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☆ 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

☆ Fed's reverse repo facility drawdown looms large in balance sheet debate
▼ + stars: | 2023-10-31 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

Inflows have dropped sharply in recent months to around $1 trillion in the face of the Fed's aggressive policy tightening underway since last year. Fed officials, for their part, have said repeatedly they’ve got a lot of room to cut their holdings of Treasuries and mortgage-backed securities, a process that complements Fed rate increases. So far, reverse repos have “come down very smoothly,” Lorie Logan, president of the Dallas Fed said earlier this month. In his view, if reverse repos stopped contracting that could become a meaningful sign liquidity levels were getting tight enough for the Fed to change gears. "We still have a very large balance sheet" so the balance sheet cuts can likely continue over the next year and half to two years, she said, adding when it comes to getting to the finish line, "it's going to take a while."

Persons: they’ve, ” Lorie Logan, Logan, “ I’ve, Wells Fargo, Roberto Perli, Lou Crandall, Wrightson ICAP, Crandall reckons, Loretta Mester, Michael S, Dan Burns, Andrea Ricci Organizations: Fed, Dallas Fed, New York Fed, Reuters Graphics Reuters, Cleveland Fed, Thomson Locations: Treasuries, Wells

☆ 'Spoilt' Olympiakos must accept sanctions for crowd trouble, says Panathinaikos president
▼ + stars: | 2023-10-31 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

BERLIN, Oct 31 (Reuters) - Greece's record champions Olympiakos should accept the sanctions, including a docked point, for crowd trouble in their abandoned Athens derby against Panathinaikos for the good of the sport, Panathinaikos president Giannis Alafouzos said. The Super League's disciplinary body awarded the game to Panathinaikos 3-0 and docked hosts Olympiakos a point, a decision the Piraeus club has since appealed, claiming no one was injured. The player would also not feature in Saturday's league match against Lamia either. In 2019, a Panathinaikos home match against Olympiakos was abandoned after their fans attacked players on the visiting team's bench and clashed with police. Panathinaikos are top of the league, a point ahead of rivals Olympiakos after nine league matches.

Persons: Giannis Alafouzos, Juan, Juankar, Carlos, Alafouzos, Lamia, Karolos Grohmann, Pritha Sarkar Organizations: Olympiakos, Panathinaikos, Reuters, Thomson Locations: Athens, Piraeus

ARCADIA, Calif. (AP) — A horse set to run in this weekend’s Breeders’ Cup died Tuesday at Santa Anita, and a short time later, Belmont Stakes winner Arcangelo dropped out of the $6 million Classic. Practical Move was returning from a morning gallop when he experienced a suspected cardiac event, according to a statement from Breeders’ Cup officials. Practical Move won the San Felipe and Santa Anita Derby on his home track before a fever forced him to miss the Kentucky Derby in May. He then took six months off and returned to win a race on Oct. 6 at Santa Anita. Another Breeders' Cup contender who was injured near the end of a workout last Saturday at Santa Anita is not recovering as well as his owner had hoped.

Persons: Arcangelo, Jena Antonucci, Arcangelo's, “ He's, ”, TVG, we've, ” Arcangelo, Mage, wasn’t, Santa Anita Derby, Tim Yakteen, Richard Mandella, ___ Organizations: Breeders ’, . Kentucky Derby, California Horse Racing Board, Racing, Breeders, San, Santa, Kentucky Derby, Equine Medical Hospital, of Fame Locations: ARCADIA, Calif, Santa, San Felipe, Santa Anita, Chino

☆ Horse racing-Breeders' Cup contender dies at Santa Anita, Arcangelo scratched from Classic
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

According to race officials, Practical Move's rider was uninjured and the 3-year-old colt was immediately tended to by veterinarians from the California Horse Racing Board, 1/ST Racing, and Breeders' Cup. Practical Move had returned to action in early October at Santa Anita where he romped to a four-length victory. Arcangelo, who was made the second choice at 7-2 and drew the inside post for the Breeders' Cup Classic, had been dealing with a hind hoof issue since losing a shoe over the weekend. "And as we've talked about from day one, this will always be horse first, no matter what. "We need to do right by him and missing a race is going to be what it's going to be this time."

