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☆ Fed officials are now considering fewer rate cuts this year
▼ + stars: | 2024-03-26 | by ( Elisabeth Buchwald | Bryan Mena | ) edition.cnn.com time to read: +7 min

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

☆ Stock futures inch higher after S&P 500 notches three-day losing streak: Live updates
▼ + stars: | 2024-03-26 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures are up slightly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 69 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each added 0.1%. With a slide of 0.3%, the S&P 500 saw its third down trading day in a row. As of Tuesday's close, the S&P 500 has added 2.1% in the month and 9.1% in the quarter.

Persons: Dow, Robert Schein, Christopher Waller, There's Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Wealth Management, Federal Reserve

☆ Here’s why the Fed doesn’t see a US recession in coming years
▼ + stars: | 2024-03-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

“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

☆ Markets are eyeing a June rate cut. Here's what Fed officials have said on policy, jobs, and inflation that point to the next steps.
▼ + stars: | 2024-03-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Fed officials have said rate cuts are coming soon, but inflation must still cool further. Markets are placing the greatest odds on a rate cut in June, fed fund futures show. AdvertisementFederal Reserve officials have said interest rate cuts are coming this year, but there's not an exact date in their outlook just yet. Those expectations were little changed after Tuesday's inflation report, which showed CPI came in hotter than expected in February. Reducing our policy rate too soon could result in requiring further future policy rate increases to return inflation to 2 percent in the longer run."

Persons: —, there's, CME's, Jerome Powell, " Neel Kashkari, Michelle Bowman, Patrick Harker, Raphael Bostic, John Williams, Christopher Waller Organizations: Service, Federal, Bank of America, Capital, Capital Economics, Labor

☆ Russia isn't ready for the surprise NATO attack its strategists foresee
▼ + stars: | 2024-03-09 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Russian strategists argue its military needs more robust systems to defend against a NATO surprise attack that would come in the form of conventional missile strikes, a warning that comes as NATO conducts a massive exercise near Russia's northern border. How exactly NATO would attack Russia in this scenario is unclear, though the Russian analysts seem to be describing what the US military would call "multi-domain operations." The attack would be preceded by "provocations" to justify a war, as well as the deployment of forces near Russia. This perceived NATO strategy of massive strikes risks compelling Russia to use its nuclear weapons, especially tactical nukes, to defend itself. Ironically, the missile strike that Russian military experts accuse the West of planning is a mirror image of how Russia itself would fight a war.

Persons: —, David Petraeus, Cpl, Christopher Hernandez, That's, Julian Waller, Michael Peck Organizations: Service, NATO, TASS, Russian Aerospace Forces, CIA, Army, Marine Corps, US, Corps, Nordic, Kremlin, Russian Air Force, Center for Naval Analyses, West, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Russia's, Ukraine, Andenes, Norway, Finland, Sweden, Barents, Arlington , Virginia, Forbes

☆ Bitcoin's record-breaking run could postpone Fed rate cuts, JPMorgan says
▼ + stars: | 2024-03-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The soaring price of bitcoin could delay the Federal Reserve's plans to cut interest rates, according to JPMorgan. The bank said signs of froth in risk assets like bitcoin could lead to higher for longer interest rates. AdvertisementThe record rally in bitcoin could lead the Federal Reserve to delay its planned interest rate cuts later this year, according to JPMorgan. That froth could ultimately drive the Fed to hold off on its planned interest rate cuts, which are often stimulative for risk assets, as it could unleash another round of inflation. "This may keep monetary policy higher for longer, as premature rate cutting risks further inflating asset prices or causing another leg up in inflation," Kolanovic said.

Persons: Marko Kolanovic, Kolanovic, Christopher Waller Organizations: JPMorgan, Federal Reserve Locations: bitcoin

☆ Watch Fed Chair Jerome Powell testify live on Capitol Hill before House panel
▼ + stars: | 2024-03-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chairman Jerome Powell appears Wednesday before the House Financial Services Committee as part of his congressionally mandated semiannual testimony on Capitol Hill. "We believe that our policy rate is likely at its peak for this tightening cycle. If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year," Powell said. Powell is likely to face a variety of questions during his two-day visit to Capitol Hill, which concludes Thursday before the Senate Banking Committee. Read more:Fed Chair Powell testifying to House on Wednesday.

