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Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Asked on Thursday about the likelihood of one or no Fed interest rate cuts this year, Blitz said that it's "getting pretty good. Blitz said markets will likely continue to march higher, even if the Fed decides not to impose any interest rate cuts this year — a prospect that U.S. asset manager Vanguard named as their base-case scenario. Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024.
Persons: Jerome Powell, William McChesney Martin, Chip Somodevilla, Steven Blitz, Blitz, They're, CNBC's, it's, Christopher Waller, Waller, Raphael Bostic, Jerome, Powell Organizations: Bank, Getty, Federal Reserve, TS Lombard, Traders, Fed, Vanguard, Economic, of New, Atlanta Federal Reserve, US Federal Reserve, Bloomberg Locations: Washington ,, U.S, of New York, Atlanta, Washington , DC
Why this artist is making ink from guns
  + stars: | 2024-03-28 | by ( Jacqui Palumbo | ) edition.cnn.com   time to read: +10 min
Nearly 43,000 people died from gun injuries across the US in 2023, according to the database Gun Violence Archive. Red, for example, requires roasting the iron sulfate; yellow, the more finnicky hue, is the result of mixing the iron sulfate with an alkali like baking soda. Because of the time and labor involved to make the pigments, Little only produces them in “special batches” for artists who seek them out. It’s like gun violence in that this small thing can do so much, and it’s so potent.”Little's large batch of ink for the artist Christina Kwan, who has been experimenting with his materials. Thomas LittleKwan says she has anxiety over gun violence in the US, particularly after the birth of her child.
Persons: CNN —, Thomas Little, Little, “ I’ve, ” Little, , , Little's van, Helen Hill, , Smith, Thomas Little Black, he’s, I’ve, Christina Kwan, Kwan, ” Kwan, Aram Han Sifuentes, Han Sifuentes, Han, Thomas Little Kwan, Christina Kwan Little, , ” He’s, lightheartedly Organizations: CNN, Beretta, Wesson, National Liberty Museum Locations: North Carolina, Little’s, New Orleans, Sampson County, Atlanta, Little, Chicago, Philadelphia
Just one week later, it topped the Hot 100, even though some country radio stations initially refused to play it. Many Black artists creating country music have already seen major boosts in streaming numbers. "There are a lot of Black people who love country music, that have been afraid to say that they love country music, even afraid to make country music." Ice breakers: In the six weeks since Beyoncé dropped the two lead singles from "Cowboy Carter," Shaboozey has felt a palpable uptick in attention surrounding Black country artists. Listen to a roundup of key tracks by Black country artists on Business Insider's Spotify.
Persons: Lil Nas, Beyoncé, Carter, It's, she's, Pablo, Don, gatekeepers, Billboard's Kyle Denis, Cowboy Carter, Tanner Adell, Chase Foster, Tanner, Adell, Josh Turner, Shania Twain, Texas, doesn't, Queen Bey, Buckle, Luke Combs, Daniel Prakopcyk, Shaboozey, Collins Chibueze, Southern, Marty Robbins, Woody Guthrie, I've, Kashus Culpepper, Buffalo Kin, Valerie June, Brittany Howard, Breland, Henry Ammann, Nelly, Tim McGraw, Daniel Gerard Breland, Nashville darlings, Thomas Rhett, Keith Urban, Blanco Brown, Blanco, Brown, Tim McGraw's, he's, He's, Tiera Kennedy, Alexa Campbell, Tiera, Kennedy, Dolly Parton, Johnny Cash, who've Organizations: Chicks, Business, Dallas Cowboys, Buffalo, BI, Nashville, LaFace Records, Buffalo Wild Wings, Spotify Locations: Texas, Houston, Nashville, Kentucky, California, Wyoming, Church, Star Valley , Wyoming, Plano, Beverly, Virginia, America, New Jersey, Atlanta, Butler , Georgia, Alabama
It took Precious Price eight months and $35,000 to convert a 12-by-24-food shed into a tiny home in her backyard in Atlanta. Try hitting Ctrl + F to look for the terms "accessory dwelling unit" or "guest house" in your zoning code. Plumbing and electricity aren't a givenShed options typically aren't equipped with essential utilities like plumbing and electrical systems. If you want a floor with that Costco shed, you're already up to $6,000, even with the sale. And the interior build-out adds up with insulation, drywall, plumbing, electrical wiring, and furnishings.
