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Ussery died Thursday of congestive heart failure at an assisted living facility in Hollywood, Florida, his son Robert told The Associated Press on Friday. Ussery won the 1967 Derby aboard 30-1 longshot Proud Clarion. He picked up the mount after his original Derby horse, Reflected Glory, couldn’t make the race because of sore shins. “He was running on the hard surface and all the other horses were running in the sand like at the beach,” his son Robert recalled. Besides his son, Ussery is survived by four grandchildren and two great-grandchildren.

Persons: Bobby Ussery, Ussery, Robert, Travers, couldn’t, shins, Peter Fuller, Alex Harthill, Fuller, ”, Ussery’s, Robert Nelson Ussery, “, Debra Paramanis, ___ Organizations: of Fame, Kentucky Derby, Associated Press, National Museum of Racing, Hall of Fame, Derby, Flamingo, Flamingo , Florida Derby, Preakness, Bally Ache, Oklahoma Horse Racing Hall of Fame Locations: Hollywood , Florida, New Orleans, Whitney, Alabama, Saratoga, bute, Churchill Downs, Churchill, Belmont, Bagdad, New Providence, Flamingo , Florida, Kentucky, Vian , Oklahoma, New York

☆ Fed's Williams touts need for more market data transparency
▼ + stars: | 2023-11-16 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

“Having access to an abundance of data is a wonderful problem to have,” Williams said. “It’s important that we continue to prioritize transparency and clarity in data, especially financial market data. In separate comments for the conference, Michelle Neal, who leads the bank’s Markets Group, also touted the need for more transparency in the bond market. “I am looking forward to the increased transparency in on-the-run transaction data” industry participants are working toward, Neal said. “Looking further ahead, we should consider whether to take additional steps toward increased transaction transparency across the Treasury universe, especially for the less liquid segments of the Treasury market, such as the off-the-run market, where transparency is currently limited.”Neal noted that the off-the-run section of the Treasury market was where market issues were concentrated in March 2020, as the coronavirus pandemic sent investors thundering toward cash, upending market functioning.

Persons: John Williams, Carlo Allegri, ” Williams, “, Williams, Michelle Neal, Neal, ” Neal, Michael S, Chizu Organizations: Federal Reserve Bank of New, REUTERS, Federal Reserve Bank of New York, Treasury, bank’s Markets, Thomson Locations: Federal Reserve Bank of New York, New York, U.S

☆ Exclusive: Three Fed governors tell US senator there is room to reduce balance sheet
▼ + stars: | 2023-11-16 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

"Under plausible assumptions the size of the balance sheet could decline considerably further before reserves reach the level consistent with the ample reserves operating framework," Jefferson wrote in response to a series of questions from Scott about the roughly $8 trillion balance sheet. The senator also wrote letters to Fed Governors Lisa Cook and Adriana Kugler at the same time. Fed officials who have spoken on the matter have said the balance sheet can be reduced for an extended period. Speaking after the central bank's Oct. 31-Nov. 1 policy meeting, Fed Chair Jerome Powell said it was "not considering changing the pace of balance sheet runoff. Many market participants are eyeing next year or maybe 2025 as a potential time to end the drawdown of the balance sheet.

Persons: Philip Jefferson, Jefferson, Rick Scott, Scott, Lisa Cook, Adriana Kugler, Cook, Kugler, Jerome Powell, Loretta Mester, General, Michael S, Dan Burns, Paul Simao Organizations: Federal, Republican U.S, Fed, Reuters, Federal Reserve, Cleveland Fed, Thomson Locations: Jefferson

☆ NY Fed finds softer inflation expectations in October
▼ + stars: | 2023-11-13 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

A woman passes by The Federal Reserve Bank of New York in New York City, U.S., March 13, 2023. The relative stability of New York Fed expectations data contrasts with that seen in the University of Michigan Consumer Sentiment Survey. It found in November a rise in year-ahead expected inflation to 4.4% from 4.2% in October, with five-year expected inflation up to 3.2%, from October’s 3%. Over the last year and a half the Fed has aggressively raised rates in a bid to cool high inflation. But it kept alive the prospect of more action should inflation not fall further on the path back to 2%.