Persons: Jerome Powell, Powell, Read, Fed's Waller Organizations: Federal, Financial, Capitol, Fed, CNBC, YouTube

☆ Gold off two-week highs as U.S. dollar ticks higher
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched lower on Monday pressured by a gaining U.S. dollar, but bullion's losses were cushioned as growing tensions in the Middle East supported the safe-haven near last session's over two-week highs. Gold prices inched lower on Monday pressured by a gaining U.S. dollar, but bullion's losses were cushioned as growing tensions in the Middle East supported the safe-haven near last session's over two-week highs. "Gold has exhibited some mild easing to kick-off the new week mostly due to the dollar ticking higher. Last week, Fed Governor Christopher Waller said he was in "no rush" to cut rates, firming investor bets against U.S. interest rate cuts before June. Markets are currently pricing in a 68% chance of a Fed rate cut in June, according to the CME Fed Watch Tool.

Persons: Tim Waterer, Waterer, Christopher Waller, Silver Organizations: U.S, East, KCM, CME Locations: U.S

☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

Average 30-year mortgage rates started the month low, but they've increased substantially since then and are now nearing 7%. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.90% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.29% last week, according to Freddie Mac data, which is a 17-basis-point increase from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.

Persons: Christopher Waller, Freddie Mac Organizations: Federal Reserve, Zillow, Fed Locations: Chevron

☆ Yen sinks as currency traders keep short and carry on
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +3 min

The yen is the worst-performing G10 currency this year, with a 6.4% slide on the dollar. For the week the yen is down 0.6% on the euro, touching its weakest for three months overnight at 163.45 per euro . Yen moves against the dollar were more modest due to the risk its slide could prompt intervention in markets from Japan, with officials reminding traders they stand ready in recent days. The dollar gained 0.1% to trade at 150.41 yen this week. Investors can earn interest, or carry, by borrowing yen around 0% and buying income-bearing assets in other currencies.

Persons: Moh Siong Sim, Sterling, Christine Lagarde, Christopher Waller Organizations: New, Deutsche, Britain, of Singapore, U.S, European Central Bank Locations: Japan, New Zealand, Friday's Asia, U.S, Europe

☆ Oil falls after U.S. Fed governor says no rush to cut interest rates
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +1 min

This picture taken on Jan.12, 2024 shows onshore oil pumps in Tutong district in Brunei. Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months. Higher interest rates for longer slow economic growth, which curbs oil demand. Waller also pushed back on the idea that the Fed risks sending the economy into recession if it waits too long to cut rates, saying the Fed can afford to "wait a little longer". Oil futures had settled higher on Thursday as hostilities continued in the Red Sea, with Iran-aligned Houthis stepping up attacks near Yemen to show support for Palestinians in the Gaza war.

Persons: Christopher Waller, Waller, Benjamin Netanyahu's Organizations: U.S, Fed, Brent, West Texas, . Federal, Israel Locations: Tutong district, Brunei, U.S, Red, Iran, Yemen, Gaza, Paris

☆ Treasury yields rise as investors consider monetary policy path
▼ + stars: | 2024-02-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last more than two basis points higher to 4.7413%. U.S. Treasury yields were slightly higher on Friday as investors considered the path ahead for interest rates after fresh comments from Federal Reserve speakers. Investors considered the uncertain outlook for interest rates, especially when and how often they would be cut this year. Fed Governor Christopher Waller on Thursday said that he was looking for more evidence that inflation was cooling before cutting interest rates. January's consumer price index and producer price index readings had both come in hotter than expected, raising concerns about whether inflation is more persistent than many had hoped for.