Persons: Tim Yakteen, Matt Stone, Arcangelo, Jena Antonucci, Javier Castellano, Frank Pingue, Toby Davis Organizations: Kentucky Derby, Churchill, USA, Breeders, Belmont, California Horse Racing Board, Santa Anita, racing's Triple Crown, Thomson Locations: Louisville , KY, USA, Louisville, Ky, Arcadia , California, Kentucky, Santa, U.S, Toronto

☆ French football again left reeling by rioting fans as Olympics loom
▼ + stars: | 2023-10-30 | by ( Julien Pretot | ) www.reuters.com time to read: +4 min

Grosso, a World Cup winner with Italy in 2006, sustained facial injuries during the incident, leaving league officials to deal with another episode of rioting fans. Some preliminary round Olympic matches will be played in Marseille, where violence erupted at the 1998 World Cup between England fans and French police. Marseille condemned the behaviour of their fans in a statement on Monday. Lyon condemned their fans' behaviour after some were seen making Nazi salutes at the Velodrome. "OL firmly condemns the unacceptable racist behaviour of individuals in the stands on Sunday," the club said in a statement.

Persons: Lyon, Fabio Grosso, Gerald Darmanin, Pablo Longoria, Marseille, Amelie Oudea, Castera, St Etienne, Julien Pretot, Sudip Kar, Tassilo Hummel, Michael Perry Organizations: Olympique de Marseille's Ligue, Olympique Lyonnais, Italy, Marseille's Stade Velodrome, French League, England, French, Olympique de Marseille, Stade Orange Velodrome, France, Stade Velodrome, Marseille, RC Lens, Lille, St, Thomson Locations: Grosso, Marseille's, Marseille, Nice, Montpellier, Angers

☆ Manchester United midfielder Fernandes is "not captain material", says Keane
▼ + stars: | 2023-10-29 | by ( Lori Ewing | ) www.reuters.com time to read: +1 min

MANCHESTER, England, Oct 29 (Reuters) - Manchester United midfielder Bruno Fernandes should be stripped of his captaincy according to former player Roy Keane, who blasted the Portuguese international after the squad's 3-0 loss to Manchester City in Sunday's derby at Old Trafford. He is not captain material," Keane said on Sky Sports. Keane, a former United captain, echoed Gary Neville's thoughts on Fernandes after the side's 7-0 thrashing at Liverpool last season, their heaviest loss since 1931. Fernandes was made captain last summer after Harry Maguire was stripped of the role. "I know it's a big decision, obviously they changed the captaincy with Maguire, but Fernandes is not captain material.

Persons: Bruno Fernandes, Roy Keane, Fernandes, Keane, Gary Neville's, Erik ten Hag, Neville, Harry Maguire, Maguire, Lori Ewing, Clare Fallon Organizations: Manchester United, Portuguese, Manchester City, Old, Sky Sports, United, Liverpool, Thomson Locations: MANCHESTER, England, Sunday's, Old Trafford

☆ United manager Ten Hag says derby loss one of most disappointing days of his tenure
▼ + stars: | 2023-10-29 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

MANCHESTER, England, Oct 29 (Reuters) - In what is turning into a miserable season for Manchester United, manager Erik ten Hag said Sunday's 3-0 demolition by local rivals Manchester City at Old Trafford was one of the most disappointing days in his tenure with the team. Asked if Sunday was one of his worst days in the job, the downcast manager told reporters: "Yes. "When you lose a derby in the way we lose is disappointing. First half we had a very good game plan and the execution was very good and then the penalty changed the moment." Former Manchester United defender Gary Neville called United's loss "appalling" on Sky Sports.