Persons: Precious Price, Jeffrey Beard, I've Organizations: Costco, CNBC Locations: Atlanta
CNN —The Republican operative who accused American Conservative Union chairman Matt Schlapp of sexual assault last year received a significant financial settlement in exchange for dropping his lawsuit against Schlapp, multiple sources familiar with the case told CNN. The $480,000 settlement was paid to Carlton Huffman through an insurance policy, according to a source familiar with the details. The original lawsuit filed by Huffman against Schlapp asked for more than $9 million in damages. Huffman told CNN that Schlapp made unwanted sexual advances, including groping and fondling his groin without consent, on the ride back from two Atlanta-area bars on October 19, 2022. A former official on the Walker campaign told CNN he does not believe the settlement exonerates Schlapp.
Persons: Matt Schlapp, Schlapp, Carlton Huffman, Huffman, , ” Schlapp, , ” Huffman, Tim Hyland, Mark Corallo, Donald Trump, George W, Bush, Mercedes Schlapp, Republican Herschel Walker’s, Charlie Gerow, Walker, Carlton, Huffman’s, ” “ Organizations: CNN, Republican, American Conservative, ACU, Washington Examiner, Political, Conference, House, Georgia GOP, Republican Herschel Walker’s Senate Locations: Atlanta, CPAC, Walker’s, Raleigh , North Carolina
With a penchant for adventure and the whole country at our fingertips, we've had a hard time choosing a single place to settle down. We were hungry for change and eager to find a place that felt like a better fit for us than our home ever had. Desperate for the freedom we'd felt in Denver, we moved back as soon as possible (in 2017, less than a year later). Kristen BringeShortly after returning to Denver, we had our daughter, which raised the stakes in our search for place perfection. We wanted to give her a great life and thought finding an ideal place to do so was essential.
Persons: , we've, We'd, we'd, Kristen Bringe, you've, Fort Collins Organizations: Service, Business, Denver Locations: United States, Atlanta , Georgia, Denver, Atlanta, Colorado, Fort Collins , Colorado, Bend , Oregon, Fort Collins
The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes. Not only was the system incapable of stopping the second train before it smashed into the back of a stopped train, but it also couldn't stop the third train. Congress required railroads to develop the positive train control system after a deadly 2008 collision between a Metrolink commuter train and a Union Pacific freight train in Chatsworth, California. Norfolk Southern's safety practices have been in the spotlight since one of its trains derailed in East Palestine, Ohio, in February 2023. The report also didn't say whether there were any curves or hills that made it hard for the crew to see the stopped train.
Persons: Chris Barkan, Keith Holloway Organizations: Norfolk Southern, National Transportation Safety, “ PTC, Union Pacific, Metrolink, NTSB, Rail Transportation, Engineering Center, University of Illinois Locations: Pennsylvania, Chatsworth , California, Lower Saucon Township, Lehigh, Atlanta, Norfolk, East Palestine , Ohio, Urbana, Champaign
That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. The stakes are high because there are consequences if the Fed cuts rates soon or if it leaves rates where they’ve been for the past eight months. First rate cut hinges on inflation dataIn February, Bostic told CNN that the first rate cut could come “sometime in the summertime.” That’s also Wall Street’s current expectation. He hasn’t specified — and is unlikely to signal — the number of rate cuts he believes are appropriate for this year. He has cheered inflation’s descent and said further improvement could open the door to rate cuts — if that actually bears out.
Persons: they’ve, Raphael Bostic, ” Bostic, Bostic, That’s, Powell hasn’t, Price, Nam, ” David Page, Powell, Rather, Jerome Powell, Chip Somodevilla, Lisa Cook, Austan Goolsbee, , we’ve, we’re, Goolsbee, Christopher Waller Organizations: CNN, Federal Reserve, Atlanta Fed, Index, AXA, Federal, , Harvard University, Chicago, Yahoo Finance, Fed, San Francisco Fed Locations: New York
The yield on the 2-year Treasury yield was flat at 4.593%. The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures later in the week. Last week, the central bank indicated that rates will fall this year, although Chairman Jerome Powell stressed that the economic outlook remains uncertain. The Dallas Fed manufacturing index for March also fell to -14.4, below expectations, although the Chicago Fed national activity index improved. There are also several auctions on the slate, including of 17-week, 4-week and 8-week Treasury bills.
