Page 29 - Sam Sutton News Today

Spending adjusted for inflation dipped 0.4 percent, a potentially worrisome sign about consumers’ ability to keep up with an inflation rate still far above 2 percent.

Powell echoed a point he made in congressional testimony last week: There are worse outcomes than a recession.

This week’s hearings could offer the first glimpse of whether that support is beginning to crack.

The law and lobbying firm Michael Best Strategies has launched a procurement practice spanning its government relations and legal branches.

Powell reiterated that policymakers want to see signs that inflation is flattening before they feel comfortable that they’re making progress toward their goals.

The ​Infant Nutrition Council of America has tapped former Arkansas Sen. Blanche Lincoln and her lobbying firm Lincoln Policy Group to lobby for the trade association in D.C.

The benchmark S&P 500 Stock Index fell on Tuesday for a fifth straight day.

The prospect of that large of a rate increase compounded the S&P 500’s nearly 4 percent drop.

Fed officials have already signaled they’re prepared to raise rates by half a percentage point when they meet this week, and again in July.

Republicans and Democrats on the Senate Banking Committee came together to advance Barr’s nomination in a 17-7 vote.