Persons: Erik ten Hag, Erling Haaland, Phil Foden, United, Scott McTominay's, Ederson, Pep Guardiola, Guardiola, Gary Neville, Roy Keane, they've, Lori Ewing, Clare Fallon Organizations: Manchester United, Manchester City, United, League, Manchester, City, Premier League, Old, Former Manchester United, Sky Sports, Thomson Locations: MANCHESTER, England, Old Trafford, Copenhagen

☆ Brentford stun Chelsea in 2-0 win at Stamford Bridge
▼ + stars: | 2023-10-28 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

"The frustration is so massive," Pochettino told talkSPORT radio, saying a strong first-half performance gave way to a lack of calm after the break. Defender Marc Cucurella shot straight at Mark Flekken after a lofted pass by playmaker Cole Palmer. But Brentford soaked up everything Chelsea could throw at them with centre forward Nicolas Jackson, back in the starting 11 after an injury, unable to provide much of a threat. Brentford's third league win at Stamford Bridge in as many seasons meant that they leap-frogged their neighbours into 10th spot, while Chelsea dropped to 11th ahead of the rest of the weekend's fixtures. One name linked to the club is Brentford and England centre forward Ivan Toney who scored 20 times in the league last season but who is currently serving an eight-month ban for breaching betting rules.

Persons: Ethan Pinnock, Bryan Mbeumo, Mauricio Pochettino, Pochettino, Chelsea, Pinnock, Robert Sanchez, Thomas Tuchel, Graham Potter, Noni Madueke, Marc Cucurella, Mark Flekken, Cole Palmer, Nicolas Jackson, Ivan Toney, William Schomberg, Hugh Lawson Organizations: Brentford, Chelsea, Arsenal, Blues, Stamford, Thomson Locations: London, Argentine, U.S, England

☆ Look of the Week: LeBron James flies the flag for the man bag
▼ + stars: | 2023-10-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Four-time NBA champion LeBron James is the latest male celebrity to be spotted out and about wearing a high-fashion bag. James arrived in Denver wearing a green Louis Vuitton Speedy bag. Jacob Elordi was seen this summer in an array of it bags, including this burgundy Valentino Loco bag. Indeed, men wearing bags are consistently the butt of jokes in internet memes, comic strips, and even stand-up comedy sets. Doubtless it’s a dedication appreciated by the likes of James, Elordi, A$AP and Tyler, whose street style looks contribute further proof — were any needed — that man purses are enjoying a newfound socio-cultural appreciation.

Persons: LeBron James, James, Louis Vuitton, Garrett Ellwood, Kim Kardashian, Rihanna, Jacob Elordi, Sofia Coppola’s, “ Priscilla ”, Burberry Sanford, Valentino, James ’, “, ”, Tyler, — Tyler, Alessandro Levati, Joey, Chandler, Ross, Andrew Schulz, Rocky, Jackson Lee, Pharrell, Elordi Organizations: CNN, Ball, LA Lakers, Denver’s Nuggets, Burberry, tote, GQ Magazine, Louis Vuitton Locations: Denver , Colorado, Denver, bro

☆ Last two Scudetto winners come face to face as Napoli host Milan
▼ + stars: | 2023-10-26 | by ( Trevor Stynes | ) www.reuters.com time to read: +3 min

Oct 26 (Reuters) - This weekend's Serie A fixtures pit the last two Scudetto winners against each other, as defending champions Napoli host AC Milan on Sunday. Inter Milan were first to break Juve's stronghold in 2021, followed by their rivals Milan, before Napoli finally won their third Scudetto last season, and first without Diego Maradona. Now, those three sides, along with Juventus, are battling it out for this season's league title, and the Diego Armando Maradona stadium will see Napoli attempt to stay in the title race against Milan. Verona who won their opening two games, have picked up just two points in the seven games since then. Lazio have already lost four league games this season, but have now won their last two, taking them to 10th in the standings, and on Monday they host high-flying Fiorentina.