Persons: Christopher Waller, Lisa Cook Organizations: Treasury, U.S, Federal Reserve, Investors, Fed

☆ Gold set for weekly gain as weak dollar, Middle East woes lift appeal
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Friday and were on track for their first weekly rise in three, as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion's appeal. Gold prices inched higher on Friday and were on track for their first weekly rise in three, as a broadly weaker U.S. dollar and growing tensions in the Middle East lifted bullion's appeal. Spot gold was up 0.1% at $2,025.7 per ounce, as of 0411 GMT, and has gained 0.7% so far in the week. Tension mounted in the Middle East as Yemen's Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship, and they targeted Israel's port and resort city of Eilat with ballistic missiles and drones. Meanwhile, the dollar index was heading for its first weekly dip in nearly two months, making the greenback-priced bullion less expensive to overseas buyers.

Persons: Edward Meir, Houthis, Christopher Waller Organizations: Federal Reserve, CME Locations: Iran, Eilat

☆ Fed's Waller wants more evidence inflation is cooling before cutting interest rates
▼ + stars: | 2024-02-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he is willing to support interest rate cuts. on cutting rates, the central bank official said higher-than-expected inflation readings for January raised questions on where prices are heading and how the Fed should respond. He added that there are few signs inflation will fall below 2% anytime soon based on strong 3.3% annualized growth in gross domestic product and employment, with few signs of a potential recession in sight. "That makes the decision to be patient on beginning to ease policy simpler than it might be," Waller said.

Persons: Christopher Waller, Waller Organizations: US Federal Reserve, Washington , D.C, Federal, Committee Locations: Washington ,, Minneapolis

☆ For Bob Marley's many children and grandchildren, reggae is the family business
▼ + stars: | 2024-02-20 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

Bob MarleyJamaican reggae musician, songwriter, and singer Bob Marley performs onstage, in a concert at Grona Lund, Stockholm. Hulton Archive/Getty ImagesRobert Nesta Marley was born February 6, 1945 in the village of Nine Mile to Cedella Malcolm, a 19-year-old Black Jamaican woman, and Capt. The Jamaican reggae artist has been credited with making Jamaican music more popular worldwide. His greatest hits album "Legend" — which was released posthumously — remains the best-selling reggae album of all time, and Marley still ranks among the best-selling musicians of all time. Marley's life is dramatized in a new biopic called "Bob Marley: One Love," starring Kingsley Ben-Adir as the music icon.

Persons: Bob Marley, Robert Nesta Marley, Malcolm, Norval Marley, Marley, —, Peter Tosh, Bunny Waller, Tosh, Waller, Eric Clapton, Rita, Gibson Les Paul, Edward Seaga, Kingsley Ben, Adir Organizations: Grona, Hulton, Island Records, Wailers, Jamaican Locations: Grona Lund, Stockholm

☆ Dollar steady as sticky inflation dents rate cut expectations
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +3 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained rooted near the psychologically key 150 per dollar level. Chandler said there appears little on the charts to deter a test to last year's low of 152 per dollar level. Several Fed officials including Christopher Waller and Raphael Bostic are also due to speak this week. The Australian dollar rose 0.29% to $0.655, while the New Zealand dollar advanced 0.34% to $0.614.

Persons: Marc Chandler, Chandler, Christopher Waller, Raphael Bostic, Christopher Wong, BOE Organizations: Engraving, Federal Reserve, of Finance, Bannockburn Global, Data, Citi, Investor, Bank of England's, New Zealand Locations: United, Washington, Bannockburn, Bannockburn Global Forex

☆ Higher-for-longer interest rates favor large companies over their smaller rivals in many ways
▼ + stars: | 2024-02-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm. Before the Bell: How do the effects of higher-for-longer interest rates on companies vary by size? I think it might be a stretch to say that M&A activity picks up because of higher interest rates, so instead, it’s that if good businesses are beginning to suffer because of higher interest rates, then they might be more likely to be a target. Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living.