Persons: Brendan McDermid, there’s, Jerome Powell, Powell, ”, Michael S, Andrea Ricci Organizations: Federal Reserve Bank of New, REUTERS, Consumer, New, New York Fed, University of Michigan Consumer, University of Michigan, Federal, Committee, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, September’s, New York, York, October’s

☆ Fed's Daly: Still too soon to say rate hike cycle is over -CNBC
▼ + stars: | 2023-11-10 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

The Fed's monetary policy "is in a very good place" and "the news on inflation has been fairly good," Daly said in a CNBC interview. "There's a lot of demand for certainty that we would say we're done or we're definitely hiking, but the truth is, we don't know," Daly said. If financial conditions continued to ease, Daly said that would merit Fed attention. What's more, Daly noted that recent churning in the bond market was unlikely to be driven by some sort of underlying problem. "Bond yields move around for a variety of reasons, and there's a lot of uncertainty out there," Daly said.

Persons: Mary Daly, Daly, Jerome Powell, Powell's, Michael S, Andrea Ricci Organizations: Federal Reserve Bank of San Francisco, CNBC, Market, Financial, Fed, Thomson

☆ Peru club call for punishment as lights go out on title celebrations
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Universitario claimed a record-extending 27th league title after a 2-0 win at city rivals Alianza on Wednesday had wrapped up a 3-1 aggregate victory. But before the celebrations could get underway the lights went out at the Alejandro Villanueva stadium, an incident Universitario labelled both disgraceful and dangerous. The club added that the award ceremony will be held at their home Monumental U stadium on Sunday. Universitario later poked fun at their rivals' move on social media and issued a reminder about the league title count. "Say goodbye to unforeseen events, don't be left without electricity in the middle of your celebrations," the club wrote.

Persons: Alejandro Villanueva, Universitario, Alianza Lima's, Alianza, Janina Nuno Rios, Peter Rutherford Organizations: Universitario Deportes, Alianza Lima, Peruvian, Universitario, Alianza, Peruvian Public, Thomson Locations: Mexico City

ICBC's U.S. unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. The cyberattack sent ripples through the U.S. Treasuries market, where ICBC acts as a broker for hedge funds and other market participants, helping them trade in the securities. The Chinese parent then injected capital into the U.S. unit, allowing it to settle the trades and pay back BNY Mellon, the sources said. They also told market participants about the capital injection but did not disclose the amount or the reason for it, the sources said. SIFMA, the trade group, organized calls for market participants with updates, the sources said.

Persons: Tingshu Wang, BNY Mellon, ransomware, ICBC, SIFMA, Janet Yellen, Lifeng, Scott Skyrm, Jack McIntyre, Harry Robertson, James Pearson, Naomi Rovinick, Yoruk, Davide Barbuscia, Chris Prentice, Mike Derby, Carolina Mandl, Laura Matthews, Paritosh, Zeba, Megan Davies, Dhara Ranasinghe, Alexander Smith, Richard Chang, Anna Driver Organizations: Asset Management, Fair for Trade, Services, REUTERS, Commercial Bank of China, U.S ., ICBC Financial Services, Securities Industry, Financial Markets Association, ICBC, Treasury, China, U.S, New York Federal Reserve, Securities, Depository Trust, Clearing Corp, Thomson Locations: Beijing, China, ICBC's U.S, U.S, San Francisco, Treasuries, Hong Kong, Shanghai, London, Amsterdam, Carolina, New York

☆ United and Rashford unhappy with striker's form says Ten Hag
▼ + stars: | 2023-11-10 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

MANCHESTER, England, Nov 10 (Reuters) - Manchester United and Marcus Rashford are unhappy with his recent performances manager Erik ten Hag has said after the striker's red card contributed to their midweek Champions League loss but the Dutchman believes he will rediscover his form. "We have to win every game, so we are very disappointed if losing any game," Ten Hag said. It's always about being in the process, thinking about the process, and then it's about managing their process. Ten Hag, whose performance as manager has been called into question during his side's poor run of form, was asked if he trusts his players as United flopped after Rashford's red card. Bruno Fernandes scored in added time in United's 1-0 win at Fulham last Saturday that allowed Ten Hag to breathe easy for one night at least.

