “, Jewish, Arkansas Republican, California Democrat, Colorado Democrat, Connecticut Democrat, Delaware Democrat, Israel, Florida Republican, Georgia Democrat, Hawaii Democrat “, Indiana Republican, Indiana Republican “, Kansas Republican, Kentucky Republican, Louisiana Republican, Maine Republican, Maryland Democrat, Roger Wicker , Mississippi Republican, Smith , Mississippi Republican, Josh Hawley , Missouri Republican, Missouri Republican, Montana Democrat, Nebraska Republican, Jeanne Shaheen , New, Jeanne Shaheen , New Hampshire Democrat, Maggie Hassan , New Hampshire Democrat, Bob Menendez , New, Bob Menendez , New Jersey Democrat, New Mexico Democrat, New, New York Democrat, United, North Carolina Republican, John Hoeven , North Dakota Republican, Kevin Cramer , North Dakota Republican “, Ohio Democrat, Vance , Ohio Republican, James Lankford , Oklahoma Republican, Oklahoma Republican, “ Hamas, Rhode, Lindsey Graham , South Carolina Republican, South Carolina Republican, South Dakota Republican, Marsha Blackburn , Tennessee Republican, Tennessee Republican, John Cornyn , Texas Republican, Ted Cruz , Texas Republican, Vermont Democrat, Washington Democrat, Wisconsin Republican, Wyoming Republican, ”, Ohio Republican “, Missouri Democrat, Kevin Hern , Oklahoma Republican, Ritchie Torres , New, Ritchie Torres , New York Democrat, Jewish State, Michael McCaul , Texas Republican Locations: Israel, United States, Tehran, The United States, Iran, Michigan, U.S, Minnesota, Massachusetts, Vermont, Cory Booker ,, Cory Booker , New Jersey, West Virginia, Wisconsin, Gary Peters , Michigan, Nevada, Hawaii, Oregon, John Barrasso , Wyoming, America, Iowa, West, Montana, Iranian, Utah, Idaho, Alabama, Alaska, Alaska Republican “ America, @Israel, Kyrsten Sinema, Arizona, John Boozman , Arkansas, Jewish State, Arkansas, Saudi Arabia, California, Gaza, Colorado, Connecticut, Delaware, Florida, Georgia, Mazie Hirono, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Palestine, Roger Wicker , Mississippi, Smith , Mississippi, Josh Hawley , Missouri, Missouri, Nebraska, Jeanne Shaheen ,, Jeanne Shaheen , New Hampshire, Maggie Hassan , New Hampshire, Bob Menendez ,, Bob Menendez , New Jersey, New Mexico, New York, North, John Hoeven , North, Kevin Cramer , North, Ohio, Vance , Ohio, James Lankford , Oklahoma, Oklahoma, Pennsylvania, Rhode Island, Lindsey Graham , South, South, States, Marsha Blackburn , Tennessee, Tennessee, John Cornyn , Texas, Ted Cruz , Texas, Mitt Romney, Virginia, “ Hamas, Washington, Wyoming, Ohio Republican “ America, Kevin Hern , Oklahoma, Ritchie Torres ,, Ritchie Torres , New York, Michael McCaul , Texas

Sen. Dianne Feinstein, whose trailblazing career embodied the rise of women in politics, the movement for gun safety and, finally, a determination to keep serving her California constituents despite illness and advancing age, has died. In the past two years, it was apparent Feinstein was having memory issues, and sometimes appeared befuddled on Capitol Hill. Tributes from lawmakers in both parties flowed Friday morning, as somber Senate lawmakers mourned the loss of their colleague. Rep. Nancy Pelosi, California Democrat and House speaker emeritus, sat in the Senate gallery, listening to the tearful tributes with Feinstein's daughter, Katherine. Sen. Lisa Murkowski, Alaska Republican, lauded "the beauty of Dianne Feinstein" and chastised those who pressured Feinstein to step down, not appreciating the sacrifices the ailing California lawmaker made to serve her state.

Persons: Sen, Dianne Feinstein, Feinstein, Chuck Schumer, Nancy Pelosi, Feinstein's, Katherine, Republican Sen, Susan Collins of, Collins, Lisa Murkowski, Murkowski, Patty Murray, Murray, Joe Biden, Dianne, –, Biden, Jill, ”, George Moscone, Harvey Milk, Dan White, Anita Hill, Clarence Thomas, Thomas, Barbara Boxer, GOP Sen, Pete Wilson, Feinstein –, Ted Cruz, I've, Sandy Hook, John McCain, Barack Obama, Gavin Newsom Organizations: Capitol, demurred, New, New York Democrat, California Democrat, Republican, Alaska Republican, Washington Democrat, San Francisco City Hall, San Francisco, California, GOP, Democratic, CIA, Gov, Democrat, California Democrats, Democrats Locations: California, New York, Susan Collins of Maine, Alaska, Washington, San Francisco, San, Delaware, Ted Cruz of Texas, –, Connecticut, Iraq

