There were few language changes in the post-meeting statement from the Federal Open Market Committee, though the panel did note that the economy continues to struggle.“Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year,” the statement said.The language is a slight downgrade from the September statement that noted economic activity had “picked up in recent months.”- Advertisement – The committee also adjusted its view on financial conditions, saying Thursday they “remain accommodative,” as opposed to September’s assessment that conditions “have improved.”In the third quarter, U.S. gross domestic product posted its fastest increase ever, rising at a 33.1% annualized pace after contracting 31.4% in the previous period. The economy has recovered 11.4 million of the 22 million jobs lost in March and April, but payroll growth has slowed in recent months and is expected to decelerate to 530,000 in October.However, Congress and the White House remained locked in negotiations to provide more fiscal help. The election results, if they hold as many market participants expect, likely mean spending on the low side of what has been bandied about through various proposals.The Fed’s decision was unanimous at this meeting, though that wasn’t the case in September, when two members objected to a new approach to inflation that would see the FOMC hold off on rate hikes until inflation was comfortably above the 2% target.The statement made no changes to the new approach to “flexible average inflation targeting,” an effort by the Fed to reach a mandate it has fallen short of for most of the past dozen years. A key element of the new approach is a pledge not to hike rates even if unemployment falls sharply, which in the past had been taken as a key sign that inflation would be rising.Previous Feds has used preemptive hikes to stave off price pressures, but that won’t happen under the new regime. The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but not near where it was before the coronavirus pandemic hit.As markets widely expected, the Fed kept its benchmark interest rate anchored in a range between 0%-0.25%, where it has been since an emergency cut seven months ago in the early days of the coronavirus pandemic.- Advertisement – – Advertisement – Markets reacted little to the news, with stocks continuing their rally while the dollar was lower.The Fed’s decision to hold steady comes amid concerns over the direction of the economy as Covid-19 cases accelerate and public officials contemplate restrictions on activities that could hamper growth. As it has done multiple times before, the Fed emphasized that the growth trajectory is largely dependent on the path of the coronavirus.The Fed has sought to use accommodative policy to stimulate growth, though officials have warned in recent months that more needs to be done on the fiscal side.- Advertisement –
BHS Swim Results at Milan. (12-15)Girls Results. BHS 140, Milan 95, OA 71.Batesville is 18-2 on the season (4-0 EIAC), 14-2 non-conference).Boys Results. Milan 114, OA 88, BHS 50.Batesville is 4-11-1 on the season.Bulldogs Event Winners. (G) Emily Gutzwiller (200 free/100 free), Mary Poltrack (100 fly/500 free), Audra Brewer (100 breast), Allison Storms (200 IM). JV Event Winners: Charlee Wilhelm (50 free), Sarah Poltrack (100 free).Courtesy of Bulldogs Coach T. J. Greene.
Betfred extends Super League title sponsorship May 23, 2019 StumbleUpon Submit Betfred deepens commitment to rugby with Women’s Super League August 16, 2019 Share Related Articles Share Betfred extends Rugby League’s Championship and League 1 sponsorship August 30, 2019 The UK rugby league season is heading towards an exciting conclusion and mobile engagement specialists InCrowd and the Ruby Football League are upping the ante for one fortunate fan.The upcoming Rugby schedule is packed, with fans looking forward to the Betfred Super League semi-finals, Grand Final, Million Pound Game, League 1 semi-finals/finals, the Steve Prescott Man of Steel awards and a host of international fixtures.One fan who will be paying even more attention to the Betfred Super League semi-finals than usual is Wigan Warriors supporting Ian Darbyshire. He has been an OurLeague member since its launch in October 2017 and a regular player of the OurLeague predictor, which has been lauded for the ways it’s elevated fan engagement in the sport.Darbyshire’s recent streak of 22 correct predictions, dating back to 17th August, makes him the best performing predictor player of the season. In fact, he is one of only five out of 30,000 players to reach a streak of 20 or above. His impressive feat has already won him the September leaderboard prize of four hospitality tickets to the Betfred Super League Grand Final, in which he could see his side, Wigan Warriors, compete for the trophy if they make it past the semi-finals on 5 October.Nichola Spencer, Membership Manager at the Rugby Football League,commented: “Since its launch at the end of 2017, membership of OurLeague has increased massively and now has nearly 70,000 registrations. The OurLeague Predictor is a fantastic way for fans to engage with each game and win incredible prizes. We’d like to wish Ian the best of luck in his predictions tonight and tomorrow.”There is, however, a more significant personal prize within Ian’s reach; his active streak of 22 leaves him just 3 correct predictions away from winning OurLeague’s £20,000 Predictor jackpot prize.In order to win the £20,000, he must correctly predict the outcome of St. Helens vs Warrington Wolves and Wigan Warriors vs Castleford Tigers, along with the first try scorer of the latter game. OurLeague is the Rugby Football League’s membership platform powered by FanScore and developed in partnership with InCrowd. The platform provides exclusive content, live streaming, a host of member benefits and engaging interactive touch points for rugby league fans including polls, live Man of the Match voting and the season long predictor competition.
AutoMobile International Terminal, a joint venture of SAAM Puertos and Terminal Zárate, part of Argentinean group Murchison, has signed a Memorandum of Understanding with the Alabama State Port Authority (ASPA) to develop a Ro-Ro terminal at the Port of Mobile.This deal represents the first step in the process of sealing the USD 60 million agreement to develop a RoRO terminal in the only deepwater port in Alabama.James K. Lyons, Director and CEO of ASPA, said that the agreement represents a key step in diversifying the Alabama State Port Authority’s businesses while providing a strategic asset for automotive terminals and shipowners.“The project will allow the Murchison Group and Terminal Zárate to continue expanding into new markets and diversifying their business matrix by partnering with SAAM,” Roberto Murchison, Chairman of Terminal Zárate, said commenting on the MoU.The bids for terminal operator were launched in 2016 in order to meet the growing demand in the region for importing/exporting automobiles manufactured in the United States and the Gulf of Mexico.The terminal will have a capacity for up to 210,000 vehicles per year, according to Chilean terminal operator SAAM Puertos. The facilities will be located on a 23-hectare lot and a wharf with a draft of 12.2 meters, and are well connected to local railroads and highways.It would replace the current model of car exports in the region where the cars are loaded onto ships at ports in other states.Image Courtesy: SAAM Ports