Persons: Marcus Rashford, Erik ten Hag, FC Copenhagen's Elias Jelert, Marcus, Rashford, Ten Hag, United's, It's, Bruno Fernandes, Scott McTominay, Lori Ewing, Ken Ferris Organizations: Manchester United, Champions League, FC Copenhagen's, Premier League, United, LUTON, Old, Luton Town, Liverpool, Manchester City, England, Brentford, Fulham, Thomson Locations: MANCHESTER, England, Old Trafford, Copenhagen, Fulham

☆ Fed reverse repos fall under $1 trillion for first time since August 2021
▼ + stars: | 2023-11-09 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Cash from money market funds and other eligible firms flowing into the Fed's reverse repo facility stood at $993.3 billion on Thursday, which was the first time flows fell under the $1 trillion mark since Aug. 10, 2021. Until fairly recently, Fed efforts to pull liquidity out has had only a modest impact on the reverse repo inflows, which had held above $2 trillion per day until mid-June. J.P. Morgan economists said Thursday that reverse repo balances "should decline further" given what's happening with Treasury debt offerings. The accelerating decline of the reverse repo facility has fueled questions about how far the Fed has left to go on shrinking the size of its balance sheet. They project reverse repo levels will stand at $700 billion at that point.

Persons: Cash, Morgan, Michael S, Daniel Wallis, Andrea Ricci Organizations: Fed, Thomson

☆ Tottenham face test of top-four ambitions after midweek mayhem
▼ + stars: | 2023-11-09 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

Before the mayhem of Monday's home defeat against Chelsea, Wolves away would have been viewed as another opportunity for Tottenham to underline their top-four credentials. But that 4-1 reverse, Postecoglou's first setback in the Premier League, could cost the north London club more than a return to top spot and the loss of three points. A tumultuous derby ended with Tottenham having only four of their starting line-up left on the pitch. A home game against City will perhaps say a lot more about whether or not Chelsea have turned a corner. Former midfielder Paul Scholes believes Ten Hag still has some credit left in the bank after last season when United finished third in the Premier League and won the League Cup.

Persons: Ange Postecoglou, Postecoglou's, Cristian Romero, Micky van de Ven, Udogie, James Maddison, Richarlison, Nicolas Jackson, Postecoglou, That's, Son Heung, Victory, Jackson, Mauricio Pochettino's, Chelsea, Manchester, Erik Ten Hag, Rasmus Hojlund's, Paul Scholes, He's, Scholes, Martyn Herman, Pritha Sarkar Organizations: Tottenham Hotspur, Wolverhampton Wanderers, Chelsea, Wolves, Tottenham, Premier League, Aston Villa, Manchester, Manchester City, City, Stamford, Luton Town, Manchester United's, Fulham, FC Copenhagen, Champions League, Luton, United, League, Arsenal, Burnley, Saturday, Liverpool, Brentford, Thomson Locations: London, Manchester City, Saturday's, Manchester, Chelsea

☆ Southgate said VAR checks left him bored in Spurs v Chelsea thriller
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 9 (Reuters) - Endless VAR stoppages during Tottenham Hotspur's chaotic 4-1 home defeat by Chelsea on Monday left watching England manager Gareth Southgate bored, he said on Thursday. Southgate was in the stadium and was as bemused as some of the fans at times when lengthy VAR decisions were being made. "Now the flip side of that is I think all the decisions were right in the end. Time taken to make VAR decisions, especially offside incidents, has become a frustration for fans. Manchester United's Marcus Rashford was sent off away to FC Copenhagen on Wednesday, after a VAR check, and Southgate said it was the right call.

