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CNN —Steve Mensch, the president and general manager of studio operations at Tyler Perry Studios, died in a plane crash Friday night, according to officials. In an email to CNN on Saturday, Tyler Perry Studios said: “We are incredibly saddened by the passing of our dear friend, Steve Mensch. Our heart goes out to his family as we all send them our prayers.”Mensch managed the day-to-day operations at Tyler Perry Studios, a 300-acre studio lot in Atlanta, according to his LinkedIn profile. “I was incredibly sad to learn about the tragic passing of Steve Mensch, the President and General Manager of Tyler Perry Studios,” Atlanta Mayor Andre Dickens said in a statement. “His loved ones and the entire Tyler Perry Studios team will be in our thoughts and prayers as they mourn this loss.”CNN’s Lisa Respers France and Kia Fatahi and Chris Boyette contributed to this report.

Persons: Steve Mensch, Tyler Perry, Steve, ” Mensch, “, Andre Dickens, Mensch, Tyler, we’ve, ”, Perry, ” “ I’ve, ” Perry, “ Steve, he’s, ” Lee Thomas, ” Thomas, Brian Kemp, ” Kemp, Lisa Respers, Kia Fatahi, Chris Boyette Organizations: CNN, Tyler Perry Studios, ” Atlanta, Film, Entertainment, TPS, Florida Highway Patrol, Federal Aviation Administration, National Transportation Safety, NTSB, American, Georgia Film, Georgia Gov Locations: Atlanta, East Coast, Florida, Citrus County , Florida, Citrus, Fayetteville , Georgia, Georgia, Lisa Respers France

☆ Lionel Messi and Inter Miami crash out of MLS playoffs in stunning loss to Atlanta United
▼ + stars: | 2024-11-10 | by ( Jacob Lev | Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Lionel Messi and Inter Miami suffered a shock elimination in the first round of the Major League Soccer (MLS) playoffs on Saturday, losing 3-2 to No. 9 seed Atlanta United on home soil in the best-of-three series decider. That secured the team a controversial invite to the FIFA Club World Cup, and Miami came into the playoffs as favorite to lift the MLS Cup. Atlanta United, which only sneaked into the playoffs on the last day of the regular season, will face No. The MLS Cup final is scheduled for December 7.

Persons: Lionel Messi, Matías Rojas, Jamal Thiaré, Messi, Bartosz Slisz, Jordi Alba, ”, “, Rob Valentino, We’ve, “ There’s Organizations: CNN, Inter Miami, Major League Soccer, Atlanta United, Miami, Argentine, Atlanta, MLS, Miami ., FIFA Club, ESPN, Orlando City, Eastern Conference, Columbus Crew, FC Cincinnati Locations: Miami, Miami . Miami, Europe, Atlanta

☆ America now looks to the Fed for clues on future rate cuts
▼ + stars: | 2024-11-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

The move comes as inflation remains on a downward trend while the job market continues to lose momentum. While that has helped rein in price pressures, it also puts the job market in jeopardy. So I’m going to be patient.”Still, rate cuts are expected to stretch through 2025, even during a Trump presidency, according to economists. On one hand, there’s evidence that America’s job market has continued to lose momentum in recent months. But since Trump’s economic vision could eventually stoke inflation, that could mean the Fed delivers fewer rate cuts in the coming years.

Persons: Jerome Powell, Donald Trump, Powell, “ I’m, Raphael Bostic, ”, Kamala Harris, Felipe Villarroel, —, Trump, hasn’t, Arthur Burns, Richard Nixon, Ben Bernanke Organizations: Washington CNN, Federal, President, White, Atlanta Fed, Trump, TwentyFour Asset Management, Fed, CNN, White House, Capitol Locations: Jackson , Mississippi

☆ How the 1970s oil crisis created the right turn on red
▼ + stars: | 2024-01-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —In America, traveling through red lights on right turns has become a rule of the road. States introduced it as a gas-savings measure: The theory was that it would reduce idling at red lights. Right-on-red was a gas-savings tool during the 1970s oil crisis. There has been little national research in recent years on the effect of right-on-red turns on pedestrian safety. Banning right on red is not a “panacea for pedestrian safety problems,” Dumbaugh said, but could help prevent pedestrian and car accidents in busy intersections.