Persons: It’s, Bell, Lauren Goodwin, Matt Egan, ”, Patrick De Haan, doesn’t, ” Read, Raphael Bostic, Michelle Bowman, Philip Jefferson, Patrick Harker, Lisa Cook, Neel Kashkari, Christopher Waller Organizations: CNN Business, Bell, DC CNN, Federal Reserve, New York Life Investments, AAA, ’, HSBC, Walmart, Home Depot, Barclays, Caesars Entertainment, Nvidia, Rivian, Fidelity, Marriott, Intuit, Pacific Gas & Electric, Global, Chicago Fed, US Labor Department, National Association of Realtors, Warner Bros ., Icahn Enterprises Locations: Washington, Wingstop, United States

☆ Good news for the Fed: Revised inflation data confirms last year’s progress
▼ + stars: | 2024-02-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

That left Fed officials bracing for the latest batch of revised CPI data, released Friday morning, which some feared could take away the inflation progress they observed last year. Instead, officials got some good news: December’s monthly inflation wasn’t as bad as initially reported, according to newly revised figures from the BLS. And for other months last year, initial data was either unchanged or revised by no more than one-tenth of a percentage point up or down. Recent data revisions have complicated the Fed’s monetary policy decisionsFed officials have been complaining about data revisions to key economic reports lately. But if revised data indicates that job gains didn’t actually slow that much in a month, cutting rates could move the inflation rate further from their target.

Persons: Christopher Waller, Waller, Friday’s, Kieran Clancy, ” Clancy, “, ” “, ” Organizations: New, New York CNN, Federal Reserve, Bureau of Labor Statistics, BLS, ”, Pantheon Locations: New York

☆ Sequoia-backed fintech Pennylane just became a unicorn. Check out the 15-slide pitch deck it used to raise $43 million.
▼ + stars: | 2024-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French accounting tech startup Pennylane has raised $43 million in a deal that valued the business at over $1 billion. Founded in 2020, Pennylane works with SMEs and accounting firms to simplify and digitize their accounting processes. The company's SaaS model pulls third-party data from platforms like Stripe and Qonto, to help SMEs with their accounting needs. This story is available exclusively to Business Insider subscribers. "We've seen very strong growth in users and revenues, without having to grow our sales and marketing spend," Waller told Business Insider.

Persons: Pennylane, Arthur Waller, Waller, it's, Visma Organizations: Business, Sequoia Locations: Paris, Pennylane

From 1999 to 2020, Black women were on average six times more likely than white women to be a victim of homicide, according to a new study, with researchers pointing to structural social inequities as fueling their higher risk. In 2020, the homicide rate for Black women was 11.6 homicides per 100,000 women, compared to a relatively static rate of 3 per 100,000 among white women in the same age group. Wisconsin, in particular, saw the largest disparity of any state overall, with the homicide rate among Black women more than 20 times that of white women from 2019 through 2020. Study authors said this marks a “disturbing increase” from the period between 1999 and 2003, when the homicide rate among Black women was six times that of white women. “Structural racism might provide insight as to why Black women, regardless of their ethnicity, face disproportionately high rates of homicide,” the study stated.

Persons: “, ”, Bernadine Waller, ” Waller, they’re Organizations: National Institute of Mental Health, Columbia University Irving Medical, D.C, U.S . News, Wisconsin Locations: Midwest, South, West, Virginia, Alabama, Florida . Wisconsin, In Wisconsin , Missouri, Arizona, Oklahoma, Washington

☆ The 'Mr. and Mrs. Smith' reboot is nothing like the original movie — and that's what makes it must-watch television
▼ + stars: | 2024-02-02 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

If you were among the many who wondered why anyone would make a "Mr. and Mrs. Smith" reboot, this time without Brad Pitt and Angelina Jolie, when the project was announced in 2021, you'd be forgiven. "Mr. and Mrs. Smith," co-created by Donald Glover and Francesca Sloane (who previously worked with Glover on "Atlanta") remixes the film's premise. AdvertisementThis central relationship is the true hook of "Mr. and Mrs. Smith," a show that's more about cultivating intimacy and vulnerability than it is espionage. While a previous iteration of the series starred "Fleabag's" Phoebe Waller-Bridge alongside Glover, it's hard to imagine "Mr. and Mrs. Smith" without Erskine. All eight episodes of "Mr. and Mrs. Smith" are streaming now on Prime Video.