Persons: Gareth Southgate, Southgate, Ange Postecoglou, Postecoglou, Manchester, Marcus Rashford, He's, Martyn Herman, Toby Davis Organizations: Chelsea, Monday, Premier League, Tottenham, Southgate sympathised, Malta, FC Copenhagen, United, Manchester, Thomson Locations: North Macedonia

☆ Fed's Williams says US central bank's policymaking now more strategic
▼ + stars: | 2023-11-08 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - New York Federal Reserve President John Williams said on Wednesday that the U.S. central bank had made great strides over recent decades in improving how it makes policy over the long run. Fed research analysis three decades ago was largely tactical and "very much about the here and now" of decision making, Williams said in prepared remarks for a speech to a U.S. central bank statistics conference in Washington. But the Fed has now undergone a large transformation both in transparency and how it thinks about making policy as a longer-running strategy, he said. Williams' prepared remarks did not address the monetary policy and economic outlook.

Persons: John Williams, Carlo Allegri, Williams, Michael S, Paul Simao Organizations: Federal Reserve Bank of New, REUTERS, New York Federal, Thomson Locations: Federal Reserve Bank of New York, New York, U.S, New, Washington

☆ NY Fed: US Q3 credit card debt up on strong economy, as credit woes tick higher
▼ + stars: | 2023-11-07 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

A credit card is used on a payment terminal at a shop near Nantes, France, in this illustration picture taken November 6, 2023. The New York Fed report found credit issues are rising, albeit from low levels. The report said increases in credit card delinquency rates were most pronounced for thirtysomething borrowers. “The continued rise in credit card delinquency rates is broad-based across area income and region, but particularly pronounced among millennials and those with auto loans or student loans,” the economist noted. Line chart with data from the Federal Reserve Bank of New York show credit card and auto loans delinquencies for over 30 days.

Persons: Stephane Mahe, there's, Donghoon Lee, “, Daniel Silver, Morgan, Lisa Cook, Michael S, Andrea Ricci, Jonathan Oatis Organizations: REUTERS, Federal Reserve Bank of New York, New York Fed, New, Fed, The New York Fed, New York Federal Reserve, Federal Reserve Bank of New, New York, Thomson Locations: Nantes, France, The, U.S, Federal Reserve Bank of New York, New

"This was an outstanding quarter ... this big blowout number," Waller told an economic data seminar at the St. Louis Fed. So this is something we are keeping a very close eye on when we think about policy going forward." It's clearly calming down," with recent employment gains more in line with the levels seen before the coronavirus pandemic, Waller said. The Fed is in the process of weighing that and other data to determine whether to hike the benchmark policy rate again. However neither Goolsbee nor Minneapolis Fed President Neel Kashkari, who spoke to Bloomberg Television on Tuesday, ruled out further Fed rate increases.

Persons: Christopher Waller, Waller, Louis Fed, Michelle Bowman, Bowman, Lisa Cook, Austan Goolsbee, Goolsbee, Neel Kashkari, Kashkari, Howard Schneider, Lindsay Dunsmuir, Michael Derby, Ann Saphir, Paul Simao, Andrea Ricci Organizations: Federal Reserve, St, Ohio Bankers League, Fed, New York Fed, Atlanta, CNBC, Chicago Fed, Minneapolis, Bloomberg Television, Thomson Locations: U.S

☆ Kashkari: Fed has more work to do to control inflation
▼ + stars: | 2023-11-07 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that the U.S. central bank likely has more work ahead of it to control inflation. “The economy has proved to be really resilient even though we’ve raised interest rates a lot over the past couple of years. Kashkari's comments suggested he is still leaning toward raising interest rates again. But with price pressures falling, many in markets believe the Fed is done with raising rates.

Persons: Neel Kashkari, Mike Segar, we’ve, Kashkari, Michael S, Leslie Adler, Matthew Lewis Organizations: Federal Reserve Bank of Minneapolis, Reuters, REUTERS, Fox News, Fed, Derby, Thomson Locations: New York City , New York, U.S, New York

RICHMOND, Va. (AP) — Voters in Virginia's capital city are deciding Tuesday whether developers can move forward with a proposed $562 million resort casino along Interstate 95. A ballot measure on whether to allow the gambling and entertainment complex is before Richmond voters for a second time, after the city narrowly rejected the proposal two years ago. Many of the anti-casino signs that dotted the city in recent weeks have emphasized the fact that the city already said “no” once before. Boosters estimate the casino will deliver 1,300 permanent jobs, and developers are promising big financial benefits. An agreement with the city calls for a one-time upfront $25.5 million payment if the referendum passes, with another $1 million after financing closes.