Persons: Woody Allen, Hall ”, he’d, Marty Lederhandler, Hyoung Chang, ”, Eric Dumbaugh, Jason Dozier, Bill Clark, RTOR, Banning, ” Dumbaugh, that’s, don’t Organizations: New, New York CNN —, AP, New York City —, Washington D.C, MediaNews, Denver Post, Florida Atlantic University, Atlanta City, Nationwide, Governors Highway Safety Association, Getty, Research, Atlanta, Republican, ” Locations: New York, America, California, Los Angeles, United States, New York City, Connecticut, Atlanta, Denver, Indianapolis, Raleigh, Washington, San Francisco, Indiana

☆ The Fed is terrified Americans could get used to high inflation. It may already be happening.
▼ + stars: | 2023-11-12 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials don’t expect inflation to reach 2% until 2026, according to their latest economic projections released in September. If there’s one thing that would make the Fed quake in its boots, it would be worsening inflation expectations. The keyword there is “timely.”Sticky inflation could possibly “un-anchor” inflation expectations or elicit a consistent deterioration in Americans’ perception on inflation. “The Fed really just wants people to not expect inflation will run at 4% forever.”So what’s kept inflation expectations in check this long? For individuals and married people filing separately, the new federal standard deduction will increase to $14,600, up from $13,850 this year.

Persons: we’ve, Raphael Bostic, “, ” Luke Tilley, ”, Jerome Powell, presser, Powell, Michelle Bowman, Tilley, ” Drew Matus, what’s, Matus, “ They’re, Jeanne Sahadi, Lisa Cook, Phillip Jefferson, Michael Barr, Loretta Mester, Austan Goolsbee, John Williams, Christopher Waller, Mary Daly Organizations: DC CNN, Federal Reserve, Fed, University of Michigan’s, Atlanta Fed, Bloomberg, Investment Advisors, CNN, ”, New York Bankers Association, New York Fed, MetLife Investment Management, IRS, Tyson Foods, Depot, US Labor Department, National Federation of Independent Business, China’s National Bureau of Statistics, Target, National Statistics, US Commerce Department, Walmart, National Association of Home Builders, San Francisco Fed Locations: Washington, Wilmington, Palm Beach , Florida

☆ The Fed likely won’t raise rates this month — but November is another matter
▼ + stars: | 2023-09-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Last week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that brought rates to their highest level in 22 years. It’s hard to say definitively if or when the central bank will hike interest rates again this year. The Fed could hold rates steady for the rest of the year if both the job market and the broader economy continue to slow, helping bring down inflation. Higher for longer means keeping interest rates elevated for a prolonged period. China’s National Bureau of Statistics releases August inflation data.

Persons: hasn’t, ” Leslie Thompson, Thompson, Jerome Powell, Powell, Susan Collins, Powell’s Jackson, there’s, Raphael Bostic, Olesya Dmitracova, ” Patrick Hummel, David Lesne, Juan Perez, Carrascosa, Barnes & Noble Organizations: CNN Business, Bell, DC CNN, Federal, Financial, Spectrum Wealth Management, CNN, Fed, Kansas City, Boston, Yahoo, Finance, Atlanta Fed, Volkswagen, Renault, UBS, French, Swiss, Barnes &, The Reserve Bank of Australia, US Commerce Department, Eagle, Express, P Global, Institute for Supply Management, Bank of Canada, US Labor Department, Kroger, China’s National Bureau of Statistics Locations: Washington, Jackson Hole , Wyoming, Cape Town , South Africa, Europe

☆ Fed officials are divided, but holding rates steady in September seems likely
▼ + stars: | 2023-08-13 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes. Philadelphia Fed President Patrick Harker echoed that sentiment in a speech last week, saying “I believe we may be at the point where we can be patient and hold rates steady.”Other Fed officials agree. “Inflation is still significantly above” the Fed’s 2% target, Fed governor Michelle Bowman said last week at an event in Atlanta. The Federal Reserve releases minutes from its July policymaking meeting as well as July figures on industrial production.

