Fed signals faster rate hikes to curb inflation
Powell told NABE that the Fed could raise the federal funds rate more than a quarter-point at meetings if needed to slow inflation. He warned rates could reach restrictive levels, risking slower growth and higher unemployment, as officials forecast six more hikes this year and four in 2023 amid war pressures and high commodity costs.
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Jerome Powell
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National Association For Business Economics
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Stocks slip after choppy Wall Street session on Powell hints
U S stocks closed modestly lower after a day of whipsaw trading as Powell signaled possible half point rate hikes. The S P 500 fell 1 94 points to 4 461 18 the Dow dropped 201 94 to 34 552 99 and the Nasdaq slid 55 38 to 13 838 46. Energy firms led gains while retailers and tech names dragged.
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Federal Reserve
Jerome Powell
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Biden warns of potential cyberattacks faces Russia threats
President Joe Biden urges U S companies to lock digital doors amid evolving intelligence that Russia may launch cyberattacks on critical infrastructure as Ukraine conflict continues. Anne Neuberger warns many entities ignore fixes for known software vulnerabilities. Government warns since before invasion. Shields Up campaign urges data backups and multifactor authentication amid rising preparatory activity by state hackers.
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Joe Biden
U.S
Russia
Ukraine
Biden
Anne Neuberger
White House
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Cybersecurity and Infrastructure Security Agency
Missouri GOP Senate candidate accused of abuse by ex-wife
In a sworn affidavit part of a Missouri child custody case, Sheena Greitens alleges that ex governor Eric Greitens displayed unstable coercive behavior and physical violence, including harming their children and threatening to use political connections. He calls the accusations baseless and seeks to shield the filing from public view as he pursues the Senate nomination.
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Missouri
GOP
Senate
Columbia
Eric Greitens
Sheena Greitens
University of Texas
Austin
Eric
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