Persons: Diego Maradona, Diego Armando Maradona, Rudi Garcia, Garcia, Victor Osimhen, Khvicha, Romelu Lukaku, Jose Mourinho won't, Mourinho, Roma, Trevor Stynes, Christian Radnedge Organizations: Napoli, AC Milan, Sunday, Juventus, Inter Milan, Milan, Inter, Torino, Juve's, Hellas Verona, Champions League, Georgian, Verona, Tuesday's Champions, Union Berlin, MOURINHO, AS Roma, San, Monza, Juve, Lazio, Fiorentina, Empoli, Thomson Locations: Naples, San Siro, Portuguese, Napoli

☆ Man Utd show signs of life, but City offer real test
▼ + stars: | 2023-10-26 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

Another not-too-convincing victory at bottom club Sheffield United last weekend was admirable in its own way following the news of club great Bobby Charlton's death before kickoff. City suffered consecutive league defeats before the international break but have answered any doubts with wins over Brighton & Hove Albion and then at Young Boys on Wednesday in the Champions League. Guardiola will need no reminding that City lost at Old Trafford last year, having crushed United 6-3 at home. City also won the FA Cup final against United on their way to matching the Reds' treble of 1999. Sixth-placed Newcastle United will have to shrug off the disappointment of their Champions League loss to Borussia Dortmund as they face Wolverhampton Wanderers on Saturday.

Persons: Erik Ten, Bobby Charlton's, Harry Maguire's, Andre Onana, Guardiola, Sergio Aguero, They've, they've, Rasmus Hojlund, Erling Haaland, Ange Postecoglou, Monday's, Postecoglou, Martyn Herman, Christian Radnedge Organizations: Manchester, Manchester City, Brentford, Sheffield United, FC Copenhagen, Champions League, Pep, City, Brighton & Hove Albion, Young Boys, Old, FA, United, Reds, Manchester Evening, Premier League, Tottenham Hotspur, Tottenham, Fulham, Arsenal, Nottingham Forest, Newcastle United, Borussia Dortmund, Wolverhampton Wanderers, Saturday, Aston Villa, Luton Town, Thomson Locations: Old Trafford, City, Celtic, Liverpool

☆ NY Fed to tackle weather-related risks in upcoming research barrage
▼ + stars: | 2023-10-25 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

[1/3] A woman passes by The Federal Reserve Bank of New York in New York City, U.S., March 13, 2023. The New York Fed foray into the topic comes as the central bank has retreated from the climate issue after facing heat from some members of Congress. Meanwhile, the central bank formally joined in late 2020 with other major central banks in efforts to shore up the financial system against climate-related disruptions. Some in Congress have seen the Fed’s climate work as a sign of a politicized central bank. That said, the Fed has not ruled out thinking about how climate disruptions affect the full measure of the economy.

Persons: Brendan McDermid, there's, Jerome Powell, Loretta Mester, John Williams, ” Williams, Michael S, Andrea Ricci Organizations: Federal Reserve Bank of New, REUTERS, “, New York Fed, Fed, Cleveland Fed, Queens College, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, New York, New Jersey, Connecticut, Puerto Rico, Congress

☆ Ten Hag sings praises of much-maligned Maguire, Onana after Champions League win
▼ + stars: | 2023-10-24 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

MANCHESTER, England, Oct 24 (Reuters) - Harry Maguire and Andre Onana, two of Manchester United's biggest targets of fan criticism, earned a huge measure of redemption in their squad's 1-0 victory over FC Copenhagen on Tuesday -- and praise from manager Erik ten Hag. Maguire, whose abuse from supporters had former player David Beckham reach out to him in support, headed home in the 72nd minute, while Onana saved a penalty in the final seconds of the match for United's first Champions League win of the season. Ten Hag said defender Maguire, who was also excellent in Saturday's 2-1 Premier League win at Sheffield United, is playing much more proactively in possession. "Stepping in passing vertical, defending also on front foot, stepping in defending forward, very confident in the duels, he is dominating, dominating his opponents," Ten Hag said. "There is a great spirit and they are together and that is important always as a team, the team is more than the sum of the individuals," Ten Hag said.

