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Fed seen remaining patient with rate guidance amid global turmoil

Business News - 12 min ago

The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Fed's first two-day policy meeting of the year concludes on Wednesday, and policymakers will likely restate their "patient" approach to raising rates, while also voicing faith that the economy will continue improving. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by mid-year, with a strengthening dollar and falling oil prices adding to worries that inflation readings remain too low for the Fed to begin hiking. "The Fed will follow through and normalize rates later this year...Our thinking is June.


Fed seen remaining patient with rate guidance amid global turmoil

National News - 12 min ago

The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Fed's first two-day policy meeting of the year concludes on Wednesday, and policymakers will likely restate their "patient" approach to raising rates, while also voicing faith that the economy will continue improving. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by mid-year, with a strengthening dollar and falling oil prices adding to worries that inflation readings remain too low for the Fed to begin hiking. "The Fed will follow through and normalize rates later this year...Our thinking is June.


Categories: National News

In Russia, crisis deepens slide in living standards for pensioners

Business News - 18 min 14 sec ago

By Elizabeth Piper MOSCOW (Reuters) - For Boris Lisitsyn, Russia's financial crisis means less meat, cheese and sausage - hardships the 86-year-old says won't kill him anytime soon. Russia's pensioners were once seen as "people we just needed to support" one government official said. Their loyalty is now being tested by a financial crisis triggered by low oil prices and Western sanctions imposed on Russia over Ukraine.


Mother makes emotional appeal to Japanese prime minister to save son as death threat looms

National News - 26 min 14 sec ago

The mother of a Japanese hostage held by Islamic State extremists appealed publicly Wednesday to Japan's leader to save her son after his captors issued what they said was a final death threat. Junko Ishido, mother of journalist Kenji Goto, read to reporters her plea to Prime Minister Shinzo Abe to "Please save Kenji," which she said she had sent earlier in the day. The effort to free Goto and Jordanian pilot Lt. Mu'ath al-Kaseasbeh gained urgency with the release of an apparent ultimatum late Tuesday from the Islamic State group. In the message, the extremists say the two hostages will be killed within 24 hours — late Wednesday night Japan time — unless Jordan frees Sajida al-Rishawi, an Iraqi woman sentenced to death in Jordan for her involvement in a 2005 terrorist attack on a hotel that killed 60 people.


Categories: National News

Israeli group: Most of the dead in 70 Gaza home strikes were women, children and the elderly

National News - 32 min 7 sec ago
A majority of Palestinians killed in dozens of Israeli attacks on Gaza homes in the 2014 war with Hamas were women, minors or the elderly, and some of the strikes violated the rules of war, an Israeli rights group said Wednesday. The B'Tselem group called strikes on homes "one of the appalling hallmarks of the fighting" and said they were part of a policy approved at the top levels of Israeli power. Israeli government officials referred requests for comment to the Israeli military, which had no immediate response. Israel fought the war to halt rocket fire from Gaza.
Categories: National News

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