The Federal Reserve will likely take a cautious approach as it prepares its final interest rate decision of 2023. Over the course of the year, it is likely that the Fed will remain focused on providing monetary accommodation to support the economy. This could include potentially maintaining its current near-zero federal funds target range and continuing its asset purchases. At the same time, the Fed will assess the performance of the economy and inflation and will likely make changes to its statement if necessary. The Fed will likely keep an eye out for any signs of inflation and will adjust policy accordingly. Overall, the Fed will take steps to ensure that the monetary policy is supportive of economic growth and price stability.
The Consumer Product Safety Commission has announced a recall for more than 300,000 air fryers sold at Walmart, Target and Kohl’s due to a burn hazard. The information was posted on the CPSC’s website on December 11, 2019. The recalled air fryers are provided by Midea America Corp. and were sold at Walmart, Target and […]
Millions of parents and young kids could be denied food aid next year without funding boost, report warns
According to a new report from the Center on Budget and Policy Priorities, millions of parents and children could be denied food aid in 2021 without a significant funding boost from the U.S. government. The report estimates that nearly 4 million households—including an estimated 7 million children—who rely on the Supplemental Nutrition Assistance Program (SNAP) […]
WeWork, the office-sharing company once valued at $47 billion, filed for bankruptcy protection on Thursday. The company, which rents desks and office space to small businesses, startups, and freelancers, lists $7 billion in liabilities, including outstanding debt of $4.6 billion. The filing came after SoftBank, WeWork’s largest investor, pulled its offer of a $3 billion […]