Persons: Jerome Powell, Raphael Bostic, Jim Reid, Reid Organizations: Treasury, Federal Reserve, Atlanta Fed, Deutsche, Dallas Fed, Chicago Fed, Richmond Locations: U.S
One week, he made $8,300 doing private rides between stretches of Uber and Lyft driving. He started his own LLC and occasionally markets his independent driving business as a passenger. "You have to treat Uber and Lyft like a business if you're doing it full-time," Trent told Business Insider. "I do rideshare quite a bit, but I do it mostly to build my client business," Trent said. He said he can often charge customers much less than what they pay for Uber or Lyft rides, and he still makes more.
Persons: Trent T, Uber, Lyft, Trent, lupus vasculitis, didn't, Guy, he's, He's, they've, I'm, it's Organizations: Service, Business, Trent, Tesla, Nationwide, Border Patrol, Federal Air Marshal Service, Aldi, NFL, Uber, Miami Locations: South Florida, Texas, Mexico, Atlanta, Florida, Tennessee, Miami, it's, Miami Beach
CNN —A Supreme Court decision related to the election could determine the presidential victor this November, but it has nothing to do with former President Donald Trump. The study also said the “narrow” racial-turnout disparity that the high court heavily relied upon in its Shelby decision was based in part on the 2012 presidential election. Yet the study’s conclusion bolsters critics of the Shelby decision. They ignored it although they knew their decision would hurt Black voters, who tend to vote for the Democratic Party, he says. The bloody history behind the Voting Rights ActThe law was passed in 1965 after King led an epic voting rights campaign in Selma, Alabama.
Persons: CNN —, Donald Trump, Brennan, , Holder, John Roberts, Barack Obama, Shelby, Jim Crow, Alabama —, Lawrence Goldstone, ” Goldstone, Sonia Sotomayor, Joe Biden, Shawn Thew, Biden, Goldstone, Black, George W, Bush, preclearance, , , Elijah Nouvelage, Horace Cooper, Martin Luther King Jr, Cooper, “ That’s, Martin Luther King, that’s, ” Cooper, King, Edmund Pettus, Obama, Lyndon B, Johnson, Jr, Ralph Abernathy, Clarence Mitchell, Corbis, Roberts, Reagan, Brett Kavanaugh, tortuously, it’s, John Blake Organizations: CNN, Brennan Center for Justice, Supreme Court, Southern GOP, GOP, State of, Getty, Black, Democratic Party, George Mason University in, US Justice Department, Edmund, White, Congress, Black voters, North Carolina — Locations: Shelby, Southern, America, Texas, Mississippi, Alabama, Georgia, North Carolina, State, Washington, Alabama’s Shelby County, Atlanta , Georgia, AFP, George Mason University in Virginia, Selma , Alabama, White Alabama, “ Shelby
Chick-fil-A will start serving some chicken that has been raised with antibiotics. Under the new policy, animal antibiotics can be used if the chicken and those around it are sick. "To maintain supply of the high-quality chicken you expect from us, Chick-fil-A will shift from No Antibiotics Ever (NAE) to No Antibiotics Important To Human Medicine (NAIHM) starting in the Spring of 2024," the chicken chain said. Under the new standards, Chick-fil-A said that chicken antibiotics could be used, but only if the chicken and those around it were sick. A spokesperson told the AP that Chick-fil-A had had concerns about its ability to acquire supplies of chicken that had been raised without antibiotics.
Persons: , Tyson Organizations: Service, Medicine, Tyson Foods Locations: Puerto Rico, Canada, Atlanta, Europe, Asia
Yet the moment that history is likely to remember most clearly unfolded in a Manhattan courtroom where Trump sat seething as a judge thwarted his latest delaying tactics and set a date for his hush money trial. Of course, it’s also possible that Trump could be acquitted in this criminal case. It is a mark of the depth of Trump’s legal hole that a reduced requirement to post a bond worth $175 million counts as a big win. Already clashing with another judgeTurning to Judge Juan Merchan, who took the gloss off of the ex-president’s day by scheduling the trial date, Trump issued another bitter complaint. Trump’s looming criminal trial presents a challenge and an opportunity for the Biden campaign.
