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Fed's Dudley says he still favours another rate hike in 2017

(Source: www.businesstimes.com.sg)

Federal Reserve Bank of New York President William Dudley said it isn’t unreasonable to expect the central bank to announce plans in September to start trimming its balance sheet and said he supports another interest-rate increase this year if the economy evolves as he expects. 759 more words

Money Matters

The Fed isn’t going to raise interest rates again until Christmas — at the earliest

(Source: www.businessinsider.com)

Think of it as a really, really gradual pace.

Federal Reserve officials appear to be warming up to the notion that a decline in inflation away from the central bank’s 2% target might turn out to be more entrenched rather than “transitory,” as policymakers first predicted. 453 more words

Money Matters

Feds Bust Major 'Dark Web' Marketplace For Illegal Drugs

SAN FRANCISCO (CBS SF) — The Justice Department Thursday announced the seizure of the largest criminal marketplace on the internet, AlphaBay, which operated for over two years on the dark web and was used to sell among other items deadly illegal drugs including fentanyl and heroin throughout the world. 718 more words