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Sep 20 2023
News
Fed pauses rate hikes for second time this year, but hints at another increase
The Federal Reserve on Wednesday held interest rates steady for the second time this year, pausing its tightening campaign to assess how the economy is faring in the face of higher borrowing costs.
The widely expected decision left interest rates unchanged at a range of 5.25% to 5.5%, the highest level since 2001. But policymakers also left the door open to an additional increase
Fox Business
Sep 18 2023
News
Person of interest detained in ambush killing of newly engaged LA sheriff’s deputy
A person of interest has been detained in the suspected ambush killing of a newly-engaged Los Angeles County sheriff’s deputy in his patrol car, officials said Monday. The sheriff’s office announced the update in the death of Ryan Clinkunbroomer, but no information was immediately available on the person of interest or the circumstances. The sheriff’s office said in an early-morning post on X
New York Post (News)
Sep 18 2023
News
Person of interest detained in shooting death of 'ambushed' sheriff's deputy in patrol car
A person of interest has been detained in connection with the ambush killing of a Los Angeles County Sheriff’s Office deputy, officials announced. Deputy Ryan Clinkunbroomer, 30, was shot while sitting in his patrol car in Palmdale, California, on Saturday evening, the Los Angeles County Sheriff’s Department said in a press announcement on Sunday. The LASD denied reports to Law&Crime that
Law & Crime
Oct 03 2023
News
Rep. Henry Cuellar's carjacking highlights rising crime rate in nation's capital
Democratic Rep. Henry Cuellar, of Texas, was carjacked by three armed attackers outside his apartment building Monday night —a disturbing episode that put a spotlight on the rising crime rates in the nation's capital, in defiance of national trends. Cuellar said he was swarmed by three assailants wearing masks and black clothing and carjacked at gunpoint in the Navy Yard neighborhood of
CBS News (Online)
Sep 18 2023
News
Los Angeles County sheriff's deputy ambush homicide: Person of interest detained
Los Angeles County Sheriff's Department Deputy Ryan Clinkunbroomer was killed in an ambush shooting outside the Palmdale sheriff's station on Saturday. An unidentified person of interest in the homicide case has been detained, the department confirmed at about 6:15 a.m. Monday. A department news conference is scheduled for 10:30 a.m. The sheriff's department said Deputy Clinkunbroomer had just
CBS News (Online)
Jun 16 2022
News
Who are the winners and losers of the Fed hiking interest rates?
The Federal Reserve has hiked its benchmark interest rate by 0.75%.
But what does that actually mean for hundreds of millions of Americans – Americans who have jobs, who buy things, who have bank accounts?
In short, interest rates are the Federal Reserve's main tool to combat inflation. Inflation is driven by strong consumer demand. By raising interest rates, which makes things
NPR (Online News)
Sep 21 2023
News
Romeoville murders: What we know after suspect, person of interest dead in Oklahoma
ROMEOVILLE, Ill. — New details have emerged about the 31-year-old man suspected of killing four family members in Romeoville. Nathaniel Huey Jr., of Streamwood, was suspected in the deaths of 38-year-old Alberto Rolon, 32-year-old Zoraida Bartolomei and their two sons, ages 7 and 9. A female with a relationship to Huey was also identified as a person of interest in connection to the shootings
WGN
Mar 07 2023
News
Fed may need more aggressive interest rate hikes, Powell says
Cooling in the economy appears to have “partly reversed” based on recent data on jobs, consumer spending, production and inflation, Federal Reserve Chair Jerome H. Powell told Congress on Tuesday, suggesting the central bank could keep raising interest rates more aggressively than expected just a few months ago.
“The latest economic data have come in stronger than expected, which
Washington Post
Sep 21 2023
News
Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy
Japan's central bank maintained its ultra-loose policy and left rates unchanged on Friday, mindful of the "extremely high uncertainties" on the growth outlook domestically and globally. In a policy statement after its September policy meeting, the Bank of Japan said it would maintain short-term interest rates at -0.1%, and cap the 10-year Japanese government bond yield around zero. At the last
CNBC
Sep 19 2023
News
Arkansas unemployment rate up to 2.7% in August
LITTLE ROCK, Ark. – Data from the U.S. Department of Labor Bureau of Labor Statistics shows that the unemployment rate in Arkansas has slightly increased. Agency officials said the state’s unemployment rate jumped one-tenth of a percentage point from 2.6% to 2.7% in August. Data shows that the state’s civilian labor force increased by 2,556, resulting in 895 more unemployed state residents.
KNWA