"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

☆ Stocks stall, yields climb on "higher for longer" rate worries
▼ + stars: | 2023-09-22 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

U.S. stock futures , , were slightly firmer ahead of the opening bell on Wall Street, signalling a pause after sharp losses on Thursday amid uncertainty over interest rates going into 2024. Benchmark 10-year U.S. Treasury yields hit a 16-year high of 4.508%, later trading at 4.48%, while 30-year yields hit their highest in a dozen years. The Fed revised downwards its unemployment rate forecast for next year, and if the U.S. economic data continued to improve, it would put "upside risk" on interest rates, making the need for a soft landing all the greater, Osman added. Ten-year Japanese government bond futures rallied though cash yields were little changed and near decade highs at 0.745%. Gold firmed 0.3% to $1,925 an ounce despite pressure from the stronger dollar and bond yields.

Persons: what's, Eren Osman, Arbuthnot Latham, Osman, Mary Daly, Neel Kashkari, Susan Collins, Lisa Cook, Craig Ebert, Huw Jones, Tom Westbrook, Edmund Klamann, Kim Coghill, Rashmi Organizations: Bank of Japan, Global, Nasdaq, Treasury, ING, Bank of, Japan's Nikkei, Investors, Bank of England, Swiss, Swiss National Bank, JPMorgan, Thomson Locations: Europe, U.S, Asia, Japan, China, Sweden, Norway, BNZ, Wellington

☆ Morning Bid: Edgy market calm after worst day of 2023
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +5 min

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. World stocks captured by MSCI's all-country index (.MIWD0000PUS) recorded their worst day of the year so far - dropping 1.69%. The yen fell back again but the dollar/yen rate remained below Thursday's 2023 high of 148.45. The pound hit its lowest level since March and 10-year British gilt yields fell to their lowest level since July. Elsewhere, oil prices nudged higher again on Friday as concerns that a Russian ban on fuel exports could tighten global.

Persons: Sarah Silbiger, Mike Dolan Punch, Rupert Murdoch, Lisa Cook, Susan Collins, Neel Kashkari, Mary Daly Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Bank of Japan, Fed, European Central Bank and Bank of England, Treasury, Sterling, of, Activision Blizzard, Markets Authority, Ubisoft, Cisco Systems, Cisco, Fox Corp, News Corp, JPMorgan, Federal Reserve, Boston, Minneapolis Fed, San Francisco Fed, Reuters Graphics Reuters, Reuters, Thomson Locations: Washington ,, U.S, Australia, Britain, United States, India

☆ Two key Fed officials express support for keeping interest rates high
▼ + stars: | 2023-09-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Two Federal Reserve policymakers expressed support Friday for keeping interest rates elevated as the battle against too-high inflation continues. In separate speeches, Governor Michelle Bowman and Boston Fed President Susan Collins said there's still the possibility that the Fed will have to raise rates further if economic data doesn't cooperate. The commentary comes two days after the rate-setting Federal Open Market Committee decided not to raise rates following its two-day meeting. While choosing not to raise rates, officials indicated they still see one more increase coming this year, then potentially two cuts in 2024, assuming moves of 0.25 percentage point at a time. "There are some promising signs that inflation is moderating and the economy rebalancing," Collins said.

Persons: Susan Collins, Michelle Bowman, there's, Bowman's, Bowman, Collins, it's Organizations: Federal Reserve Bank of Boston, National Association of Business Economics, Federal, Boston Fed, Market Locations: Washington , DC, Vail , Colorado, Maine

☆ Sen. Susan Collins says she'd 'wear a bikini' to the Capitol in protest after the Senate loosened its dress code
▼ + stars: | 2023-09-19 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Sunday, Axios reported that the Senate won't be enforcing its dress code any longer. In response, 70-year-old Sen. Susan Collins joked that she'd wear a bikini on the Senate floor. She said the lack of a dress code "debases the institution." "I plan to wear a bikini tomorrow to the Senate floor and Chris Coons is gonna wear shorts because there's no dress code anymore," Collins said before adding that doing "away with the dress code, to me, debases the institution." GOP firebrand Rep. Marjorie Taylor Greene tweeted on Sunday that she thought the change in dress code was made simply "to appease Fetterman," which she said "is disgraceful."