Persons: Smith, Brad Pitt, Angelina Jolie, you'd, Pitt, Jolie, Donald Glover, Francesca Sloane, Glover, John, Jane Smith, Maya Erskine, Jane, David Lee, Erskine's Jane, Glover's John Smith, they've, Sarah Paulson, Michaela Coel, Paul Dano, Toby, Ron Perlman, Fleabag's, Phoebe Waller, it's, Erskine, Glover's John, Erskine elucidates, David Fleming's unnerving Organizations: Service, Business, New, New York City Locations: New York City, New York

☆ Companies are hopeful about the economy again — even if they’re nervous
▼ + stars: | 2024-02-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. Some of the United States’ biggest companies are in the hot seat to answer questions about the economy, and where it could be headed. Like the rest of the US, companies are watching whether the economy could still tip into a recession as interest rates hover around a 23-year high. Achieving a soft landing, or a situation in which inflation comes down without an economic downturn, looks likely, some companies said. According to the UK government’s own estimates, the checks — including physical inspections from April — will cost British businesses about £330 million ($419 million) annually and increase food inflation by about 0.2 percentage points over three years.

Persons: it’s, ”, Michael Hsu, Kimberly, Clark, Blackstone, Stephen Schwarzman, Christophe Le Caillec, Jim Vondruska, We’re, Robert Isom, Lorenzo Simonelli, Baker Hughes, Alan Schnitzer, Elisabeth Buchwald, “, Christopher Waller, Waller, Hanna Ziady, Read Organizations: CNN Business, Bell, New York CNN, United States ’, American, O'Hare Airport, Travelers Companies, ”, European Union Locations: New York, Chicago , Illinois, United Kingdom, Britain

☆ Maya Erskine, of ‘Mr. & Mrs. Smith,’ Thinks She Would Make a Good Spy
▼ + stars: | 2024-02-01 | by ( Alexis Soloski | ) www.nytimes.com time to read: +1 min

“What would happen if James Bond had a blister?” Maya Erskine wondered recently. Erskine, 36, an actor and writer, has been thinking of hypotheticals like these ever since Donald Glover (“Atlanta,” “Swarm”) approached her about starring in “Mr. This eight-episode series, created by Glover and the writer Francesca Sloane, arrives on Amazon Prime Video on Feb. 2. The new John and Jane Smith, played by Glover and Erskine, are spies hired by a shadowy organization to pose as a married couple. While completing high-risk missions and racking up casualties, John and Jane are also achieving various relationship milestones — first date, first kiss, first vacation.

Persons: James Bond, Erskine, Donald Glover, “, Smith, Brad Pitt, Angelina Jolie, Glover, Francesca Sloane, John, Jane Smith, Phoebe Waller, Jane, —, ” Organizations: Amazon Prime, Glover’s Locations: Atlanta

☆ Fed meeting walkup: Chair Powell expected to announce rates will hold steady
▼ + stars: | 2024-01-31 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington, DC CNN —The Federal Reserve is widely expected to hold interest rates steady Wednesday for the fourth consecutive meeting, leaving them at a 23-year high as policymakers likely discuss the timing of rate cuts. That’s because, if inflation drifts lower but interest rates remain elevated, it causes “real” interest rates to rise, unnecessarily squeezing the economy and risking job losses. A rapidly weakening economy threatening mass job losses is an obvious reason to cut rates, which most economists aren’t currently forecasting. But another concern that has gained some traction is the rise of inflation-adjusted interest rates, which is an argument for rate cuts. The Fed is set to announce its latest policy decision at 2 pm ET on Wednesday, followed by a press conference from Chair Powell at 2:30 pm ET.

Persons: Jerome Powell’s, —, ” Sarah House, “, ”, Christopher Waller, it’s, Mary Daly, they’re, aren’t, Austan Goolsbee, Subadra Rajappa, Générale, Powell Organizations: DC CNN, Federal Reserve, Fed, CNN, ” San Francisco Fed, Fox Business, Chicago Fed, CNBC, PCE, Labor Department Locations: Washington, Wells, ” San

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