The Fed's key rate influences many consumer and business loans. The economic expansion appears durable in its 11th year of growth, with a still-solid job market and steady consumer spending. Though Powell avoided directly answering the question, we got the sense the cut was more of the midcycle variety, rather than the "beginning of a lengthy cutting cycle".
If the Houthis were responsible, a Yemeni non-state actor forced the world to focus on the unrelenting Saudi air campaign there. Since becoming Iran's president in 2013, Rouhani has spoken each year at the General Assembly. However, not retaliating to the strikes also carries the risk of leaving Saudi Arabia exposed to continued attacks. Saudi authorities are considering whether to delay the oil giant's initial public offering , people with knowledge of the matter said.
The union sent this letter today to the company to confirm that health care will continue through the end of this month. Negotiations resumed in Detroit on Monday after breaking off during the weekend. Wages for many workers have stagnated, and work is more likely to be temporary and offer poorer access to benefits. She said GM's decision past year to close four plants drew a line in the sand for the union.
The Prime Minister told the Mail On Sunday that the United Kingdom will break out of the European Union's " manacles " in the manner of Bruce Banner, who transforms into the giant green Hulk when angered in the Marvel superhero comics and movies.
Earlier, US Secretary of State Mike Pompeo had also said there was no evidence the attack came from Yemen, where a Saudi-led coalition has been battling the Houthis for over four years in a conflict widely seen as a proxy war between Saudi Arabia and rival Iran .
On Wednesday, Iraq's oil minister, Thamer Ghadhban said that Organization of the Petroleum Exporting Countries (OPEC) would be discussed at the ministerial meeting on September 11, whether to deepen cuts. Also feeding the bearish sentiment, the International Energy Agency said surging US output would make balancing the market "daunting" in 2020. But oil industry insiders are also aware that the entire market can turn on a few tweets from Trump, and the possibility of US rapprochements ...