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Scientists are very confident that climate change is increasing rainfall rates – how hard the rain is falling – and the amount of rain a storm can produce. Floodwaters have washed out roads and several state road closures are in effect. A team was heading out to survey the damage, which included “quite a bit” of structural and road damage, National Weather Service meteorologist Seth Kutikoff told the Associated Press. Northeast Vermont and other portions of the state are also still recovering from more extensive flooding just over a year ago. Last year’s flooding caused numerous road and bridge washouts, land and mudslides resulting in significant property damage and loss.
Persons: Seth Kutikoff, , Deryck Colburn, Colburn, he’d, Beryl, Papa, Shack, Nature, ” Nancy Tirozzi, ” Nancy, Anthony, , Nancy, you’re, CNN’s Robert Shackelford, Amy Simonson, Lauren Rapp Organizations: CNN, National Weather Service, Rescue, Vermont Emergency Management, Associated Press Locations: Vermont, Caledonia, Essex, St, Johnsbury , Vermont, Lyndonville , Vermont, Montpelier, , Passumpsic, Northeast Vermont, Papa Tirozzi’s, Burlington
Dollar slips as Fed outlook shifts
  + stars: | 2023-03-23 | by ( Tom Westbrook | ) www.reuters.com   time to read: +3 min
That's a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238.
While big banks have dominated headlines, the country's 4,258 community banks, which are more risk-averse, account for more than 90% of all chartered banks. Her comments marked a shift in emphasis to include community banks that were not mentioned in her earlier testimony. "The community banks in this country, we know, are strong and resilient. Yellen's shift to include community banks "was certainly better, it was an attempt for her to kind of restate what she was saying and acknowledging the importance of the community banks," Williams said. Community banks play an important political role.
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