Fed Keeps Rates Steady and Foresees No Hikes in 2019
The Federal Reserve held the benchmark rate at 2.25 to 2.5 percent and signaled no rate increases this year amid weaker growth. It will slow runoff from its balance sheet starting in May and end bond portfolio shrinkage in September, with inflation mild and the economy cooling globally. Powell emphasized patience and restraint in pursuing further moves, projecting one hike in 2020 and none in 2021.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
United States
Fed
Central Bank
Jerome Powell
Powell
Treasury
U.S
Disney closes 71B deal acquiring Fox entertainment business
Disney has completed a 71 billion acquisition of Fox’s entertainment unit, bringing The Simpsons Star Wars Cinderella and Dr Strange under one roof. The move boosts Disney Plus and signals thousands of layoffs from staff duplication while strengthening content control and data driven advertising potential.
MENTIONED IN THIS ARTICLE
Disney
Fox
Disney Plus
Fox Studios
Los Angeles
Chris Pizzello
Americans split on Mueller probe with fair view and partisan gaps
The AP NORC poll shows about 60 percent of Americans trust the Mueller inquiry to be fair, with 33 percent very confident, while 37 percent doubt its impartiality. President Trump’s approval sits around 40 percent, with stark party lines: 80 percent of Republicans approve versus 8 percent of Democrats.
MENTIONED IN THIS ARTICLE
Washington
Special Counsel
Donald Trump
Beck Mueller
Titec
Associated Press-Norc Center For Public Affairs Research
Trump
Russia
Justice
Mueller
May seeks EU Brexit delay to June 30 amid impasse
Prime Minister Theresa May asks the European Union to postpone Brexit until June 30, conditional on Parliament approving her withdrawal agreement. EU leaders say any delay hinges on a positive Commons vote as Britain risks a no deal or a longer pause. Tusk signals a short extension possible only with progress.
MENTIONED IN THIS ARTICLE
London
Britain
European Union
Theresa May
U.k’s
May
U.K
House of Commons
European Council
Donald Tusk
Brussels
Tusk
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Ford Motor Company Fite
General Electric
Gentex Corp Gntx
Huntington Banc Hban
Illinois Tool Works Inc
ITW
Johnson Controls JC
MCBC
Macatawa Bank Corp
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MLHR
PRGO
Perrigo Company Pfizer, Inc, Ffe
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Steelcase Inc. Scs
Tennant Company Tnc
WHR
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Amazon
Netflix
FX Networks
National Geographic
Bob Iger
At&t
Comcast
YouTube
Eric Tucker
Hannah Finger
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William Barr
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Robert Mueller
Senate Judiciary Committee
Andrew Harnik
U.k.s May
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Mark Duffy
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