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The Weekly Bottom Line: Fed Lifts Policy Rate to a 16-year High

The Fed followed through with its highly anticipated decision to hike the policy rate by 25 basis points (bps) this week. This lifted the fed funds rate to 5.00-5.25% – the highest level in 16 years – in what has been a historically aggressive hiking cycle (Chart 1). Changes in the FOMC statement hinted at the potential for a pause, so this could very well be the last hike of this cycle. But, stating this explicitly would not serve the Fed well at this point. In the press conference, Chair P...
Federal Reserve Opinion Survey Group Point Chair Powell First Republic Fed Lifts Policy Rate

Ryan Reynolds attends Wrexham Full Council meeting as they are formally given Freedom of the City of Wrexham

Ryan Reynolds appeared virtually at a session of Wrexham’s Full Council, and observed a vote that formally confirmed them as Freemen of Wrexham. The Mayor of Wrexham Cllr Brian Cameron opened the meeting, and introduced the Council Leader Mark Pritchard who gave a long speech extolling the virtues of Wrexham Association Football Club as well […]
United States Cllr Marc Jones Cllr Beverley Parry Jones Cllr Dana Davies Cllr Davida Bithell Cllr Davies

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Reliance takes control of around 200 Future Retail stores, offers jobs to employees

Billionaire Mukesh Ambani's Reliance Industries Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday.
South Korea Samarskaya Oblast Kishore Biyani Retail Ltd Billionaire Mukesh Ambani Reliance Industries Ltd Delhi High Court

Reliance takes control of around 200 Future Retail stores, offers jobs to employees

Billionaire Mukesh Ambani’s Reliance Industries Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday.
South Korea New Delhi Samarskaya Oblast Kishore Biyani Retail Ltd Billionaire Mukesh Ambani Reliance Industries Ltd

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