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A $204 million mansion is Dubai’s most expensive house for sale
A mansion evocative of Versailles is for sale in Dubai for Dh750 million ($204 million), making it the most expensive house on the market in a city where luxury property is red-hot. The home in the Emirates Hills neighborhood has 60,000 square feet of indoor space though only five bedrooms: At 4,000 square feet, the primary bedroom is bigger than most homes. The ground floor has rooms for dining and entertaining. Other amenities include a 15-car garage, indoor and outdoor pools, two domes, a 70,000-liter (15,400-gallon) coral reef aquarium, a power substation and panic rooms. It sits on a 70,000-square-foot lot in a ... (full story)
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In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 13–14, 2023, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2023 to 2025 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. "Appropriate monetary policy" is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability. post at 2:01pm: Fed Officials See 3.2% Inflation at End of 2023, 2.5% End of 2024 Fed Officials See 3.9% Core Inflation at End of 2023, 2.6% End of 2024 Fed Officials See U.S. GDP at 1.0% in 2023, 1.1% in 2024 post at 2:02pm: Most Fed Officials See Rate Cuts in 2024 post at 2:03pm: FED MEDIAN RATE FORECASTS RISE TO 5.6% END-* 23, 4.6% END-* 24. post at 2:10pm: 2023 dots, May vs June. What shocked the market is the increase from 5.1% to 5.6%. Fed signals 2 more rate hikes https://t.co/0iVjBwMHPF
Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent. Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Com post at 2:00pm: Fed Leaves Rates Unchanged @ 5.25% Est. 5.25% post at 2:00pm: FOMC STATEMENT COMPARE https://t.co/p8oyLSSAgm post at 2:00pm: *Fed Says Holding Rates Allows FOMC to Assess Additional Data *Fed Pauses Rate Hikes but Signals More Tightening to Come *Fed Median Rate Forecasts Rise to 5.6% End-’23, 4.6% End-’24 *Fed Says ‘Extent of Additional’ Firming to Hinge on Economy post at 2:02pm: FED: FOMC VOTE WAS UNANIMOUS.
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- Posted: Jun 14, 2023 12:54pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 3,826