Persons: Levar Stoney, ”, Tierra, Paul Goldman, Goldman, They’re, trashing, ” Goldman Organizations: —, Richmond, Richmond Grand, Urban, Kentucky Derby, Democratic Party, “ Locations: RICHMOND, Va, Virginia's, Richmond, Churchill Downs, Louisville, Tierra Ward, Virginia, Bristol, Portsmouth, Danville, North Carolina, Norfolk

WASHINGTON (AP) — The most-watched races in Tuesday’s off-year general election have all been dominated by the ongoing debate over abortion rights. Here's a look at three major races and how abortion has shaped each contest. Andy Beshear seeks a second term in a heavily Republican state Donald Trump carried twice. Ohio constitutional amendment on abortionOhio voters will decide whether to amend the state Constitution to protect access to abortion services. The date for the new primary has not been set but will take place after Tuesday’s general election.

Persons: Wade, Here's, Andy Beshear, Donald Trump, Daniel Cameron, Beshear, Cameron, Steve Beshear, Matt Bevin, Mitch McConnell, ”, Tate Reeves, Democrat Brandon Presley, Elvis Presley, Presley outraised Reeves, Reeves, Carolyn Carluccio, Daniel McCaffery, Gabe Amo, Republican Gerry Leonard, David Cicilline, Cicilline, Democrat Patrick Kennedy, Sylvester Turner, Sheila Jackson Lee, Sen, John Whitmire, Kimberly Mata, Rubio, Cody Smith, Veronica Martinez, Joe Ganim, Tuesday’s, Richard Dziekan, Gino DiGiovanni, Yusef Salaam Organizations: WASHINGTON, Supreme, Roe, Kentucky, Democratic Gov, GOP, U.S, Trump, Black Republican, Reconstruction, Associated Press, Republican Gov, Democrat, Republicans, Pennsylvania, Court, Rhode, Rhode Island U.S . House, Republican, Democratic U.S . Rep, Mayors, U.S . Rep, Robb Elementary School, Democratic, Capitol Locations: Tuesday’s, Kentucky, Ohio, Virginia, U.S, Kentucky , Ohio, Mississippi, Rhode Island, Houston, Uvalde , Texas, Bridgeport , Connecticut, Derby , Connecticut, New York

☆ Nine-man Spurs miss out on top spot in chaotic 4-1 loss to Chelsea
▼ + stars: | 2023-11-06 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Destiny Udogie was shown a second yellow card 10 minutes after the break leaving the home side hanging on for a point. Australian Postecoglou said his first Premier League defeat was hard to analyse. BEST STARTTottenham have enjoyed their best start to a top-flight season since 1960 with Postecoglou the first manager to go unbeaten in his first 10 Premier League games. Chelsea were chasing shadows initially and were relieved when Son's effort was ruled out for offside. Minutes later Chelsea's Moises Caicedo drove a low shot home through a crowd but that was ruled offside and confirmed by VAR.

Persons: Chelsea's Nicolas Jackson, Reece James, Moises Caicedo REUTERS, Tony Obrien, Tottenham Hotspur's, Nicolas Jackson, Mauricio Pochettino, Chelsea, Dejan Kulusevski's, Son Heung, Chelsea scuppered, Cristian Romero, Cole Palmer, Micky van de, James Maddison, Udogie, Jackson, Eric Dier, Son, Robert Sanchez, Ange Postecoglou's, Postecoglou, we're, I'm, Kulusevski's, Levi Colwill, wrongfoot Sanchez, Raheem Sterling, Romero, Colwill, Moises Caicedo, Michael Oliver, Enzo Fernandez, Maddison, Van de, Pochettino, Martyn Herman, Ken Ferris Organizations: Soccer Football, Premier League, Tottenham Hotspur, Chelsea, Tottenham, Spurs, Manchester City, BEST, Argentina, Sterling, Thomson Locations: London, Britain, Chelsea's, Sterling's, Senegal

