Fed official says inflation likely to return to 2 percent
Fed Governor Christopher Waller said inflation is cooling toward the 2 percent target as growth and hiring stay solid. He urged patience on rate cuts, noting the economy expands with unemployment around 3.7 percent while inflation slows, and he warned timing depends on data.
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Trump defamation trial attention shifts between courtroom and campaign
In New York, judge Kaplan allows the trial to proceed as jurors are selected while Trump attends a Republican rally. In Des Moines Haley demands Trump participate in the next debate, citing his absence from five prior debates as she eyes New Hampshire and a possible clash with DeSantis. Warren Buffett’s Berkshire Hathaway buys the remaining 20 percent of Pilot Travel Centers from the Haslam family, gaining full ownership after prior stake deals.
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Wall Street slips after holiday with mixed bank results
U S stocks retreat on return from a three day weekend with the S&P 500 down 0 4 percent to 4765 98 the Dow off 0 6 percent to 37361 12 and the Nasdaq -0 2 percent at 14944 35 Spirit Airlines dives 47 percent after a judge blocks its JetBlue takeover while Morgan Stanley falls 4 2 percent on a $535 million earnings hit Goldman Sachs edges higher as 2023 results beat expectations Analysts see 2024 earnings rising about 11 8 percent for S P 500 firms amid rate cut hopes and easing yields
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