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first_imgThere 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 –last_img read more

first_img Tweet Share Jefferson Casey presents a polo shirt to Mr. Nicholas Bruno, Vice president of the Dominica cricket umpires association. In between from left to right are Mr. Reginald Seaman, Ms. Shirley Mark and Mr. Billy Doctrove.Some teams are not always battling it out on the field. Some are in the outfield ensuring that the game goes smoothly and fairly. The Dominica Cricket Umpires Association have been doing just that for the last 50 years. Now they will have uniforms donated by Jollys Pharmacy Ltd to help them look and feel great while they officiate matches nationwide.The cricket league in Dominica starts in February and ends around July to avoid the rainy season. The Association is called upon to umpire a myriad of cricket matches around the island throughout the year. Their membership is island wide and ranges in ages between 29 to 80 years.Mr. Nicholas Eddie Bruno, Vice President of the association was very grateful to Jollys’ Pharmacy for the polo shirts. He said the support of the business community is very integral to the growth of cricket on the island. The donation shows that Jollys pharmacy is committed to health and wellness through exercise. He went on to say that the association just registered 6 new members, 5 of which will be sitting the West Indies Cricket umpires’ written exams soon.His comments were mirrored by Mr.Jefferson Casey, Marketing manager of Jollys Pharmacy. He said, “We are always looking for avenues to promote preventative care. Cricket is one sport through which many people can get exercise. We also like that it’s one of many sports where families can attend and enjoy together, something that happens too rarely these days.”Also at the presentation were Ms. Shirley Mark (Treasurer), Mr. Billy Doctrove (member) and Mr. Reginald Seaman (member) of the association.Press Release Share Sharing is caring!center_img Share LocalNewsSports Jollys Pharmacy presents polo shirts to Umpires Association by: – June 27, 2012 637 Views   no discussionslast_img read more

first_imgMessi’s teammates have rallied around their superstar captain after his spot-kick was saved in the 1-1 draw against minnows Iceland on Saturday.Messi is bearing the weight of expectations as Argentina seek a first World Cup trophy since 1986, desperate to crown his glittering career with a major international tournament success.However so far in Russia, Messi has been overshadowed by Ronaldo, who took his tournament goal tally to four on Tuesday with the winner in Portugal’s 1-0 defeat of Morocco, which condemned the Africans to an early exit.A defeat against the Luka Modric-led Croatians in Nizhny Novgorod could see Argentina, unthinkably, flirting with a first group stage exit since 2002.“We are all with him, he knows that he can count on the support of all of us more than ever,” said Argentina striker Paulo Dybala of Messi.“We are here to help him every moment, and of course we will be at his side,” Dybala added.– Croatia under a cloud –France’s forwards Olivier Giroud (L) and Antoine Griezmann take part in a training session in Ekaterinburg on June 20, on the eve of their Russia 2018 World Cup Group C match against Peru © AFP / Anne-Christine POUJOULATCroatia secured three points in their 2-0 win against Nigeria in their opening game but enter the match under a cloud.AC Milan striker Nikola Kalinic was sent home from Russia for reportedly refusing to come on as a substitute, though coach Zlatko Dalic claimed the AC Milan man had a back injury.Fancied France could only edge past Australia 2-1 courtesy of an Antoine Griezmann penalty and an own goal in their Group C opener but have vowed to ramp up the intensity against Peru in Yekaterinburg.“We took stock of what was done well or not so well and all agree that we will have to increase our physical intensity and improve our attitude in general,” said France vice-captain and central defender Raphael Varane.“Other teams (among the favourites) did not win or even lost. We won, but we know that there are things to improve on. We know what direction we need to go in.”The defeat to France mean the Socceroos are targeting a win against Denmark in Samara on Thursday to have a realistic chance of qualifying from the group stages.Denmark’s Christian Eriksen (L) and Andreas Christensen attend a training session in Vityazevo on June 18, during the Russia 2018 World Cup football tournament © AFP/File / Jonathan NACKSTRANDCaptain Mile Jedinak, who scored from the penalty spot against France, says improving on a disciplined performance and not obsessing over great Dane Christian Eriksen will be key against Denmark, who squeezed past Peru 1-0 in their opening match.“We know (Eriksen) is a fantastic player and obviously he’s got a huge role to play for them,” said Jedinak.“But we’re not trying to focus on that. We’ll definitely focus on them as whole and as a collective.”Wednesday’s other matches saw Spain edge past Iran 1-0 thanks to Diego Costa’s fortunate third goal in two matches which put them level at the top Group B with PortugalIran, who had a precious second-half equaliser ruled out for offside by VAR, lie just a point behind the Iberian pair and can still guarantee qualification for the knockout stages for the first time by beating Portugal on Monday.Uruguay knocked out Saudi Arabia Wednesday with a 1-0 win which confirmed the South Americans and hosts Russia as qualifiers from Group A with a game to spare.The result means an early exit for Mohammed Salah’s Egypt who will be heading to Volgograd airport along with the Saudis for a plane home after their clash in the historic city formerly known as Stalingrad on Monday.0Shares0000(Visited 2 times, 1 visits today) 0Shares0000Argentina’s Lionel Messi (L) and his teammates take part in a training session in Bronnitsy, near Moscow, on June 20, on the eve of their Russia 2018 World Cup Group D match against Croatia © AFP / JUAN MABROMATAVOLGOGRAD, Russian Federation, Jun 21 – Lionel Messi is under increased pressure to redeem himself when Argentina face Croatia in Thursday’s pivotal match after eternal rival Cristiano Ronaldo scored his fourth goal of the World Cup to send Morocco packing.France will be looking for a second World Cup Group C win against Peru Thursday while Australia need to bounce back from their heart-breaking defeat to Les Bleus against Denmark.last_img read more