Persons: Donald Trump staved, Trump, it’s, Stormy Daniels, isn’t, ” Trump, , he’d, he’ll, Arthur Engoron, Letitia James, , Juan Merchan, Attorney Alvin Bragg, ” Ryan Goodman, CNN’s Erica Hill, Jack, Fani Willis, Willis, Aileen Cannon, Biden, Nikki Haley, she’s, Joe Biden, Trump’s, “ Donald Trump, James Singer, Donald Trump, , Merchan, ” Merchan Organizations: CNN, Trump, New York, , Manhattan, Attorney, Department of Defense, Fulton, GOP, South Carolina Gov, Biden, Arab American, Israel, Engoron, Monday Locations: Manhattan, New York, Fulton County, Georgia, Lago, Florida, Trump, Atlanta, Michigan, Gaza, York
“The economy is strong, the labor market is strong and inflation has come way down,” Fed Chair Jerome Powell said Wednesday. Fed officials continue to expect three rate cuts this year but the days of ultra-low interest rates are long gone. Up NextMonday: The Chicago Fed releases its National Activity Index for February. The US Commerce Department releases February data on sales of new single-family homes. The US Commerce Department releases February data on household spending, income and the Fed’s preferred inflation gauge.
Persons: Goldman Sachs, Jerome Powell, Mike Skordeles, Skordeles, ” Stephanie Lang, Homrich Berg, , Clare Duffy, Reddit, Read, Lisa Cook, Christopher Waller Organizations: Washington CNN, Fed, Truist Advisory Services, CNN, Atlanta Fed, Employers, New York Stock Exchange, Trading, IPOs, Chicago Fed, US Commerce Department, McCormick, GameStop, Global, Board, Wednesday, Walgreens Boots Alliance, US Labor Department, University of Michigan, National Association of Realtors
Democratic pollster Celinda Lake said Chicago's low voter turnout last week is a "warning sign." "These cities need to be engines of turnout," she recently told The Chicago Sun-Times. "It's a warning sign for Detroit, where it will matter," she continued. "It's a warning sign for Philadelphia and Pittsburgh." "These cities need to be engines of turnout," she said.
Persons: , Joe Biden's, Biden, Donald Trump, wasn't, weren't, Tina Sfondeles Organizations: Chicago Sun, Times, Biden, Service, Democratic, Trump, Detroit, Philadelphia Locations: Times . Chicago, Chicago, Cook, Cook County, Atlanta, Detroit, Las Vegas , Milwaukee, Philadelphia, Phoenix, " Illinois, Pittsburgh, Georgia, Pennsylvania
Two "Real Housewives" stars have filed suits alleging mistreatment and a hostile workplace. She returned to the franchise for the fourth season of the spinoff "The Real Housewives Ultimate Girls Trip," where cast members from various series within the franchise go on a vacation together. The incident in question never aired — the entire season was shelved and its premiere date swapped with a different season, "The Real Housewives Ultimate Girls Trip: RHONY Legacy," which aired instead. Mr. Cohen never used cocaine with any cast member on any Real Housewives show or with any other Bravo employee." Former "Real Housewives of Atlanta" star NeNe Leakes has also accused Cohen and Bravo of racist behavior, insinuating it's why she left the show.
Persons: Bravo, Andy Cohen's, , Andy Cohen, Cohen, Peacock, Caroline Manzo, Manzo, Brandi Glanville, Glanville, isn't, Derek Smith, Mr, Glanville's, Matt Lauer, Kate Chastain, Brandi, they've, Leah McSweeney, McSweeney, costars, Lisa Shannon, Leah, she'd, Cohen's, Ms, McSweeney's, didn't, Bethenny Frankel, Frankel, Frankel aren't, Eboni K, Williams, costars Luann, Lesseps, Sonja Morgan, Ramona Singer, NeNe Leakes, Monique Samuels, Candiace Dillard Bassett, Samuels Organizations: Housewives, Service, Bravo, Shed Media, Housewives of, BI, Beverly Hills, Warner Bros, NBC, New, People, Real Housewives, Atlanta Locations: Housewives of New Jersey, Morocco, Glanville, New York City, York
Boomers who once flocked to Florida are increasingly ditching the state for southern Appalachia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFor decades, Florida has remained a top destination for retirees looking to settle down roots as they enjoy their golden years. Many boomers moving into southern Appalachia have also bypassed Florida altogether. But some new residents fear Dawson County will simply become a northern outpost of the vast Atlanta metropolitan region, known for its suburban sprawl.
