Fed Holds Rate Steady as Inflation Near Target
The Federal Reserve left its benchmark rate at 1.5 to 1.75 percent after a policy meeting and signaled gradual future increases. Officials expect inflation to stay near 2 percent as the economy shows resilience, with some analysts forecasting four hikes in 2018 and continued tightening into 2019. The stock market fell sharply, with the Dow dropping about 174 points amid the policy outlook.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Ayers
Nationwide
Ayers
New York
U.S
Apple
Sweet Crude
NYMX
CME
New York Mercantile Exchange
Chicago Board of Trade
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SEC
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Associated Press
Marijuana testing policy questions for small businesses
A patchwork of state laws plus federal illegality creates confusion for small employers rethinking marijuana drug testing. Regulated or safety sensitive roles require testing. medical marijuana protections vary by state and cases in Connecticut Massachusetts Rhode Island have reintegrated workers. Employers should check workers' comp discounts and consult brokers while monitoring federal stance under Sessions and Trump.
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Kathryn Russo
Melville
N.Y
Federal
Department of Transportation
Connecticut
Massachusetts
Rhode Island
Russo
Arizona
Pennsylvania
Michael Clarkson
Ogletree Deakins
White House
Jeff Sessions
Obama
Trump
U.S
Cory Gardner
R-Corp
Clarkson
Cambridge Analytica to file for insolvency and shut down
The London based firm behind Facebook data privacy controversy says it will begin insolvency proceedings in the UK and seek U S bankruptcy protection after blaming unfair media coverage. Cambridge Analytica notes it cannot continue and suggests ongoing data driven marketing concerns persist despite its closure.
MENTIONED IN THIS ARTICLE
New York
Cambridge Analytica
Facebook
London
U.K
Jeff Chester
Center For Digital Democracy
Washington
Cambridge — Analytica
Chester
Economists warn Trump trade moves echo 1930s risks
More than 1,100 economists including Nobel laureates and former advisers sign a letter organized by the NTU urging against protectionist tariffs. They compare current U S policy to 1930s protection, warn of economic harm, and note trade now weighs heavily in the economy while talks with China unfold.
MENTIONED IN THIS ARTICLE
U.S
Donald Trump
Congress
National Taxpayers Union
Trump
China
Bryan Riley
NTU
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Weathfind
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AMD
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