During a news briefing, he was asked if he would resign if Trump demanded it, and Powell simply replied "no."
Railroads ask federal courts to order FRA to take action on waylaid safety waivers
BNSF Railway, CSX, and Union Pacific filed lawsuits against the Federal Railroad Administration today for its failure to act on a half dozen safety waiver requests that in some cases would allow railroads to scale back visual inspections in areas where they have deployed new high-tech train and track inspection systems. The post Railroads ask federal courts to order FRA to take action on waylaid safety waivers appeared first on FreightWaves.
Gold Heads for Weekly Drop as Traders Weigh Trump, Fed Outlook
(Bloomberg) -- Gold fell at the end of a volatile week’s trading, as investors assessed the path ahead for US rates and the implications of Donald Trump’s election victory.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationBullion fell by as much as 1% Friday, on track for its bigg
Inflation expectations fall to lowest level since December 2020
Inflation expectations have fallen throughout 2024 as annual gains in prices have continued to decline.
Wall Street Fed Watchers Dial Back 2025 Rate-Cut Expectations
(Bloomberg) -- Economists and strategists across Wall Street have dialed back their expectations for US interest-rate cuts next year based on this week’s presidential election of Donald Trump and comments by Federal Reserve boss Jerome Powell.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion,
US regulator, financial industry monitoring impact of Hurricane Milton on investors, capital markets
The Securities and Exchange Commission and a top financial industry group said they were closely monitoring the impact of Hurricane Milton on investors and capital markets. The SEC said in a statement on Wednesday it would consider possible relief from regulatory requirements for those affected by the storm. The Securities Industry and Financial Markets Association (SIFMA) said in a separate statement it was confident its member firms in Florida were prepared for the storm.
What Goes Down Must Go Up': Real Estate Star Ryan Serhant Sees Market Rebound After 2024 Election
Real estate broker Ryan Serhant predicts a housing market upturn following the presidential election. During an appearance on Fox Business last week, Serhant described a market in waiting. “Inventory is up. Interest rates are at 20-month lows, but buyers are still sitting on the sidelines,” he told the Fox Business host. “No one wants to catch a falling knife, but also no one wants to jump into a speeding car.” Don't Miss: Beating the market through ethical real estate investing' — this platform