Fed to shrink balance sheet begins in October
The Federal Reserve said the U S economy is strong enough to start reducing its 4 5 trillion dollar balance sheet in October, gradually unwinding the massive stimulus. It will cut holdings by 10 billion dollars in October and raise the amount later, with projections of faster growth and continued hiring into 2018. The move aims to normalize policy while keeping rates low, but carries market and economic risks.
MENTIONED IN THIS ARTICLE
Federal Reserve
U.S
Central Bank
Fed
Federal Reserve Board
Janet Yellen
Yellen
Donald Trump
Joseph Gagnon
Gagnon
Peterson Institute For International Economics
United States
Irma Leaves Florida Orange Groves Devastated and Shrinking Supply
Hurricane Irma damaged Florida’s citrus belt with uprooted trees and flooded groves, threatening up to 70 percent losses statewide. The bite of citrus greening, aging demand for juice, and past hurricane years compound the impact on Florida’s orange juice industry, with broader effects on prices and the American diet.
MENTIONED IN THIS ARTICLE
Florida
Shannon Shepp
Florida Department of Citrus
America
Jacqueline Burns
University of Florida Institute of Food and Agriculture Sciences
Charley
Frances
Jeanne
Equifax pressed Congress to curb liability before breach
Equifax lobbied Congress since 2015 to limit damages in data security and breach notification cases and to roll back regulator powers. The company faced a six week delay in notifying the public about a massive breach affecting 143 million people, as CRP data show spending of 1.1 million in year and 500k so far this year. A Georgia bill would align penalties under the Fair Credit Reporting Act with other laws.
MENTIONED IN THIS ARTICLE
Equifax
Congress
Credit Reporting Agency
Center For Responsive Politics
Trump
Consumer Financial Protection Bureau
Georgia
Barry Loudermilk
Also Mentioned on This Page
Washington Post
Reuters
Washington, D.C
Agribusiness
Alice Inc
Lake Patrick Grove
Frostproof
Fla
Department of Agriculture
California
Texas
Florida Citrus Mutual
Alissa Hamilton
Irma
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