$138 million fortune hangs in the balance as the Huber Heights jackpot remains unclaimed
HUBER HEIGHTS, OH — A $138 million Powerball jackpot from the July 3, 2024, drawing is still waiting to be claimed, and the winner faces a December 30 deadline to step forward.…
Saudi king Salman says kingdom seeks stability and balance in oil markets
RIYADH (Reuters) – Saudi King Salman said on Sunday the kingdom was working hard to support stability and balance in oil markets, including by establishing and maintaining the agreement of the OPEC+…
ECB could start shrinking balance sheet once rates hit neutral, Knot says
WASHINGTON (Reuters) – The European Central Bank should consider starting to shrink its oversized stock of assets once interest rates rise to a level that neither stimulates nor slows economic growth, Dutch…
ECB may need 75 bps rates hikes in Oct, Dec before balance sheet cut, Vasle says
By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should raise interest rates by 75 basis points at both of its upcoming meetings this year, then needs to discuss shrinking its…
ECB’s Villeroy lays out plan for shrinking balance sheet
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, first by getting banks to repay their loans and then…
Fed needs ways to adjust its balance sheet faster, says Daly
(Reuters) – The U.S. central bank needs to learn to be more nimble with its massive balance sheet, San Francisco Federal Reserve Bank President Mary Daly said on Thursday, citing lessons learned…
ECB should focus on rate policy over balance sheet cut, Centeno says
FRANKFURT (Reuters) – The European Central Bank should focus on interest rate policy over balance sheet operations as its deposit rate is still far from the so-called neutral rate, the bank’s intermediate…
UBS to eliminate account balance fees from Oct 1 after SNB hike
ZURICH (Reuters) – UBS Group will eliminate from Oct. 1 the fee it charged on accounts by private and corporate clients to offset negative interest rates after the Swiss National Bank raised…
EU cautious on Hungary’s ‘charm offensive’ as billions of funds hang in balance -sources
By Gabriela Baczynska BRUSSELS (Reuters) – The European Commission wants to see more action from Hungary on stepping up anti-corruption safeguards before Brussels agrees to unlock EU funds, EU sources said. One…
Fed’s Williams sees no early end to balance sheet runoff
(Reuters) – The head of the New York Federal Reserve on Tuesday brushed aside concerns that the central bank may once again have to call an early end to reductions of its…
Brazil posts $5.4 billion trade surplus in July, lower than expected
BRASILIA – Brazil posted a lower than expected trade surplus of $5.444 billion in July, official data showed on Monday, with growth in imports again strongly outpacing that of exports. The figure…
Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings
By Lewis Krauskopf NEW YORK – Results from the four largest U.S. companies by market value highlight a busy week of corporate earnings and could help determine whether the stock market can…
Brother of Baltimore Business Owner Admits to Falsely Claiming His Brother’s Bank Balance and Activity as His Own in Order to Obtain a Federal Housing Administration Loan
Baltimore, Maryland – Calvin Abramowitz, age 48, of Lakewood, New Jersey, pleaded guilty today to bank fraud. As part of his guilty plea, Abramowitz has been ordered to pay $209,036. The guilty…
Fed staff say balance sheet runoff could strain Treasury market
By Howard Schneider WASHINGTON – Two new analyses from Federal Reserve staff have concluded that strains in the U.S. Treasury market could complicate the central bank’s plans to reduce its balance sheet…
RECOVERY CENTERS OF AMERICA AT ST. CHARLES AND SOUTH ELGIN ANNOUNCE TWO NEW SPECIALIZED TREATMENT PROGRAMS, “DISCOVER” AND “BALANCE” DURING MAY MENTAL HEALTH AWARENESS MONTH
“Many young adults are suffering in silence now. They need SUD treatment but also suffer from mental health conditions.” Tweet this An analysis of government data has revealed that the number one…
Market volatility, balance sheet surprises raise risk of bumpy Fed pivot
By Howard Schneider (Reuters) – The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts to fight…
Analysis-Aggressive Fed balance sheet runoff could jolt flattened yield curve
By Karen Brettell and Davide Barbuscia (Reuters) – Investors are gauging whether comparatively quick balance sheet reduction by the Federal Reserve could perk up the flattening Treasury yield curve, which has been…
Minutes of Fed’s March meeting seen detailing a speedy balance sheet rundown
By Howard Schneider WASHINGTON – U.S. Federal Reserve officials on Wednesday will release more details on what’s evolving as a three-year plan to trim several trillion dollars from the stash of assets…
K.C. Fed’s George: Balance sheet debate needs to account for bond inversion risk
(Reuters) – The brief inversion of the U.S. bond yield curve on Tuesday is a cautionary sign for the Federal Reserve that may need to be factored into coming debates on management…
Brazil trade balance posts biggest February surplus in five years
BRASILIA – Brazil posted a $4 billion trade surplus in February, the strongest performance for the month since 2017, official data showed on Thursday, amid higher volumes and prices of exported goods.…
Fed’s Daly: balance sheet reduction should be gradual, predictable
– The Federal Reserve should reduce its balance sheet earlier in the policy tightening cycle and more rapidly than the last time it did so, San Francisco Federal Reserve Bank President Mary…
LNG market supply-demand balance to remain tight in 2022, says Shell
By Marwa Rashad and Ron Bousso LONDON -The global liquefied natural gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas…
What could drive the Fed to a ‘Plan B’ for balance sheet reduction
By Jonnelle Marte and Howard Schneider – Amid a strong U.S. housing market, low interest rates and unnervingly high inflation, the Federal Reserve has been adding to its bond portfolio even to…
Analysis-Central bank balance of power shift raises policy error risk
By Balazs Koranyi and William Schomberg FRANKFURT/LONDON – In just a few short weeks, the balance of power at the world’s top central banks has shifted to conservatives, heralding the biggest wave…
Fed’s George: aggressive balance sheet reduction may allow for fewer rate hikes
By Jonnelle Marte -The Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the U.S. central bank’s portfolio could allow it…
Explainer-The Fed is planning to cut its balance sheet. Here’s what we know
By Jonnelle Marte – The Federal Reserve is beginning to lay out the specifics of how it plans to cull the bond holdings amassed to bolster the U.S. economy during the pandemic,…
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