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Federal Reserve chairman Jerome Powell today acknowledged that the economy has grown more turbulent in the three weeks since the Fed cut rates for the first time in a decade. However, he stopped short of giving any indication about what might be coming at the next rate-setting meeting in September.  “We are carefully watching developments […]

The Hong Kong Confederation of Trade Unions, a major local labor organization, called on Cathay Pacific (CPCAY) on Friday to “respect the freedom of speech of employees.” The remarks followed the firing of one of its affiliate union’s leaders, a flight attendant for the airline’s regional subsidiary Cathay Dragon. The flight attendant, Rebecca Sy, spoke […]

“We are carefully watching developments as we assess their implications for the US outlook and the path of monetary policy,” Powell said according to prepared remarks released ahead of an address at an annual economic symposium in Jackson Hole, Wyoming. He reinforced his pledge that policymakers will continue to take “appropriate” steps to support the […]

“We are carefully watching developments as we assess their implications for the US outlook and the path of monetary policy,” Powell said according to prepared remarks released ahead of an address at an annual economic symposium in Jackson Hole, Wyoming. He reinforced his pledge that policymakers will continue to take “appropriate” steps to support the […]

“This is a deterrent, because they know that instead of rushing the border, which is what’s been going on for a number of years now, by using the massive numbers coming to the border and overwhelming our facilities and our capacity to hold folks and our court rulings, which is what the Flores rule was, […]