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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 19, 2024
Page
8
U S crude oil rose 0.7 percent while wholesale gasoline was little changed and heating oil edged higher. Natural gas climbed 2 percent as gold and silver prices fell slightly.
Federal Reserve Chair Jerome Powell compares policy stance to cautious travel in fog as inflation remains elevated. The Fed now plans slower rate reductions next year than previously projected, with commodities figures adjusted to reflect current contracts. Source: Associated Press.
U.S. stocks fell, marking the second-worst loss of the year as the Federal Reserve signaled fewer anticipated rate cuts in 2025. The S&P 500 declined about 2.9 percent on Wednesday, widening the pullback from its record high and underscoring investor concern over policy trajectory.
The Dow fell more than 1,100 points and the Nasdaq declined 3.6 percent amid weaker market sentiment. Fed projections indicate only two interest rate cuts planned for next year. HEI stock closed at 75.90 with a 237.24 close showing an 8.7 percent drop, while the aircraft parts and electronics maker posted fourth quarter revenue below Wall Street forecasts.
Casarona notes the nonprofit Mirror will add four peer coaches to its Homefulness Homelessness Response Team outreach, expanding connections to treatment and housing. He, a former client, emphasizes peer mentors build trust, share lived experience, and guide clients to housing, recovery, and community resources across detox, inpatient, and outpatient options.
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