☆ Fed's Bostic, cheered by jobs data, still leans against further rate hikes
▼ + stars: | 2023-11-03 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 3 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic, weighing in after the release of the latest round of jobs data, said on Friday that the economy's current path appears to indicate that further interest rate increases will not be required. Even so, he said, "there's still a lot that’s going to happen between now and even the next meeting. The jobs report came after the Fed earlier this week held its short-term interest rate target at the 5.25% to 5.5% level it has been at since late July. The Fed preserved the option to raise rates further but most investors believe it won't, and the jobs data helped bolster the case for no further action. Bostic said he is not looking for the U.S. to have a recession as part of his current forecast.

Persons: Raphael Bostic, Bostic, We're, I'm, Michael S, Daniel Wallis Organizations: Federal Reserve Bank of Atlanta, Fed, Thomson

☆ Fed's Bostic says he's leaning against additional rate hikes
▼ + stars: | 2023-11-03 | by ( Michael S. Derby | ) www.reuters.com time to read: 1 min

NEW YORK, Nov 3 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday that the economy's current path appears to indicate that further interest rate increases will not be required. "My outlook is that we are going to stay on that slow and steady [growth path] and if we continue to do that, then I think where we are now will be sufficiently restrictive to get us to the 2% level for inflation," Bostic said in an interview on Bloomberg's television channel. Even so, he said, "There's still a lot that’s going to happen between now and even the next meeting. We're going to get a couple of jobs numbers, we're going to get a couple of readings for inflation, and that'll tell us and give us more signals as to what's going on in the economy." Reporting by Michael S. DerbyOur Standards: The Thomson Reuters Trust Principles.

Persons: Raphael Bostic, Bostic, We're, Michael S Organizations: Federal Reserve Bank of Atlanta, Derby, Thomson

☆ 17 Best Dress Shoes for Men, According to Style Experts
▼ + stars: | 2023-11-03 | by ( Leah Melclinton | ) www.wsj.com time to read: +8 min

The laces and classic body shape are characteristic of traditional men’s dress shoes, while the rugged rubber soles still make a statement with any formal outfit. “Good leather shoes are not an arena in which it pays to cut costs,” he says, recommending investing in “the pair of a decade” from this made-in-England favorite. (Crockett & Jones has regal and Hollywood credentials: the brand received a Royal Warrant of Appointment in 2017, and this is the style of dress shoes worn by Daniel Craig’s James Bond). Sleek sneakersThe key to dressed-up sneakers is finding a leather pair free of busy accents or logos. The style is “acceptable to wear with dress clothes,” confirms Los Angeles-based personal stylist Rayne Parvis, who advises people to wear these sneakers in place of brown lace-up dress shoes.

Persons: Leah Melby Clinton You’ve, Magnanni Marco, Jim O’Brien, O’Brien, Wes Sharpton, Cole Myers, ”, Jones, Daniel Craig’s James Bond, Nolan Beck, Rivera, suede Myers, Myers, cushioned, ’, ” Beck, Johnny Cash, Saint Laurent, “ They’re, Beck, Rayne Parvis Organizations: Huntington, Cleobella, Kansas, Monroe, Crockett, Chelsea Boots Locations: Huntington Beach, Calif, Catskill, N.Y, New York City, Paris, Kansas City, Mo, England, Polish, Richmond, Va, Montreal, French, Alsace, ”, Mexico, Nisolo, Los Angeles

ARCADIA, Calif. (AP) — Fierceness won the $2 million Breeders’ Cup Juvenile by 6 1/4 lengths at Santa Anita on Friday, giving trainer Todd Pletcher the early favorite for next year’s Kentucky Derby. Pletcher and owner Mike Repole won the Juvenile last year with Forte. Pletcher earned his 15th Cup victory, while John Velazquez notched his 20th, second all-time among jockeys. Political Cartoons View All 1234 ImagesFive of the seven horses that were scratched from Cup races Friday were for veterinary reasons, while the other two were by order of the stewards. Racing resumes Saturday with nine Cup races, including the $6 million Classic.

