Adam Schiff Robbed In San Francisco
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San Francisco is bidding to host the Sundance Film Festival. That's a terrible idea.
The Sundance Film Festival takes place in Park City, Utah, a ski town with a population of 8,374 located about an hour east of Salt Lake City. Arguably the most important film festival in the country, it’s hard to get to, incredibly expensive to attend, and the icy locale means that attendees end up watching at least one movie wearing soaking wet socks. I know because I went this year, a fact that I casually drop into conversation whenever possible. Park City has been home to Sundance since...
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US Federal Reserve holds interest rates steady as inflation ticks up
Fed announces it will keep interest rates at 5.25% to 5.5% as rate of inflation remains above target of 2%The Federal Reserve announced on Wednesday that it is holding interest rates steady at 5.25% to 5.5%, their highest level in two decades, as inflation continues to dog the US economy.Though some had hoped the Fed would soon cut interest rates, which are at their highest level since 2007, the annual rate of inflation has stubbornly remained above 3%. The Fed’s target rate is 2%. Continue...
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With mixed economic signals, the Federal Reserve is likely to stand pat on rates
The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.