Persons: Boomers, , Ed Helms, Johnnie, Billy Thurmond Organizations: Service, Street Journal, Northeast Locations: Florida, Appalachia, Midwest, Southwest Virginia, North Georgia, North Carolina, South Carolina, Alabama, Tennessee, Appalachian, Dawson County , Georgia, Dawsonville, Atlanta, Dawson, Pickens, Panama City Beach , Florida, Dawson County
Georgia, with its long history of the suppression of Black voters, has been ground zero for fights about voting rights laws for decades. The result has been a slew of laws that included restrictions to voting, like limiting voting by mail and adding voter ID requirements. He found that the growing racial turnout gap since the Supreme Court’s decision in Shelby had been felt most acutely by younger voters across the country. In Bulloch County, Ga., Winston County, Miss., and Newberry County, S.C., the racial turnout gap among young voters grew by 20 percentage points or more between the 2012 and 2020 elections. Seeing a more substantial racial turnout gap among young voters cuts against some conventional wisdom about recent changes to voting laws.
Persons: Barack Obama, Lowndes County —, Georgia —, Michael Podhorzer, Lowndes, Obama, Holder, , Podhorzer, ” Podhorzer, Biden, Bernard Fraga, ” Fraga, Emily Elconin, Donald Trump, I’ve Organizations: Black, Republican, Justice Department, Brennan, Valdosta State University, Emory University, The New York Times, The Times, Times Locations: Georgia, Lowndes County, Shelby County, Shelby, Bulloch County ,, Winston County, Miss, Newberry County, S.C, Atlanta, Dearborn, Mich, Arizona , Georgia, Michigan, Nevada , Pennsylvania, North Carolina, Wisconsin, onpolitics@nytimes.com
David E. Harris, a former Air Force bomber pilot who at the height of the civil rights movement in the 1960s became the first Black pilot hired by a major commercial airline in the United States, died on March 8 in Marietta, Ga., about 20 miles northwest of Atlanta. American Airlines hired Mr. Harris in 1964, and he flew for the carrier for 30 years, rising to captain in 1967. In 1984, he made history for the second time with American when he flew with the first all-Black cockpit crew on a commercial airliner. Before Mr. Harris was hired, airline executives had discriminated for years against Black pilots out of fear that white passengers wouldn’t want to board the planes they flew, and that it would be too difficult to find them hotel accommodations. “He knew that he was extremely qualified, so on paper he would seem like an ideal candidate to many commercial airlines,” Michael H. Cottman wrote in his book “Segregated Skies: David Harris’s Trailblazing Journey to Rise Above Racial Barriers” (2021).
Persons: David E, Harris, Leslie Germaine, Michael H, Cottman, David Harris’s, Organizations: Air Force, American Airlines, Black Locations: United States, Marietta , Ga, Atlanta
NEW YORK (AP) — James Madison announced itself by beating a Big Ten team to start this season. Terrence Edwards Jr. scored 14 points and James Madison pulled off the first 12-5 upset of March Madness by beating Wisconsin 72-61 on Friday night. “Told the team, I’m proud of them, but not surprised,” James Madison coach Mark Byington said. James Madison opened the season with victory at Michigan State in November that moved the Dukes in the AP Top 25 for the first time in school history. “And we knew we belonged.”Only defending national champion and top-seeded UConn has won as many games this season as James Madison.
Persons: — James Madison, Dukes, , ” Xavier Brown, Terrence Edwards Jr, James Madison, ” James Madison, Mark Byington, LIU, Max Klesmit, FanDuel, ” Byington, Klesmit, Noah Freidel, JMU, ” Friedel, ” Edwards, Greg Gard, Chucky Hepburn, ” Gard, Bickerstaff, Julien Wooden, ” Bickerstaff Organizations: Big, NCAA, Wisconsin, Badgers, Barclays Center, Atlantic Union Bank Center, Michigan State, Dukes, , UConn, Duke Locations: South Region, Brooklyn, Harrisonburg , Virginia, Atlanta, New York, ” Wisconsin, unfazed
CNN —Fulton County District Attorney Fani Willis said Saturday that “the train is coming,” referring to her team’s preparation for the case against former President Donald Trump and his 14 co-defendants and whether she was slowed down by attempts to remove her from the case. I do think there are efforts to slow down this train, but the train is coming,” she said while attending an Atlanta-area Easter basket giveaway. On Wednesday, Fulton County Superior Court Judge Scott McAfee granted requests from Trump and his co-defendants to appeal the decision to allow Willis to continue prosecuting the case. Willis said she doesn’t feel as though she needs to rehabilitate her reputation with Fulton County residents, adding, “I’m not embarrassed by anything I’ve done. And as long as I’m here, I’m going to try to do the job in a way that’s honorable.”CNN’s Jason Morris and Zachary Cohen contributed to this report.