Persons: Harry Maguire, Andre Onana, Erik ten Hag, Maguire, David Beckham, Onana, Hag, Eriksen, Jordan Larsson's, Bobby Charlton, Charlton's, Alex Stepney, Dan Gore, Lori Ewing, Christian Radnedge Organizations: Manchester United's, FC Copenhagen, United's, League, Premier League, Sheffield United, Christian, Inter Milan, United, Manchester City, Manchester, Thomson Locations: MANCHESTER, England, Manchester, Sheffield, Sunday's, Old Trafford

LONDON (AP) — On a day when English soccer mourned the passing of Bobby Charlton, Manchester City and Liverpool got back on track with wins in the Premier League. City and Liverpool bounced back from two straight disappointing results with comfortable wins to reignite a title rivalry that is showing signs of once again going deep into the season. Julian Alvarez and Erling Haaland netted for City in the opening 20 minutes, with the Norway striker ending a mini-drought after going two league games without scoring. He has never gone three Premier League games without a goal since joining City last season. City has 21 points from nine games, one more point than Liverpool.

Persons: Bobby Charlton, Charlton, United’s, reignite, Julian Alvarez, Erling Haaland, Ansu Fati, City's Manuel Akanji, Mohamed Salah, Everton, Ashley Young, Luis Diaz, Liverpool's Ibrahima Konate, Beto, Jurgen Klopp, Michael Keane, Bournemouth's Lewis Cook, Chris Wood, ___ Organizations: Manchester City, Liverpool, Premier League, Arsenal, Sheffield United, City, Everton, Merseyside Derby, Brighton, Wolverhampton, Tottenham, Newcastle, Crystal, Wolves, Brentford, Burnley, Bournemouth, Luton, Nottingham Forest, Fulham Locations: Merseyside, Norway, Liverpool, Brighton

☆ Fed's Mester says Fed at or near peak for interest rate target
▼ + stars: | 2023-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

Mester noted Fed forecasts released at the September meeting eyed another increase in what is currently a federal funds target rate range of between 5.25% and 5.5% by the end of the year, and then to hold rates steady at high levels for an extended period. “This is consistent with my own reading of economic conditions, the outlook, and the risks to the outlook,” she said. Mester, who does not have a vote on the Federal Open Market Committee this year, also noted that the outlook for policy can change. In her remarks, Mester said inflation pressures are coming down but remain too high. Mester also said that if the recent surge in bond yields is sustained it should help moderate demand, which aligns with Fed goals.

Persons: Loretta Mester, ” Mester, Mester, ”, Michael S, Andrea Ricci Organizations: Federal Reserve Bank, Cleveland, Federal, Fed, Thomson

☆ Fed's Bostic: possible Fed could lower rates in late 2024 - CNBC
▼ + stars: | 2023-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. But that’s possible next year, and “I would say late 2024” is on the table for an easing, Bostic said. The policymaker, who does not hold a vote on the rate setting Federal Open Market Committee this year but will next year, has said in recent remarks he believes the Fed is done raising rates. Bostic said in the television appearance that information he’s picking up points to an economy which, while still possessing forward momentum, is losing speed. “When I talk to businesses, they all tell me the slowdown is coming,” Bostic said.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, “, ” Bostic, ”, “ I’ve, he’s Organizations: Federal Reserve Bank of Atlanta, REUTERS, CNBC Locations: Dublin, Ireland

☆ Fed has 'some time' to see data before deciding next rate move, says Logan
▼ + stars: | 2023-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Logan acknowledged progress in lowering inflation while still being unsure that price pressures are ebbing to the Fed's 2% target. She said a still-strong job market may need to weaken further to help the Fed achieve its inflation goals. "My focus is on price stability and what further tightening may be needed to achieve our mandate," Logan said. If tighter financial conditions are "persistent that could mitigate some of the need for further increases," Logan said. In her remarks Logan also took stock of the outlook for the Fed's balance sheet contraction policy.