Persons: ” Rajeev Sharma, ”, Jerome Powell, Patrick Harker, “, Raphael Bostic, there’s, Michelle Bowman, ” Carol Schleif, ” Schleif, Katie Lobosco, Brinker Organizations: CNN Business, Bell, DC CNN — Federal Reserve, Key Private Bank, CNN, “, Fed, Financial, Philadelphia Fed, Atlanta Fed, BMO Family Office, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, China’s National Bureau of Statistics, Depot, US Commerce Department, Target, Federal Reserve, Walmart Locations: Washington, Jackson Hole , Wyoming, Atlanta, Kansas, Fresno

☆ What to expect from the Fed’s decision on rates
▼ + stars: | 2023-07-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed Chair Jerome Powell’s remarks during an annual gathering of central bankers and economists in Wyoming next month could shed more light on what to expect for the September decision. There are three possibilities for what the Fed might do moving forward, according to economists: a second consecutive rate hike in September, one in November, or no more rate hikes after July. The Commerce Department releases the June reading of the Fed’s favorite inflation measure Friday. The Fed held rates steady for nine straight meetings over the span of a year the last time it paused a rate-hiking campaign in 2006. Nearly all of the Fed’s decisions have been unanimous since the central bank began lifting rates in March 2022, with the exception of two meetings early in the Fed’s current inflation battle.

Persons: it’s, Jerome Powell’s, It’s, haven’t, inflation’s, Ben Bernanke, Raphael Bostic, there’s, hawkish, “ Powell, ” Seema Shah, Powell, Christopher Waller, you’re, ”, José Torres, ” Powell, Jerome Powell Organizations: DC CNN, Federal, Fed, Commerce Department, Market Committee, Atlanta Fed, Asset Management, CNN, ”, The Labor Department, Interactive Locations: Washington, Wyoming, —

☆ What to expect from this week’s Fed meeting
▼ + stars: | 2023-07-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

After the Fed’s July monetary policy meeting, which concludes on Wednesday, investors will be looking for more details around that potential hike. That’s why the Fed is trying to retain the option of another rate increase in case inflation proves to be more resilient than expected. Fed Chair Jerome Powell’s remarks during an annual gathering of central bankers and economists in Wyoming next month could shed more light on what to expect for the September decision. There are three possibilities for what the Fed might do moving forward, according to economists: a second consecutive rate hike in September, one in November, or no more rate hikes after July. Whatever the Fed decides to do won’t come without a vigorous debate, and perhaps even a dissent, though the Fed has a tradition of collegiality.

Persons: —, it’s, Jerome Powell’s, It’s, haven’t, inflation’s, Ben Bernanke, Raphael Bostic, there’s, hawkish, “ Powell, ” Seema Shah, Powell, Christopher Waller, you’re, ”, José Torres, ” Powell, Jerome Powell Organizations: DC CNN, Federal, Fed, Commerce Department, Market Committee, Atlanta Fed, Asset Management, CNN, ”, The Labor Department, Interactive Locations: Washington, Wyoming, —

☆ NFL Owners Are Left in the Dark on the Washington Commanders Sale
▼ + stars: | 2023-03-31 | by ( Andrew Beaton | ) www.wsj.com time to read: 1 min

Washington Commanders owner Dan Snyder remains under investigation by the NFL for allegations that surfaced during a congressional investigation of the league and the team. PHOENIX—The NFL’s owners admitted something unusual was afoot when they gathered here this week for their annual meeting. They’re in the dark about the biggest business decision hanging over the sport they run: the sale of the Washington Commanders. “You may know as much as the league knows, and that’s very rarely the case,” Atlanta Falcons owner Arthur Blank said this week. “It’s very minimal communication.”

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