Persons: Axios, Sen, Susan Collins, Chuck Schumer, Collins, Chris Coons, Democratic Sen, John Fetterman, Cynthia Lummis, Marjorie Taylor Greene, Fetterman, haven't, Lauren Boebert groped, Fetterman's, Capitol . Texas Sen, Ted Cruz Organizations: Service, Capitol, Democratic, GOP, Fox News, Twitter, Capitol . Texas Locations: Wall, Silicon

☆ Ted Cruz, known to wear workout clothes to votes, isn't outraged about the Senate's new dress code
▼ + stars: | 2023-09-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

The Senate has relaxed its dress code, allowing senators to wear any attire in the chamber. Ted Cruz, who sometimes walks to votes in workout clothes, was less angry about the change than others. But he's not alone: Republican Sen. Ted Cruz of Texas is also known to wear workout clothes from time to time, especially around unexpected afternoon votes. "I plan to wear a bikini tomorrow to the Senate floor," Republican Sen. Susan Collins joked to reporters, saying the change "debases the institution." And on Twitter, Cruz has made light of the changes, assuring his followers that he will not be wearing a speedo on the Senate floor.

Persons: Ted Cruz, John Fetterman isn't, Axios, they've, he's, Republican Sen, Ted Cruz of, Cruz's, Susan Collins, Mike Lee, Cruz, I've Organizations: Service, Democratic, Republican, Cruz's Republican, Bloomberg, Senate, Twitter Locations: Wall, Silicon, Pennsylvania, Ted Cruz of Texas

Majority Leader Chuck Schumer said Monday that staff for the chamber’s Sergeant-at-Arms — the Senate's official clothes police — will no longer enforce a dress code on the Senate floor. “Senators are able to choose what they wear on the Senate floor. I will continue to wear a suit.”Schumer did not mention Fetterman in his statement about the dress code, which will only apply to senators, not staff. “I plan to wear a bikini tomorrow to the Senate floor,” Collins joked. “Now I can vote from the Senate floor on Mondays,” Hawley said, noting that he usually wears a suit and tie every other day.

Persons: Chuck Schumer, Pennsylvania Sen, John Fetterman, ” Schumer, Fetterman, Kansas Sen, Roger Marshall, it’s, Schumer, “, ” Marshall, Republican Sen, Susan Collins of, ” Collins, ”, “ They’re, Missouri Sen, Josh Hawley, ” Hawley, Connecticut Sen, Chris Murphy, he’s, Sergeant, ” Murphy, ” Fetterman, Kevin Freking Organizations: WASHINGTON, Senators, Kansas, Republican, Senate, Democrat, Arms, Associated Press Locations: Pennsylvania, Kansas, Susan Collins of Maine, Missouri, Connecticut

As a result, they’re almost sure to leave their key interest rate unchanged when their meeting ends Wednesday. Claudia Sahm, a former Fed economist, said she thinks a “soft landing,” in which the Fed manages to curb inflation without causing a recession, remains possible. But she cautioned that inflation might stay higher for longer than the central bank expects. Or, she suggested, the cumulative effects of the Fed's 11 rate hikes could ultimately tip the economy into recession. “I expect we’ll need to hold rates at restrictive levels for some time,” said Susan Collins, president of the Federal Reserve Bank of Boston.

Persons: they’re, Jerome Powell, Claudia Sahm, ” Sahm, “ They’re, ”, Christopher Waller, Powell, “, They're, Jose Torres, Susan Collins, Lorie Logan, William English Organizations: WASHINGTON, Federal, Wall Street, Fed, Fed's, Governors, CNBC, Interactive, Federal Reserve Bank of Boston, Dallas Fed, European Central Bank, Bank of England, Bank of Japan, “, Yale School of Management Locations: Jackson Hole , Wyoming, Ukraine, U.S

House Republicans, trying to win support from the far-right wing of the party, have loaded up their government funding packages with spending cuts and conservative policy priorities. Political Cartoons View All 1163 ImagesThe Senate strategy is being led by the first female duo to hold the top leadership spots on the Senate Appropriations Committee, Sens. But as the Senate grinds toward votes on their funding bills, they have won plaudits from leadership in both parties. A few GOP senators allied with conservatives in the House are working to slow the Senate’s work on appropriations bills. They have also loaded the House's appropriations bills with conservative policy wins, ensuring Democratic opposition.

Persons: Patty Murray, Susan Collins, “, ” Murray, Murray, Collins, Chuck Schumer, Mitch McConnell, Collins “, ” Collins, Kevin McCarthy, you’ve, ” McCarthy, Kay Granger, Rosa DeLauro, Conn, McCarthy, gavel, Joe Biden, Biden, ”, Hakeem Jeffries, Republican appropriators, Tom Cole of, ” “ We’re, Don Bacon Organizations: WASHINGTON, Capitol, House Republicans, GOP, Democrats, Associated Press, Republicans, Republican, Caucus, American, Democratic, “, Department of, Social Security Locations: United States, Ukraine, Maine, Washington, Kentucky, Kay Granger of Texas, Texas, New York, Tom Cole of Oklahoma

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