Fed's Daly says rate cuts needed to keep labor market healthy

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Labor Market,The Federal Reserve

The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San ...

The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fed President Mary Daly said on Wednesday. "As inflation falls, we've got a real rate of interest that's rising into a slowing economy; that's a basic recipe for over-tightening," Daly told Reuters in an interview.

WINDER, Ga. — A 14-year-old student opened fire at a Georgia high school and killed four people on Wednesday, authorities said, sending students scrambling for shelter in their classrooms — and eventually to the football stadium — as officers swarmed the campus and parents raced to find out if their children were safe.Jalen Hurts and Jordan Love depicted on 108-foot-high mural in Sao Paulo

SAO PAULO — Quarterbacks Jalen Hurts and Jordan Love are hard to miss in the Brazilian metropolis of Sao Paulo, with their faces gazing skyward as part of a 108-foot-high mural on the side of a downtown building.The major indexes are all around key levels. Tesla rebounded but Nvidia stock couldn't stop the bleeding. Palantir and Costco are among stocks finding 21-day support near buy points.

Two students and two teachers were killed in a shooting at Apalachee High School in Winder, Georgia, on Wednesday morning, according to the Georgia Bureau of Investigation. Another nine victims -- eight students and one teacher -- were taken to hospitals with injuries, the GBI said. The suspect -- 14-year-old Colt Gray, a student at Apalachee High School -- was encountered by officers within minutes, and he immediately surrendered and was taken into custody, the GBI said.

 

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