Persons: — Fierceness, Todd Pletcher, Mike Repole, Forte, Pletcher, John Velazquez, Fierceness, Bob Baffert, ”, Mike Farrell Organizations: Breeders, Kentucky Derby Locations: ARCADIA, Calif, Santa

☆ Erik ten Hag: Manchester United just can’t find winning formula under Dutch coach
▼ + stars: | 2023-11-02 | by ( Michael Johnston | ) edition.cnn.com time to read: +9 min

“It is below the standards you expect at Manchester United,” Ten Hag told reporters after Wednesday’s defeat. Rasmus Højlund joined Manchester United from Italian club Atalanta in August for a reported fee of $87.7 million. “You just can’t quite get the stability that Ferguson brought, and since then, people have come and gone,” Dutch football expert Michael Statham told CNN Sport. Manchester United manager Ten Hag has had a very public falling out with Jadon Sancho, who last played for the club in August. They are not thinking about strategic reviews or structures or whatever,” the United manager said before the Manchester derby on the weekend.

Persons: Erik ten Hag, Wednesday’s, Newcastle United –, Hag, “, they’re, “ You’re, Rasmus Højlund, Alex Livesey, Sir Alex Ferguson, Ferguson, Michael Statham, Mason Mount, John Walton, –, Mason Greenwood, Antony, Jadon Sancho, Ten Hag, Gareth Copley, Glazer, everpresent, Jim Ratcliffe, Jassim Bin Hamad Al, Sheikh Jassim, Ratcliffe, Michael Regan, Gary Neville, Erik, ” Neville, ”, Jamie Carragher, Lisandro Martínez, Johan Cruyff, that’s, ” Statham, Tyrell Malacia, Martínez, they’ve, Statham, Sancho, “ He’s, Erling Haaland, John Stones, Catherine Ivill Organizations: CNN, Manchester, English Premier League, Old, Manchester City, Newcastle United, Manchester United, of, Atalanta, United, CNN Sport, Chelsea, Spanish, Getafe, Arsenal, The Athletic, Qatari, Sky Sports, Getty, –, ” CNN, Dutch, Ajax –, Ajax, ”, humbling Locations: Old Trafford, Italian, Jassim Bin Hamad Al Thani, Europe, Liverpool, Argentine, Manchester United's Old Trafford, United, Newcastle

☆ Fed's Powell says higher rates need to persist to affect Fed policy choices
▼ + stars: | 2023-11-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

Federal Reserve Board Chairman Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on future central bank monetary policy choices. Tighter financial conditions could bear on Fed actions if they are persistent and it "remains to be seen" if that will be the case. But he did add higher Treasury market yields "are showing through" to real world borrowing costs, Powell said at a press conference following the Federal Open Market Committee meeting. Reporting by Michael S. Derby; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Kevin Lamarque, Powell, Michael S, Chizu Organizations: Federal, Committee, Federal Reserve, REUTERS, Thomson Locations: Washington , U.S

☆ Fed's Powell says balance sheet rundown will proceed without change for now
▼ + stars: | 2023-11-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that he sees no reason to change the current drawdown of the central bank's still-massive balance sheet. The rate-setting Federal Open Market Committee "is not considering changing the pace of balance sheet runoff. While shrinking Fed holdings may have a small impact on real world borrowing costs, "I think it’s hard to make a case that reserves are even close to scarce at this point." Reuters GraphicsFed officials have said repeatedly that the balance sheet drawdown effort complements rate rises and runs in the background.

Persons: Jerome Powell, Kevin Lamarque, Powell, it's, Loretta Mester, Michael S, Andrea Ricci Organizations: Federal, Committee, Federal Reserve, REUTERS, Fed, Reuters Graphics Reuters, Reuters Graphics Fed, Reuters Graphics, Cleveland Fed, Thomson Locations: Washington , U.S

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