Persons: Lorie Logan, Ann Saphir, Logan, Jerome Powell, Michael S, Sandra Maler, Leslie Adler Organizations: Reserve Bank, Dallas, Kansas City, REUTERS, Federal Reserve Bank, New York University, New, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S, New York

☆ Fed's Logan: Fed has "some time" to see data before deciding next rate move
▼ + stars: | 2023-10-19 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

Federal Reserve Bank of Dallas President Lorie Logan walks to the opening dinner of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsNEW YORK, Oct 19 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said on Thursday recent data and market shifts give the central bank space to deliberate on its next monetary policy move. "We have some time" before having to make the call whether to raise rates again or hold them steady, Logan said at a gathering of the Money Marketeers of New York University. Logan noted that a desirable tightening in financial conditions gives officials some space to watch incoming data, as she noted progress in lowering inflation while still being unsure price pressures are ebbing to the 2% target. Reporting by Michael S. Derby; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Lorie Logan, Ann Saphir, Logan, Michael S, Sandra Maler Organizations: Reserve Bank, Dallas, Kansas City, REUTERS, Federal Reserve Bank, New York University, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S

☆ Fed's Bostic: Lowering inflation still main US central bank mission
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsNEW YORK, Oct 19 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank's mission, although he did not say what that means for monetary policy. Bostic said economic disparities built up over a long period and will not be eliminated quickly. He also said monetary policy is limited in helping reduce these imbalances. "Monetary policy can help create broad conditions conducive to sustaining economic expansions," Bostic said.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Michael S, Richard Chang Organizations: Federal Reserve Bank of Atlanta, REUTERS, New School, Thomson Locations: Dublin, Ireland, U.S, New York

☆ Mo Salah: Liverpool and Egypt star calls for humanitarian aid to be allowed into Gaza ‘immediately’
▼ + stars: | 2023-10-19 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Liverpool and Egypt star Mo Salah has called for humanitarian aid to be allowed into Gaza “immediately” and called on world leaders to help put an end to the fighting. What is clear now is humanitarian aid to Gaza must be allowed immediately. Steve Bardens/Getty ImagesOn Monday, the Egyptian Red Crescent, a charity that provides medical services and humanitarian aid, confirmed that Salah had made a donation to help its relief efforts in Gaza. “Thank you, Mohamed Salah, for his donation to support the people of the Gaza Strip,” the charity wrote on Facebook. Salah and Liverpool face Everton at home in the Merseyside Derby on Saturday.

Persons: Mo Salah, Gaza “, Joe Biden, Abdel Fattah el, Israel, ” Salah, Steve Bardens, Salah, Mohamed Salah Organizations: CNN, Hamas, Health Ministry, Ahli Baptist Hospital, Brighton & Hove Albion, Premier League, Facebook, Champions League, FA, Liverpool, Everton, Merseyside Derby Locations: Liverpool, Egypt, Gaza, Israel, Al, Ahli, Merseyside

☆ Fed on pause as policymakers parse mixed data
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +3 min

"I believe we can wait, watch and see how the economy evolves before making definitive moves on the path of the policy rate," Fed Governor Christopher Waller told the European Economics & Financial Center Seminar in London. It can't continue this way, he said, but it's too soon to know which way the data will break. Should the economy soften, he said, "we can hold the policy rate steady." Speaking at a separate event at Queens College, New York Fed President John Williams offered a similar perspective. Fed policymakers are weighing whether that level is high enough to get inflation on a path to their 2% goal.