Persons: Fani Willis, Donald Trump, Willis, , We’re, ” Willis, Scott McAfee, Trump, Nathan Wade, Saturday, , “ I’m, I’m, Wade, I’ve, ” CNN’s Jason Morris, Zachary Cohen Organizations: CNN, Trump, Chapel United Methodist Church Locations: Fulton County, Atlanta, Georgia
AUSTIN, Texas (AP) — Five races into NASCAR's 2024 season and Ford is in a funk. A Ford win in Austin would seem like a long shot in NASCAR's fourth run on a track built for Formula One. Photos You Should See View All 60 ImagesAnd while it’s still early, Ford drivers make up just three of the 16 available Cup playoff spots. Ford drivers point to some solid statistics, even if the major results are lacking. NASCAR vs F1The Circuit of the Americas is the only track used by NASCAR and F1, but the two racing series have vastly different styles.
Persons: Ryan Blaney, , Tyler Reddick, Shane van Gisbergen, Chase Elliott, it’s, Blaney, haven’t, , Chris Buescher, We’ve, we’ve, ” Buescher, Chase Briscoe, Stewart, Haas, we've, ” Briscoe, Briscoe, Ford, van Gisbergen, It’s, Reddick, COTA, there's, I've, ” Reddick, they’ve, FanDuel Organizations: Ford, NASCAR, Circuit, Formula One, Toyota, RFK Racing, Haas Racing, Fords, Blaney's, COTA Locations: AUSTIN, Texas, Atlanta, Austin, Victory, Americas
The rate of "gray divorce" — a term that describes divorce at age 50 and older — doubled from 1990 to 2019, according to a 2022 study published in The Journals of Gerontology. The 'chronic economic strain' of gray divorceIn heterosexual relationships, gray divorce typically "has more negative implications for women than for men," said Kamila Elliott, a certified financial planner and co-founder of Collective Wealth Partners, based in Atlanta. Altogether, women's standard of living declined by 45% following a gray divorce, while the drop for men was less severe, at 21%, Brown and Lin wrote. These negative economic outcomes persisted over time, "indicating that gray divorce operates as a chronic economic strain," they said. For example, let's say a husband is eligible for a larger Social Security benefit relative to his female spouse.
Persons: Susan Brown, Lin, Kamila Elliott, Laura Tach, Alicia Eads, Natalie Colley, Brown, Elliott, Women shouldn't, Colley, I've Organizations: Gerontology, Bowling Green State University, Collective Wealth Partners, Cornell University, University of Toronto, Francis Financial, Social Security, Women, Collective Wealth Locations: Atlanta, New York
Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank's former vice chair said Friday. "If the Fed were targeting CPI right now, we wouldn't even be discussing rate cuts," Clarida said. A Chicago Fed measure of financial conditions is at its loosest since January 2022. "What I think is going on here is a delicate balance that [Powell is] trying to navigate," Clarida said. "Financial conditions will very naturally start to ease when they get the sense the Fed is done and [will start] cutting.
Persons: Richard Clarida, Jerome Powell, Clarida, Powell Organizations: Federal Reserve, Market, Fed, Commerce Locations: Atlanta
NEW YORK (AP) — Garden centers enjoyed a pandemic boom, particularly with millennials, as people looked for outdoor activities during lockdowns. To regain the sales momentum, garden centers must navigate a number of challenges as another spring season kicks in. At Flowercraft Garden Center, a San Francisco garden center that is in its 50th year of operation, houseplants, vegetable starter plants and citrus trees are selling well, said general manager Lydia Patubo. That was good for an area suffering from a yearslong drought, but bad for garden center business. Even though his sales have plateaued since the pandemic, he feels the 34-year-old garden center is in a good spot.
Persons: Danny Summers, Summers, That’s, , Lydia Patubo, Patubo, San Francisco, ” Patubo, Chris Cordrey, , ” Cordray, hasn’t, Kat McGraw, ” McGraw Organizations: Survey, The Garden Center Group, Garden, , East Coast Garden, National, Administration, Co, Atlanta, Locations: U.S, San Francisco, San, California, Millsboro , Delaware, Chattanooga , Tennessee, Nashville, Tennessee
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