Persons: Christopher Waller, it's, John Williams, Waller, Ann Saphir, Michael S, Dan Burns, Jonathan Oatis Organizations: Federal Reserve, European Economics & Financial, Queens College, Queens College , New York Fed, Fed, Derby, Thomson Locations: London, Washington, Queens College ,

☆ Fed's Harker says Fed should not be considering more rate increases
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: 1 min

Philadelphia Federal Reserve President Patrick Harker stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S. August 24, 2023. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsNEW YORK, Oct 16 (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing. "We should not at this point be thinking about any increases" in the Fed's rate target, Harker told a bankers' group after a speech in which he had again reiterated his belief the Fed is done raising rates in an environment where inflation pressures are ebbing. Reporting by Michael S. Derby Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick Harker, Ann Saphir, Harker, Michael S, Chris Reese Organizations: Philadelphia Federal, Kansas City Fed, REUTERS, Federal Reserve Bank of Philadelphia, Thomson Locations: Jackson, Wyoming, U.S

☆ Fed's Harker says high interest rates closing off housing for new buyers
▼ + stars: | 2023-10-16 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

Philadelphia Federal Reserve President Patrick Harker stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S. August 24, 2023. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsNEW YORK, Oct 16 (Reuters) - Philadelphia Federal Reserve President Patrick Harker said on Monday the current level of interest rates has nearly killed off access to the housing market for those looking to get in for the first time. In the text of a speech to the Mortgage Bankers Association's annual convention, Harker said when it comes to housing, based on his interactions in his district, "the climate could be crystallized in seven words, which one of those contacts said to me recently: 'There are no first-time home buyers.'" Harker explained that high interest rates have hit the housing sector by boosting costs and contracting inventory because many people no longer wish to sell, while pushing more prospective buyers into newly built homes. Reporting by Michael S. Derby; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick Harker, Ann Saphir, Harker, Michael S, Paul Simao Organizations: Philadelphia Federal, Kansas City Fed, REUTERS, Mortgage, Thomson Locations: Jackson, Wyoming, U.S

Harper, who also walked, scored twice and knocked in two runs, hit his 10th homer in two postseasons with the Phillies. The Diamondbacks were simply the latest team to unravel under the red storm of 45,396 towel-waving, deliriously-cheering fans at Citizens Bank Park. “Schwarber starting the game off right there was huge for us.”Those runs proved crucial for the Phillies. GOING DEEPSchwarber's fourth leadoff homer in the postseason moved him past Jimmy Rollins and Derek Jeter for most in baseball history. Castellanos' five homers in his last three postseason game — he hit two in consecutive games against Atlanta — made him the second player to hit those marks.

Persons: — Bryce Harper, Kyle Schwarber, Nick Castellanos, Harper, “ I’ve, ”, Zack Wheeler, Wheeler, José Alvarado, Craig Kimbrel, Schwarber, Zac Gallen's, “, ” Harper, “ There’s, —, Castellanos, Travis Kelce, Taylor Swift —, Jason Kelce, Travis, Jason, Trea Turner, Realmuto, “ Gallen, he’s, “ Schwarber, Geraldo Perdomo, Seranthony Domínguez, Alvarado, Emmanuel Rivera, Jimmy Rollins, Derek Jeter, Louis, Kolten Wong, Tampa Bay's Evan Longoria, Willie Aikens, Atlanta —, Reggie Jackson, Merrill Kelly, RHP Aaron Nola, Nola, ” Nola, I’ve Organizations: PHILADELPHIA, Philadelphia Phillies, Arizona Diamondbacks, Phillies, National League, Diamondbacks, Arizona, Brewers, Dodgers, The Diamondbacks, Citizens Bank, Philadelphia, Bros, Chiefs, Eagles, Gallen, NL, St, Kansas, Atlanta, New York Yankees, NEXT Arizona Locations: Arizona, South Jersey, Tampa, Philadelphia

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